Award

C1312 - Co-sourced Internal Audit Services

NATIONAL WEALTH FUND LIMITED

This public procurement record has 1 release in its history.

Award

08 May 2026 at 11:11

Award Notice
Summary of the contracting process

The procurement process conducted by National Wealth Fund Limited, located at 2 Whitehall Quay, Leeds, culminated in the award for "C1312 - Co-sourced Internal Audit Services". The contract caters to services within the internal audit industry and is targeted at delivery within the United Kingdom. Initiated as a selective tender through a call-off from a framework agreement, the tender's award stage was completed on 27th March 2026 with the subsequent award published on 8th May 2026. The awarded contract, valued at £692,250, started on 5th May 2026 and will conclude on 4th May 2029. KPMG LLP was selected as the supplier for this contract, corresponding to the completion of the tender process.

This tender presents substantial opportunities for businesses, particularly those offering specialised internal audit services. The contract's long-term nature, lasting three years, opens avenues for sustained business growth and revenue. Furthermore, with a procurement method favourable to small and medium-sized enterprises (SMEs), this procurement process welcomes competitive participation from businesses of varying scales, although large-scale companies like KPMG LLP have secured the current contract. Businesses looking to expand their client base in the public sector within the UK can find this type of procurement opportunity particularly advantageous.

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Notice Information

Notice Title

C1312 - Co-sourced Internal Audit Services

Notice Description

Contract for the supply of Co-sourced Internal Audit Services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-22bca71f-2c95-40cf-bb25-cc9655e05207
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/96b29ccb-503b-4348-837a-8e5095a24eb6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79212200 - Internal audit services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£692,250 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
8 May 20266 days ago
Submission Deadline
23 Feb 2026Expired
Future Notice Date
Not specified
Award Date
27 Mar 20261 months ago
Contract Period
4 May 2026 - 4 May 2029 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NATIONAL WEALTH FUND LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEEDS
Postcode
LS1 4HR
Post Town
Leeds
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE42 Leeds
Delivery Location
Not specified
Local Authority
Leeds
Electoral Ward
Hunslet & Riverside
Westminster Constituency
Leeds South

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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