Tender

GB-Wellingborough: The provision of Internal Auditor Services at Greatwell Homes

GREATWELL HOMES

This public procurement record has 1 release in its history.

Tender

17 Jul 2019 at 08:30

Tender Notice
Summary of the contracting process

The procurement process involves Greatwell Homes, which is based in Wellingborough, UK, seeking to engage an internal audit service provider. The tender, titled "The provision of Internal Auditor Services at Greatwell Homes," falls under the services category and is currently at the planning stage. The open procedure procurement method was announced on 17th July 2019, with a closing date for bids set for 13th August 2019. The contract period is expected to commence on 1st April 2020 and run until 31st March 2023, with a total contract value ranging from £50,000 to £100,000.

This tender presents a significant opportunity for small and medium enterprises (SMEs) specialising in internal audit services. Businesses that can demonstrate expertise in risk management, governance processes, and financial reporting will be well-positioned to compete. The contract aims to enhance service efficiencies and improve customer satisfaction, thus attracting firms that can deliver value-for-money services and maintain professional audit standards throughout the contract duration.

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Notice Information

Notice Title

GB-Wellingborough: The provision of Internal Auditor Services at Greatwell Homes

Notice Description

Contract Description and Scope The scope of work of the internal audit service is to determine whether the organisation's network of risk management, control and governance processes, as designed and represented by management, is adequate and functioning in a manner that ensures that: risks are appropriately identified and managed; interaction with the various governance groups occurs as needed; significant financial, managerial, and operating information is accurate, reliable, and timely; employees' actions comply with policies, standards, procedures, and applicable laws and regulations; resources are acquired economically, used efficiently, and adequately projected; programmes, plans and objectives are achieved; quality and continuous improvement are fostered in the organisation's control process; significant legislative or regulatory issues affecting the organisation are recognised and addressed appropriately; opportunities for improving management control, profitability and the organisation's image, which are identified during audits, are communicated to the appropriate level of management. The Key Aims, Objectives and Outcomes The key aims, objectives and required outcomes of this proposed contract are to: Increase services and efficiencies and improvements; improve Customer Satisfaction; achieve Value for Money; develop a flexible annual plan using an appropriate risk-based methodology, including any risks or control concerns identified by management, and submit that plan to the Audit Committee for review and approval as well as periodic updates; implement the annual audit plan, as approved, including as appropriate any special tasks or projects requested by management and the Audit Committee; maintain professional audit staff with sufficient knowledge, skills, experience, and professional certifications to meet the requirements of this engagement letter; issue periodic reports to Audit Committee informed by the best practice in internal auditing; help in the investigation of significant suspected fraudulent activities in the organisation and notify management and the Audit Committee of the results; consider the scope of work of the external auditors and regulators, as appropriate, for the purpose of providing optimal internal audit coverage to the organisation at a reasonable overall cost. For your information our current internal audit setup comprises: Provide an annual assessment on the adequacy and effectiveness of Greatwell Homes' processes for controlling its activities and managing its risks; report on each internal audit carried out highlighting issues related to the processes for controlling the activities of Greatwell Homes, including potential improvements to those processes; periodically provide information on the status and results of the annual audit plan. Please see attached invitation to tender document for detail. Additional information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3fb24fca-d0ee-4392-8002-1db72ca14fc7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8c49fd38-89f2-4495-bbe2-ee3ca44f69a8
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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

79212200 - Internal audit services

Notice Value(s)

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

Notice Dates

Publication Date
17 Jul 20196 years ago
Submission Deadline
13 Aug 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2020 - 31 Mar 2023 2-3 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
GREATWELL HOMES
Contact Name
Jenny Perkins
Contact Email
procurementteam@greatwellhomes.org.uk
Contact Phone
01933231346

Buyer Location

Locality
WELLINGBOROUGH
Postcode
NN8 1BL
Post Town
Northampton
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF25 North Northamptonshire
Delivery Location
TLF East Midlands (England)
Local Authority
North Northamptonshire
Electoral Ward
Croyland and Swanspool
Westminster Constituency
Wellingborough and Rushden

Further Information

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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