Award

NHSPS 2018-19 EY

NATIONAL AUDIT OFFICE

This public procurement record has 1 release in its history.

Award

30 May 2019 at 09:19

Award Notice
Summary of the contracting process

The procurement process titled "NHSPS 2018-19 EY" was undertaken by the National Audit Office, focusing on financial auditing services. This contract involved auditing property valuations conducted by NHSPS and was valued at £27,600. The procurement method used was selective, specifically a call-off from a framework agreement. The tender period concluded on 27 March 2019, with the contract period running from 29 April 2019 to 29 July 2019, based in London, England. The award for this contract was published on 30 May 2019, with Ernst & Young as the chosen supplier.

This tender presents a significant opportunity for businesses in the financial auditing sector, particularly those with expertise in property valuation audits. Companies that specialise in financial services or possess the capacity to perform assessments in line with the expectations set out in the contract could find this a beneficial avenue for growth. As the contract has been awarded, understanding the nuances of this process could help prospective participants prepare for future opportunities in similar procurement initiatives.

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Notice Information

Notice Title

NHSPS 2018-19 EY

Notice Description

Audit of property valuation undertaken by NHSPS expert (Montague Evans) as at 31 March 2019. The basic cost of the assignment is PS23k + VAT, based on a sample size of 20, with no changes to the methodology since EY's last review. There is scope for this to increase in certain circumstances: if issues are found with the sample and it has to be extended to up to 30 sample items, and/or the methodogy has changed. The maximum quoted cost including this additional work is PS36k + VAT . We have discussed all scenarios, and we would have to jointly agree any increase for it to be valid. The outputs expected on completion of the assignment 1. A high level review of the methodology adopted by NHS Property Services and their valuers (Montagu Evans) to assess the reasonableness of the key assumptions and judgements in their methodology approach. 2. A report that reviews the findings from the sample test of land and buildings to confirm that the methodology is appropriately and consistently applied.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-522dfb30-0ccf-409d-acce-c0fb67da6af2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1c02174a-4ef8-43e0-9881-4e77c2b2a46b
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
Not specified
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
£27,600 Under £100K
Lots Value
Not specified
Awards Value
£27,600 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
30 May 20196 years ago
Submission Deadline
27 Mar 2019Expired
Future Notice Date
Not specified
Award Date
2 Apr 20196 years ago
Contract Period
28 Apr 2019 - 29 Jul 2019 1-6 months
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
NATIONAL AUDIT OFFICE
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
SW1W 9SP
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
Pimlico North
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

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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