Tender

DPS for audit services for opted-in eligible bodies in England

PUBLIC SECTOR AUDIT APPOINTMENTS LTD

This public procurement record has 2 releases in its history.

TenderAmendment

29 Nov 2024 at 09:10

Tender

03 Feb 2022 at 15:00

Summary of the contracting process

Public Sector Audit Appointments Ltd is seeking to establish a dynamic purchasing system (DPS) for audit services targeting opted-in eligible bodies in England. This procurement falls under the industry category of accounting, auditing, and fiscal services, and utilises a restricted procedure. The total estimated value of the contract has been corrected to £998,000,000. The procurement process, which remains active, has key deadlines with the tender period ending on 18 March 2022, and the contract period starting on 01 May 2022 and ending on 29 February 2029. This assignment involves compliance with the Local Audit and Accountability Act 2014 and the Local Audit (Appointing Person) Regulations 2015, and covers all designated areas including the British Overseas Territories and the United Kingdom.

This tender presents substantial opportunities for growth, especially for businesses experienced in providing high-stakes audit services in the public sector. Potential bidders can tap into a diverse range of eligible entities, including local councils, combined authorities, police and fire commissioners, and national park authorities. The high valuation of the contract, spanning up to eight years, makes it particularly attractive for large-scale audit firms. However, SMEs and VCSEs are deemed unsuitable for this tender. Bidders should assess their standing concerning conflict of interest policies and ensure compliance with regulatory requirements to maximise their chances of successful engagement.

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Notice Title

DPS for audit services for opted-in eligible bodies in England

Notice Description

Text to be corrected in the original notice: Place of text to be modified: Estimated total value: Instead of: 80,000,000 Read: 998,000,000 Other additional information: The dynamic purchasing system will run for up to 8 years, expected to commence in May 2022. Potential bidders should seek independent legal and commercial advice in relation to the potential value of the opportunity as a whole. PSAA reserves the right to disqualify potential bidders where there is an actual or potential conflict of interest. Potential bidders will be required to complete and return the Conflict of Interest Declaration as part of its selection questionnaire response. The procurement will establish a dynamic purchasing system to appoint auditors to cover the audits of the accounts (as per the Code of Audit Practice) of eligible bodies across England that opt in for the purposes of the appointment of auditors under the provisions of the Local Audit and Accountability Act 2014 and the requirements of the Local Audit (Appointing Person) Regulations 2015. Eligible entities include local councils, combined authorities, police and crime commissioners, police, fire and crime commissioners, chief constables, fire and rescue authorities, waste authorities, passenger transport executives and national park authorities.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-651c9c7b-0b85-4353-9fb0-85139af0e667
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/20bc1d3f-2d21-4c23-968f-41eb71b3e428
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Dynamic
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
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

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
£80,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
29 Nov 20241 years ago
Submission Deadline
18 Mar 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Apr 2022 - 23 Feb 2029 Over 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
PUBLIC SECTOR AUDIT APPOINTMENTS LTD
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
SW1P 3HZ
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
St James's
Westminster Constituency
Cities of London and Westminster

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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