Award

External Audit 2021 - PP1021

ORBIT GROUP LIMITED

This public procurement record has 2 releases in its history.

Award

13 Dec 2021 at 14:53

Award Notice
Tender

01 Sep 2021 at 07:22

Tender Notice
Summary of the contracting process

The procurement process initiated by Orbit Group Limited is for the "External Audit 2021 - PP1021" contract, which falls within the auditing services sector. The tender is currently in the award stage, with the contract set to commence on 1st November 2021 and will run for an initial period of three years, with a potential extension of up to three additional years based on performance. The tender period ended on 1st October 2021, and the total contract value is estimated at £600,000. The procurement method employed is the open procedure, enabling broader participation from interested suppliers. The buyer's address is located in Coventry, England.

This tender presents a significant opportunity for businesses that specialise in auditing services, particularly those that are small and medium enterprises (SMEs), given their suitability for participation. Companies that are able to provide comprehensive auditing services tailored to the needs of large groups and their subsidiaries would be well-positioned to compete for this contract. With a minimum contract value of £300,000, the potential for sustained engagement over six years makes this a lucrative opportunity for qualified suppliers in this field.

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Notice Information

Notice Title

External Audit 2021 - PP1021

Notice Description

Orbit is looking to procure a supplier for our External Audit requirements that will deliver a service that is demonstrably focused around the needs of Orbit. The audit shall cover Orbit Group Limited and all current subsidiaries, which includes Orbit Homes (2020) Limited (development company), Orbit Treasury Limited, Orbit Housing Association Limited, Orbit Capital Plc (funding vehicle for bonds), and two non-trading entities Orbit New Homes Limited and Orbit Gateway Limited. The contract for the provision of the service is expected to commence on 1st November 2021. The Contract will be awarded for an initial period of 3 years with an option to extend for a further 3 years (on a 1 + 1 +1 basis) based on acceptable performance and current requirements. Tenderers are requested to study the documents in detail to ensure that the specific requirements can be met. To view the documents and submit a response got to https://procontract.due-north.com.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4b1b5229-3e73-48f8-a03c-027fb5de1320
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2ecadf16-bb30-4843-ba17-aed473a02644
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
Tender Suitability
SME
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
£600,000 £500K-£1M
Lots Value
Not specified
Awards Value
£540,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Dec 20214 years ago
Submission Deadline
1 Oct 2021Expired
Future Notice Date
Not specified
Award Date
23 Nov 20214 years ago
Contract Period
29 Nov 2021 - 31 Oct 2024 2-3 years
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
ORBIT GROUP 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
COVENTRY
Postcode
CV3 2SU
Post Town
Coventry
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG33 Coventry
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Coventry
Electoral Ward
Wyken
Westminster Constituency
Coventry East

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG

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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