Award

External Assessment of Internal Audit

PENSION PROTECTION FUND

This public procurement record has 1 release in its history.

Award

24 Feb 2021 at 13:04

Summary of the contracting process

The Pension Protection Fund has successfully completed a tender for the "External Assessment of Internal Audit" project, which falls under the category of Business and Management Consultancy Services. This procurement process, conducted via a limited method, involved a competitive quotation process due to its value of £58,300, with contract performance running from 1st February 2021 to 31st July 2021. The tender period concluded on 7th December 2020, and the assessment’s objectives were to ensure compliance with Public Sector Internal Audit Standards, review organisational impact, and identify areas for continuous improvement. The contracting authority is located in Croydon, London.

This opportunity represents a potential growth avenue for consultancy firms, particularly small and medium enterprises (SMEs) that specialise in internal audit assessments and quality evaluations. Businesses that possess expertise in public sector standards and have experience conducting audits or evaluations will be well-positioned to engage in similar tenders. The demand for such services highlights an ongoing need for consultancy support within public sector organisations, making it a favourable landscape for firms looking to expand their portfolios in this sector.

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Notice Title

External Assessment of Internal Audit

Notice Description

The PPF were looking for a consultancy firm to perform an external quality assessment of its Internal Audit function. The objectives of the assessment are to evaluate whether IA conforms to Public Sector Internal Audit Standards ("PSIAS"), to review its impact on the organisation and to identify actions for continuous improvement. The assessment should conform with HM Treasury's recommended approach to carrying out internal and external quality assessments, which is set out in its Internal Audit Quality Assessment Framework (IAQAF):

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2a2e2b54-e9b5-4b25-bdd8-8652fb8f468c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/993590df-ca04-46cf-bdb1-a7183d91422a
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79410000 - Business and management consultancy services

Notice Value(s)

Tender Value
£58,300 Under £100K
Lots Value
Not specified
Awards Value
£58,300 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Feb 20214 years ago
Submission Deadline
7 Dec 2020Expired
Future Notice Date
Not specified
Award Date
20 Jan 20215 years ago
Contract Period
1 Feb 2021 - 31 Jul 2021 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
PENSION PROTECTION FUND
Contact Name
Not specified
Contact Email
commercialservices@ppf.co.uk
Contact Phone
Not specified

Buyer Location

Locality
CROYDON
Postcode
CR0 2NA
Post Town
Croydon
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI62 Croydon
Delivery Location
TLI London

Local Authority
Croydon
Electoral Ward
Fairfield
Westminster Constituency
Croydon West

Supplier Information

Number of Suppliers
1
Supplier Name

INDEPENDENT AUDIT

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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