Tender

External Audit

DURHAM UNIVERSITY

This public procurement record has 1 release in its history.

Tender

24 Feb 2017 at 16:58

Tender Notice
Summary of the contracting process

Durham University is currently inviting tenders for the provision of external audit services, with a total estimated contract value of £255,000. This tender falls within the auditing services category (CPV code 79212000) and is located in the North East region of the United Kingdom. The procurement process is currently in the Tender stage, with a deadline for submission set for 17th March 2017. The awarded contract will commence on 1st January 2018, lasting for an initial period of three years, and may include extensions based on performance.

This tender presents a significant opportunity for professional services firms specialising in auditing, particularly those with experience in higher education and compliance with standards such as FRS102 and HEFCE SORP. Businesses that are SMEs and have the appropriate qualifications and independence to perform audits could strongly benefit from this contract. Additionally, firms that can demonstrate a sound understanding of the financial regulations applicable to educational institutions would be well-positioned to compete in this procurement process.

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Notice Information

Notice Title

External Audit

Notice Description

The University wishes to establish a contract with a professional services firm to provide external audit services as required by the University's Audit Committee and the Director of Finance. The University's governing body, Council, have approved the tendering of the agreement and stated that the overriding consideration is to appoint an audit firm with the right profile and experience to undertake the University's audit, as well as the ability to exercise appropriate judgement on audit issues, provide value for money and auditor independence. As with all Higher Education Institutions (HEIs), the University is required to comply with FRS102 and the HEFCE SORP. The University is also required to comply with various other standards, for example, Annual Return for the National College of Teaching and Leadership (NCTL), an audit of US federal aid compliance and an audit of US GAAP compliance (triennially). The contract will not be used by any other contracting authorities. The contract will be for an initial period of 3 years, with 2 further extension of 12 months available based upon supplier performance and requirement. A supplier briefing meeting is to be held during W/C 20 March 2017 at Durham University premises. Should you wish to attend or require further information please contact Lyndsay Glasper(lyndsay.glasper@durham.ac.uk ) To express an interest please go to the following website: http://events.transaxions.com/service.aspx?event=6760

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-679ac078-957a-4297-8e1c-dfef5b915a66
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/87eed6b3-2acb-47df-aaa1-e153edf52746
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
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
£255,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Feb 20179 years ago
Submission Deadline
17 Mar 2017Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Jan 2018 - 31 Dec 2020 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
DURHAM UNIVERSITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DURHAM
Postcode
DH1 3LE
Post Town
Durham
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC41 Durham
Delivery Location
TLC North East (England)
Local Authority
County Durham
Electoral Ward
Durham South
Westminster Constituency
City of Durham

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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