Award

Appointment of Accountancy and External Audit Services

THE NATIONAL MUSEUM OF THE ROYAL NAVY

This public procurement record has 4 releases in its history.

Award

29 Jul 2024 at 13:54

TenderAmendment

10 Nov 2023 at 16:13

TenderAmendment

17 Oct 2023 at 13:46

Tender

13 Oct 2023 at 15:17

Summary of the contracting process

The National Museum of the Royal Navy (NMRN) has completed the procurement process for the appointment of Accountancy and External Audit Services. The procurement was conducted using an open procedure, targeting the South East region of the United Kingdom. This procurement was divided into two lots: Lot 1 for Acting as External Auditors for the Subsidiary Companies and Trusts, and Lot 2 for Statutory Accounts Preparation. Each lot was valued at £250,000. The contract period starts on 8 January 2024 and runs until 8 January 2027, with a possible two-year extension subject to satisfactory performance. The procurement sought to engage SMEs, and the awarded contracts were announced on 22 December 2023, with Compass Accountants Limited and Price Bailey LLP being selected for Lot 2 and Lot 1, respectively.

This procurement offers significant opportunities for SMEs specialising in accounting and auditing services. Engaging in such tenders can enhance the reputation and visibility of the appointed firms within the industry, potentially leading to further business growth and opportunities. Businesses with experience in handling statutory accounts and auditing for large organisations or public sector entities would be well-suited to such contracts. Additionally, the specified contract duration allows for a stable, long-term business relationship, facilitating strategic growth and service improvements over time.

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Notice Title

Appointment of Accountancy and External Audit Services

Notice Description

The National Museum of the Royal (NMRN) are looking to appoint for for Accountancy and External Audit Services. The Services are divided into two lots. Potential suppliers are invited to tender for one or either of the two lots. It must, however, be noted that in order to maintain audit independence, the two lots will be awarded to two separate companies. The lots are as follows: Lot 1- Acting as External Auditors for the Subsidiary Companies and Trusts (PS250k) Lot 2- Statutory Accounts Preparation (PS250k) The NMRN is looking for the provision of the Services for a minimum of four and a maximum of six years (with a two-year extension subject to satisfactory performance) commencing with the delivery of the statutory accounts and subsidiaries audit for the financial year 2023-24. It is anticipated that the contracts for the Services will be in place by January 2024. The full scope of requirements can be found in Annex A of the ITT documentation. All clarification questions must be sent to tenders@nmrn.org.uk for response.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3f985256-3cd5-4be3-a723-4a499668f245
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ab5d9d61-b734-46a7-a6e0-a1fbb297c55c
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above 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

79210000 - Accounting and auditing services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£468,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jul 20241 years ago
Submission Deadline
17 Nov 2023Expired
Future Notice Date
Not specified
Award Date
22 Dec 20232 years ago
Contract Period
8 Jan 2024 - 8 Jan 2028 4-5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
THE NATIONAL MUSEUM OF THE ROYAL NAVY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
PORTSMOUTH
Postcode
PO1 3NH
Post Town
Portsmouth
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ31 Portsmouth
Delivery Location
TLJ South East (England)

Local Authority
Portsmouth
Electoral Ward
Charles Dickens
Westminster Constituency
Portsmouth South

Supplier Information

Number of Suppliers
2
Supplier Names

COMPASS ACCOUNTANTS

PRICE BAILEY

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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