Tender

The Provision of an External Audit Service for the City of London

CITY OF LONDON CORPORATION

This public procurement record has 2 releases in its history.

Tender

14 Jun 2021 at 07:42

Tender Notice
Planning

08 Mar 2021 at 08:33

Market Engagement Notice
Summary of the contracting process

The City of London Corporation is currently seeking tenders for the provision of External Audit Services, with a contract value of £1,672,000. This procurement, classified under the Auditing services category, is being conducted through a one-stage Open procedure, with the tender deadline set for 12:00 on 12th July 2021. The successful contract will commence on 30th September 2021 and will last for three years, with the possibility of an additional year. This contracting opportunity is targeted at firms capable of fulfilling the audit requirements across various sectors, operating from its headquarters located in London's Guildhall.

This tender presents substantial opportunities for businesses specialising in audit services to expand their clientele within the public sector, particularly firms that are adept at navigating the diverse requirements of local authorities, charities, and private companies. Companies equipped to respond to the demands of statutory audit and those well-versed in financial compliance would be particularly well-positioned to compete. Additionally, firms aiming to broaden their portfolio by engaging in public sector contracts may find this project beneficial for sustained growth in the auditing domain.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

The Provision of an External Audit Service for the City of London

Notice Description

The City of London Corporation (the City) invites Tenders for the provision of External Audit Services. The City is a unique organisation which operates across the public (local authority), private and charitable sectors and requires an audit firm with the capability and capacity to meet the external audit requirements across all its entities. The Service relates to the appointment of an auditor to audit and independently examine the City's various financial statements and to carry out certification of various grant claims and returns. The number of financial statements and the level of certification work required may increase or decrease during the life of the contract. Where applicable, the City will adopt the level of audit review required for its Sundry Trusts in line with Charities Act 2011 financial thresholds. It will therefore adopt full audits, Independent Examinations (IE) and or no audit review where required. This procurement will be a one (1) stage Open procedure. The description of the requirements for the External Audit Services are set out in the procurement documents, particularly the specification - available from: https://www.capitalesourcing.com The duration of the contract is three (3) years, with the option to extend up to one (1) further year. The Contract is intended to commence 30th September 2021. Additional information: This procurement process is being undertaken using the electronic tendering system 'Capital eSourcing' (url:www.capitalesourcing.com). Organisations interested in providing the Service under this procurement, project reference: prj_COL_16917 must register an interest on the system in order to participate and registration is free. This is a one stage procurement process; therefore, suppliers will need to register an interest on the system and submit a tender submission no later than 12.00 on 12.07.2021 in order to participate. Tender submissions cannot be uploaded after the return deadline. The contracting authority reserves the right at any time to vary the timescales in this notice, cease the procurement process and not award the contract or to award only part of the opportunity described in this notice. If the contracting authority takes up any of these rights then it will not be responsible for, or pay the expenses or losses, which may be incurred by any candidate or tenderer as a result. Economic operators are solely responsible for their costs and expenses incurred in connection with the preparation of their tender submissions and all stages throughout the procurement. Under no circumstances will the contracting authority be liable for costs or expense borne by the economic operators. The requirements of the Service are set out in the procurement documents, particularly the Service Specification - available from: https://www.capitalesourcing.com Organisations should be aware that due to the contract value (of the Service), any contract formed as a result of this procurement process shall be executed as a deed. Organisations should seek independent legal advice on the implications of this prior to submitting their tender, where appropriate. Any questions relating to this procurement must be made via the correspondence area in the Capital eSourcing system.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-50b7aa91-1c38-47d9-9a88-a4a8d29b5e90
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/85dcb17c-aeda-4cb7-b46a-f96034baec84
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

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

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
£1,672,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
14 Jun 20214 years ago
Submission Deadline
12 Jul 2021Expired
Future Notice Date
21 Apr 2021Expired
Award Date
Not specified
Contract Period
29 Sep 2021 - 30 Sep 2024 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
CITY OF LONDON CORPORATION
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
EC2P 2EJ
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI London
Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-50b7aa91-1c38-47d9-9a88-a4a8d29b5e90-2021-06-14T08:42:26+01:00",
    "date": "2021-06-14T08:42:26+01:00",
    "ocid": "ocds-b5fd17-50b7aa91-1c38-47d9-9a88-a4a8d29b5e90",
    "language": "en",
    "initiationType": "tender",
    "title": "External Audit Service for the City of London",
    "planning": {
        "milestones": [
            {
                "id": "1",
                "title": "Engagement end date",
                "type": "engagement",
                "dueDate": "2021-04-21T23:59:59+01:00"
            }
        ],
        "documents": [
            {
                "id": "1",
                "documentType": "marketEngagementNotice",
                "description": "Early engagement notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/6656299d-d853-4299-b986-fceaf04dd450",
                "datePublished": "2021-03-08T08:33:56Z",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "tenderNotice",
                "description": "External Audit Service for the City of London - Supplier Engagement Session",
                "url": "http://www.capitalesourcing.com"
            }
        ]
    },
    "tender": {
        "id": "tender_239095/956731",
        "title": "The Provision of an External Audit Service for the City of London",
        "description": "The City of London Corporation (the City) invites Tenders for the provision of External Audit Services. The City is a unique organisation which operates across the public (local authority), private and charitable sectors and requires an audit firm with the capability and capacity to meet the external audit requirements across all its entities. The Service relates to the appointment of an auditor to audit and independently examine the City's various financial statements and to carry out certification of various grant claims and returns. The number of financial statements and the level of certification work required may increase or decrease during the life of the contract. Where applicable, the City will adopt the level of audit review required for its Sundry Trusts in line with Charities Act 2011 financial thresholds. It will therefore adopt full audits, Independent Examinations (IE) and or no audit review where required. This procurement will be a one (1) stage Open procedure. The description of the requirements for the External Audit Services are set out in the procurement documents, particularly the specification - available from: https://www.capitalesourcing.com The duration of the contract is three (3) years, with the option to extend up to one (1) further year. The Contract is intended to commence 30th September 2021. Additional information: This procurement process is being undertaken using the electronic tendering system 'Capital eSourcing' (url:www.capitalesourcing.com). Organisations interested in providing the Service under this procurement, project reference: prj_COL_16917 must register an interest on the system in order to participate and registration is free. This is a one stage procurement process; therefore, suppliers will need to register an interest on the system and submit a tender submission no later than 12.00 on 12.07.2021 in order to participate. Tender submissions cannot be uploaded after the return deadline. The contracting authority reserves the right at any time to vary the timescales in this notice, cease the procurement process and not award the contract or to award only part of the opportunity described in this notice. If the contracting authority takes up any of these rights then it will not be responsible for, or pay the expenses or losses, which may be incurred by any candidate or tenderer as a result. Economic operators are solely responsible for their costs and expenses incurred in connection with the preparation of their tender submissions and all stages throughout the procurement. Under no circumstances will the contracting authority be liable for costs or expense borne by the economic operators. The requirements of the Service are set out in the procurement documents, particularly the Service Specification - available from: https://www.capitalesourcing.com Organisations should be aware that due to the contract value (of the Service), any contract formed as a result of this procurement process shall be executed as a deed. Organisations should seek independent legal advice on the implications of this prior to submitting their tender, where appropriate. Any questions relating to this procurement must be made via the correspondence area in the Capital eSourcing system.",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "79212000",
            "description": "Auditing services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "London",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "datePublished": "2021-06-14T08:42:26+01:00",
        "value": {
            "amount": 1672000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure (above threshold)",
        "tenderPeriod": {
            "endDate": "2021-07-12T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2021-09-30T00:00:00+01:00",
            "endDate": "2024-09-30T23:59:59+01:00"
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/85dcb17c-aeda-4cb7-b46a-f96034baec84",
                "datePublished": "2021-06-14T08:42:26+01:00",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "tenderNotice",
                "description": "Link to eSourcing Portal",
                "url": "http://www.capitalesourcing.com"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-118457",
            "name": "City of London Corporation",
            "identifier": {
                "legalName": "City of London Corporation"
            },
            "address": {
                "streetAddress": "City of London Corporation, Guildhall, PO Box 270",
                "locality": "London",
                "postalCode": "EC2P 2EJ",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "Chris.mulhall@cityoflondon.gov.uk",
                "telephone": "02073321420"
            },
            "details": {
                "url": "https://www.cityoflondon.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-118457",
        "name": "City of London Corporation"
    }
}