Award

CPT_23_60 - BBC Contractor and Specialist Support

NATIONAL AUDIT OFFICE

This public procurement record has 2 releases in its history.

AwardUpdate

09 Aug 2024 at 12:02

Award Notice
Award

10 Jun 2024 at 08:52

Award Notice
Summary of the contracting process

The National Audit Office (NAO) has awarded a six-month contract for financial auditing services titled "CPT_23_60 - BBC Contractor and Specialist Support" under the CPV classification 79212100. The procurement process employed a selective method, specifically a call-off from a framework agreement. Located in London, United Kingdom, the audit support aims to cover media industry expertise for the 2023-24 audits across the BBC Group, including actuarial consultancy for pension liability valuations. Important dates include the tender period ending on 19 January 2024, the contract period starting on 1 April 2024, and concluding on 31 July 2024. The contract value is approximately £193,900 including VAT.

This tender represents a substantial business growth opportunity, especially for firms with expertise in financial auditing, particularly within the media sector. Small and medium-sized enterprises (SMEs) are identified as suitable for this contract, which encourages diverse market participation. Participation can lead to significant portfolio enhancement and industry reputation, given the prestige associated with auditing a major entity like the BBC. Additionally, the inclusion of actuarial services for pension liabilities suggests that firms with specialised financial and actuarial competencies would be well-suited to compete. Collaborations, such as the one with Grant Thornton UK LLP, which had additional input agreed due to overruns, underscore opportunities for high-profile engagements and strategic partnerships.

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Notice Information

Notice Title

CPT_23_60 - BBC Contractor and Specialist Support

Notice Description

The National Audit Office has awarded a contract for: Contractor support - Audit team members with media industry experience to work on the 2023-24 audits across the BBC Group. Pension liability valuation - Actuarial expertise to assist on the 2023-24 audit of BBC's pension scheme liabilities. The contract is for 6 months and will expire on 31 July 2024. Contract Variation: Contract was varied and agreed by both parties for Additional input from Grant Thornton UK LLP to complete the BBC audit due to overruns. Value: PS22,486.80 (inc. VAT)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-23a05c37-1215-4bd0-a722-fde2160a7d88
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1802319a-c73d-4b22-b2ef-6a956b2f312e
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

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£193,500 £100K-£500K
Lots Value
Not specified
Awards Value
£193,900 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
9 Aug 20241 years ago
Submission Deadline
19 Jan 2024Expired
Future Notice Date
Not specified
Award Date
31 Jan 20242 years ago
Contract Period
31 Mar 2024 - 31 Jul 2024 1-6 months
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 AUDIT OFFICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1W 9SP
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
Westminster
Electoral Ward
Pimlico North
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

GRANT THORNTON

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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