Award

Payables Audit Services - Award Notice

UNIVERSITY OF BRISTOL

This public procurement record has 1 release in its history.

Award

20 Feb 2025 at 09:45

Award Notice
Summary of the contracting process

The University of Bristol has finalised a contract for "Payables Audit Services" under the industry category of financial auditing services. This contract, awarded to Rockford Associates Limited, a large supplier based in Leicester, aims to assist the University in cash recovery by identifying errors, duplication, or overpayments on the accounts payable ledger. This audit covers financial years 2021/22, 2022/23, and 2023/24, with audit activities running from 24 February 2025 to 28 February 2026. The procurement process is selective, using a framework agreement, and the overall forecasted contract value stands at £35,000 excluding VAT. Key contacts include Lee Bryant from the University of Bristol.

This tender represents substantial growth opportunities for businesses specialising in financial auditing and cash recovery services, especially SMEs and VCSEs. Companies experienced in payables audits and capable of dealing with complex financial inquiries will find this contract particularly beneficial. The contract, based on a commission model, offers an avenue for firms to showcase their expertise, secure meaningful financial engagements, and expand their portfolio through a prestigious client like the University of Bristol.

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Notice Information

Notice Title

Payables Audit Services - Award Notice

Notice Description

To undertake a payables audit to assist the University in cash recovery by identifying errors, duplication, or overpayments on our accounts payable ledger. The audit will look back over records for the last 3 years covering financial years 21/22, 22/23 and 23/24 and engage directly with the University's suppliers where required to investigate and resolve issues. Contract Direct Awarded via CCS RM6226 Debt Resolution Services framework and specifically Lot 15: Spend Analytics and Recovery Services (Accounts Payable Review). Additional information: Contract is commission based. Forecasted contract value is PS35,000 Ex VAT but subject to change depending on the amount of funds recovered.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4d0bc75f-1045-44fe-aeda-26302badec7d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b5d3593a-6b0d-44f0-ae27-f228fbdc73f1
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£35,000 Under £100K
Lots Value
Not specified
Awards Value
£35,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Feb 20251 years ago
Submission Deadline
1 Nov 2024Expired
Future Notice Date
Not specified
Award Date
20 Feb 20251 years ago
Contract Period
24 Feb 2025 - 28 Feb 2026 1-2 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
UNIVERSITY OF BRISTOL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRISTOL
Postcode
BS1 5DS
Post Town
Bristol
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
TLK South West (England)
Local Authority
Bristol, City of
Electoral Ward
Central
Westminster Constituency
Bristol Central

Supplier Information

Number of Suppliers
1
Supplier Name

ROCKFORD ASSOCIATES

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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