Tender

Internal Audit Services

FINANCIAL SERVICES COMPENSATION SCHEME

This public procurement record has 1 release in its history.

Tender

04 Nov 2021 at 16:25

Summary of the contracting process

The Financial Services Compensation Scheme is currently seeking to engage an internal audit partner through a selective tender process for the provision of internal audit services. This procurement initiative, titled "Internal Audit Services," falls under the services category and is targeted at businesses based in London, United Kingdom. The tender period is set to conclude on 7 December 2021, and the total contract value is estimated at £1,200,000. The awarded contract will begin on 5 May 2022 and last until 4 May 2026. Interested parties should note that the contact for more information is Jean Mutudza, available via email or telephone.

This tender presents significant opportunities for businesses specialising in audit services, particularly small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) that are well-equipped to deliver comprehensive internal audit methodologies and quality assurance processes. Companies that can offer specialist areas of practice, such as IT audits, and demonstrate strong experience in governance, risk management, and internal control frameworks, will be particularly competitive in this procurement process.

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Notice Title

Internal Audit Services

Notice Description

The Scheme wishes to competitively tender for an internal audit partner reporting into the Audit Committee. This will include internal audit services, input into the annual internal audit plan, development of internal audit strategy and / or methodologies, advice, benchmarking and external good practice on governance, risk management and internal control, benchmarking and quality assurance of internal audit performance, specialist internal audit assurance and advisory service e.g. IT audit. The partner will use its own internal audit methodology, its own quality assurance process and will produce reports and working papers under its own branding.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6422bd08-e317-4665-b04c-70cfe096bf19
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/565be235-2f19-4dae-964a-e16ba4029745
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
SME, VCSE
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
£1,200,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
4 Nov 20214 years ago
Submission Deadline
7 Dec 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
4 May 2022 - 4 May 2026 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
FINANCIAL SERVICES COMPENSATION SCHEME
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
EC3A 7QU
Post Town
Central 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
TLI London

Local Authority
City of London
Electoral Ward
Portsoken
Westminster Constituency
Cities of London and Westminster

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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