Tender

Internal audit and assurance services

THE WESTMINSTER FOUNDATION FOR DEMOCRACY LIMITED

This public procurement record has 2 releases in its history.

TenderAmendment

07 Jan 2022 at 10:18

Tender Notice
Tender

07 Jan 2022 at 09:28

Tender Notice
Summary of the contracting process

The Westminster Foundation for Democracy Limited is seeking to procure independent and objective internal audit and assurance services. This tender, titled "Internal audit and assurance services," falls under the legal services category and is focused on evaluating governance, risk management, and controls in compliance with relevant public sector standards. The procurement process is currently in the Tender stage, with the submission deadline set for 7th February 2022. The contracting period will commence on 28th February 2022 and extend until 31st March 2025, with an anticipated initial annual value of approximately £15,000.

This opportunity presents a significant avenue for growth, particularly for small and medium-sized enterprises (SMEs) specialising in auditing and consultancy services. Businesses with expertise in governance evaluations, risk management, and compliance with Public Sector Internal Audit Standards would be well-positioned to compete for this contract. Additionally, those familiar with the Crown Commercial Service framework for Audit and Assurance Services can leverage this procurement process to expand their service offerings in the public sector.

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Notice Information

Notice Title

Internal audit and assurance services

Notice Description

WFD wishes to procure the services of a supplier to provide independent and objective internal audit and assurance services, together with related consulting activity, on the effectiveness of governance, risk management and controls in line with Public Sector Internal Audit Standards, the Government Functional Standard for Internal Audit, and any other applicable standards, including any guidance issued by the Government Internal Audit Agency. The selected supplier will: (1) Develop, in consultation with WFD management, an internal audit charter, risk-based internal audit strategy for the three-year period, from 1 April 2022 to 31 March 2025, and an annual plan; (2) Share progress reports with the quarterly meeting of the Board's Audit & Risk Assurance Committee and liaise with the internal audit department of WFD's parent department the Foreign, Commonwealth & Development Office as required; (3) Offer regular insights to WFD's Accounting Officer and the Audit & Risk Assurance Committee and an annual audit opinion for the purposes of WFD's Annual Report & Accounts; and (4) Provide assurance on governance, risk management and controls including but not limited to: the systems and processes underpinning WFD's network and platform operations, information and communication technology, finance, commercial, people and culture, facilities management, and policy development and programme delivery, via commissioned internal audits or advisory assignments in accordance with the agreed strategy and plan. WFD reserves the right to either contract the selected supplier independently, on WFD standard terms and conditions of services, or to enter into a call-down order contract with a preferred supplier listed under Lot 1 of the Crown Commercial Service framework agreement RM6188 Audit and Assurance Services. The anticipated annual value of this contract in the first year is estimated as c.PS15,000. This may be subject to review for the second and third years, subject to available funding. Further detailed information on how to apply can be found in the Invitation to Tender document.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2fbc096c-ffb9-4c00-8930-4fc45174ba00
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3edf6ee0-94ea-49cf-ab56-c2c9adb63e56
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79100000 - Legal services

79200000 - Accounting, auditing and fiscal services

79700000 - Investigation and security services

79900000 - Miscellaneous business and business-related services

Notice Value(s)

Tender Value
£15,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 Jan 20224 years ago
Submission Deadline
7 Feb 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
28 Feb 2022 - 31 Mar 2025 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THE WESTMINSTER FOUNDATION FOR DEMOCRACY 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
LONDON
Postcode
SW1A 2EG
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
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Further Information

Notice URLs

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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