Award

UK SBS PS16174 Prospectus checking for Student Loans

UK SHARED BUSINESS SERVICES LIMITED

This public procurement record has 2 releases in its history.

Award

30 Nov 2016 at 10:51

Award Notice
Tender

18 Nov 2016 at 20:16

Tender Notice
Summary of the contracting process

The UK Shared Business Services Limited is seeking to appoint an independent party to conduct an audit of the Student Loans prospectus through the tender titled "UK SBS PS16174 Prospectus checking for Student Loans". This procurement falls within the accounting and auditing services industry, with a clear deadline for bids by 18 November 2016 at 14:00 hours. The contract is set to begin on 24 November 2016 and will run until 31 March 2017. The procurement method is an open procedure, allowing any qualified supplier to submit a proposal, ensuring competitiveness and transparency in the process.

This tender presents a significant opportunity for businesses specialising in financial consultancy and auditing services, particularly small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs). The selected auditor will provide essential reports that will enhance the confidence of the government and its joint lead managers in the financial accuracy of the prospectus. Firms with expertise in agreed-upon procedures (AUPs) and familiarity with international standards in auditing would be particularly well-suited to compete for this contract.

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Notice Information

Notice Title

UK SBS PS16174 Prospectus checking for Student Loans

Notice Description

***CLOSING TIME FOR BIDS IS 18/11/2016 at 14:00 HOURS. DO NOT APPLY DIRECTLY TO THE BUYER*** The aim of this tender is to source an independent party to conduct an audit into the Student Loans prospectus. This will provide Government and its Joint Lead Managers with confidence that the financial information within the Prospectus does not contain material errors and has been audited by a third party. The selected party will be required to provide a report of the AUPs and an ICMA comfort letter. This tender is to contract an independent party to, in accordance with International Standard on Related Services (ISRS) 4400 'Engagement to Perform Agreed Upon Procedures Regarding Financial Information", perform an audit of the financial information presented in the Prospectus. The work will be completed in the following two phases. The draft red Prospectus will be prepared based on the then-available data and AuPs will be performed on this draft in December 2016, prior to the launch of any transaction. During February 2016, the stratification tables quoted in the draft red Prospectus will be updated using the final data extract for the black Prospectus (please note that the additional tables, market data and the WAL data will not be updated between the red and black Prospectus). The ICMA letter will be provided on the final black Prospectus Additional information: As part of the strategic alliance between UK Shared Business Services Ltd (UK SBS) and Crown Commercial Service (CCS), UK SBS can use the CCS eSourcing Suite for future procurements. If you have not yet registered on the eSourcing Suite, this can be done online at https://gpsesourcing.cabinetoffice.gov.uk by following the link 'Register for CCS eSourcing'. Please note that, to register, you must have a valid DUNS number (as provided by Dun and Bradstreet) for the organisation which you are registering, who will be entering into a contract if invited to do so. Once you have registered on the eSourcing Suite, a registered user can express an interest for a specific procurement. This is done by emailing Expressionofinterest@crowncommercial.gov.uk. Your email must clearly state: the name and reference for the procurement you wish to register for; the name of the registered Bidder; and the name and contact details for the registered individual sending the email. Crown Commercial Service will process the email and then enable the Bidder to access the procurement online via the e-Sourcing Suite. The registered user will receive a notification email to alert them once this has been done. The Sourcing documents can then be accessed on the eSourcing Suite at: https://gpsesourcing.cabinetoffice.gov.uk using the instructions detailed in the Specification documents within Contracts Finder. As a user of the e-Sourcing Suite you will have access to Emptoris email messaging service which facilitates all messages sent to you and from you in relation to any specific RFX event. Please note it is your responsibility to access these emails on a regular basis to ensure you have sight of all relevant information. For technical assistance on use of the e-Sourcing Suite please contact Crown Commercial Service Helpdesk : Telephone: 0345 010 3503 Training documents to support Bidders utilise Emptoris CCS eSourcing are available in the Contracts Finder Tender documents section.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6c7036d6-adca-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/81161738-d4a9-462f-91e4-f322e003c29d
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66171000 - Financial consultancy services

79210000 - Accounting and auditing services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£33,250 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
30 Nov 20169 years ago
Submission Deadline
18 Nov 2016Expired
Future Notice Date
Not specified
Award Date
25 Nov 20169 years ago
Contract Period
30 Nov 2016 - 31 Mar 2017 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
UK SHARED BUSINESS SERVICES LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWINDON
Postcode
SN1 1FF
Post Town
Swindon
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK71 Swindon
Delivery Location
Not specified
Local Authority
Swindon
Electoral Ward
Central
Westminster Constituency
Swindon South

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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