Award

External Audit Services

UNIVERSITY OF LINCOLN

This public procurement record has 1 release in its history.

Award

08 Jun 2017 at 13:09

Award Notice
Summary of the contracting process

The University of Lincoln has recently completed a tendering process for External Audit Services, aimed at auditing its financial statements. The contract is set to run for one year from July 1, 2017, with an option for extensions until December 31, 2021. This procurement, classified under auditing services (CPV code 79212000), followed an open procedure method, and the key deadlines included a tender submission end date of May 19, 2017, with the award published on June 8, 2017. The services will be delivered primarily in the East Midlands, UK, with a total contract value of £54,250 and a minimum value of £44,200.

This tender presents significant opportunities for firms that specialise in financial auditing, particularly those capable of meeting the specific statutory requirements and technical advisory needs of a higher education institution. Businesses equipped to handle such public sector contracts, especially larger auditing firms, may find this an attractive venture, allowing them to expand their client base within the education sector and strengthen their reputation in delivering compliance-driven services.

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Notice Information

Notice Title

External Audit Services

Notice Description

The University has appointed a contract for External Audit Services. The Contract will run for a period of 1 year commencing July 2017. There will be an option for the University to extend the Contract by a period of three and a half yearly extensions until 31st December 2021. The contract is to include statutory audit of the Group financial statements for the year ending 31 July 2017 in accordance with applicable auditing standards. Delivery of the contract includes: 1. Audit and sign-off of the Teacher's Pension Scheme (TPS) return in accordance with TPS requirements 2. Audit and sign-off of the US Federal Loan Return in accordance with US Department of Education requirements 3. Attendance at relevant meetings of the Governing Body as required 4. Provision and presentation of an audit findings report to Senior Management and the Governing Body 5. Provision of technical advice on the adherence to regulatory guidance relevant to University financial statements

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-256ad4bd-9121-481a-a086-ae23bb193d94
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b58a5887-525e-42f9-8072-0f4ca1fdc90c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79212000 - Auditing services

Notice Value(s)

Tender Value
£54,250 Under £100K
Lots Value
Not specified
Awards Value
£44,200 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
8 Jun 20178 years ago
Submission Deadline
19 May 2017Expired
Future Notice Date
Not specified
Award Date
18 May 20178 years ago
Contract Period
30 Jun 2017 - 30 Jun 2018 6-12 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
UNIVERSITY OF LINCOLN
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LINCOLN
Postcode
LN6 7TS
Post Town
Lincoln
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF3 Lincolnshire
Small Region (ITL 3)
TLF30 Lincolnshire CC
Delivery Location
TLF East Midlands (England)
Local Authority
Lincoln
Electoral Ward
Boultham
Westminster Constituency
Lincoln

Supplier Information

Number of Suppliers
1
Supplier Name

BDO

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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