Award

Provision of Internal Audit Services - AWARD

UNIVERSITY OF BEDFORDSHIRE

This public procurement record has 1 release in its history.

Award

08 Nov 2024 at 11:46

Summary of the contracting process

The University of Bedfordshire has awarded a contract for the provision of internal audit services to Tiaa Ltd. This contract falls under the auditing services category (CPV 79212000) and includes financial, statutory, and internal audit services. The procurement process was conducted as an open procedure, and the tender period ended on 18 April 2024. The awarded contract, valued at £504,000, will commence on 1 August 2024 and end on 31 July 2027, covering locations including the United Kingdom, British Overseas Territories, Channel Islands, Isle of Man, Europe, and the rest of the world. The procurement stage is currently at the award phase, with the award being published on 8 November 2024.

This tender presents a significant opportunity for businesses specialising in auditing services, particularly those with experience in internal, financial, and statutory audits. The contract value of £504,000 over three years provides substantial financial growth potential for the winning bidder. Small and medium enterprises (SMEs) are considered suitable for this contract, creating further opportunities for smaller businesses to compete and expand their market presence. The University of Bedfordshire, located in Luton, is committed to ensuring high standards in their internal audit functions, providing an excellent partnership opportunity for capable auditing firms.

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Notice Title

Provision of Internal Audit Services - AWARD

Notice Description

Provision of Internal Audit services - UoB

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-68063d4a-f7f5-429f-aa95-cf8e4358011f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6a800bac-0d06-4749-bdbe-18e9ca42d026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award 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

79212100 - Financial auditing services

79212200 - Internal audit services

79212300 - Statutory audit services

Notice Value(s)

Tender Value
£525,000 £500K-£1M
Lots Value
Not specified
Awards Value
£504,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
8 Nov 20241 years ago
Submission Deadline
18 Apr 2024Expired
Future Notice Date
Not specified
Award Date
28 May 20241 years ago
Contract Period
31 Jul 2024 - 31 Jul 2027 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF BEDFORDSHIRE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LUTO
Postcode
LU1 3JU
Post Town
Luton
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH21 Luton
Delivery Location
Not specified

Local Authority
Luton
Electoral Ward
Central
Westminster Constituency
Luton South and South Bedfordshire

Supplier Information

Number of Suppliers
1
Supplier Name

TIAA

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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