Award

Water Services Regulation Authority 2019-21 Grant Thornton

NATIONAL AUDIT OFFICE

This public procurement record has 1 release in its history.

Award

09 Dec 2019 at 11:39

Award Notice
Summary of the contracting process

The procurement process involves the National Audit Office, which has awarded a contract titled "Water Services Regulation Authority 2019-21 Grant Thornton." This contract falls under the industry category of financial auditing services and is located in London, England. The procurement method used was selective and was conducted as a call-off from a framework agreement. The tender was initiated on 1st November 2019 and will run until 31st October 2021, with a total contract value of £120,000. The procurement stage is complete, with the award announced on 23rd October 2019.

This contract presents significant opportunities for businesses, particularly those specialising in audit and financial services. Small and medium-sized enterprises (SMEs) may find this tender particularly accessible, as the procurement is open to firms capable of delivering outsourced audits aligned with the National Audit Office's requirements. Competitors should ideally have experience in conducting ISA-compliant audits and familiarity with the auditing standards expected in the public sector, making this a valuable opportunity for audit firms looking to expand their portfolio within the public procurement space.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Water Services Regulation Authority 2019-21 Grant Thornton

Notice Description

Outsourced audit of Water Services Regulation Authority 2019-20 and 2020-21; full financial statements audits. Completion of fully ISA compliant audits and provision of shadow audit opinions for the C&AG on the Water Services Regulation Authority 2019-20 and 2010-21 financial statements, to include a regularity audit and shadow regularity opinion. Audit in accordance with NAO outsourcing framework, provision of shadow audit opinions and regularity opinions. Completion of planning, interim and final fieldwork and audit completion by Parliamentary Recess in July 2020 and July 2021. Reporting to the following Audit and Risk Committees: Audit Planning Report 2019/20 ARAC date 2/12/19 Interim Findings - 2019/20 ARAC date 20/2/20 Audit Completion Report 2019/20 ARAC date 10/6/20 Audit Planning Report 2020/21 ARAC date 7/12/20 Interim Findings 2020/21 ARAC date - TBC - similar dates expected as above Audit Completion Report 2020/21 - ARAC Date TBC - similar dates expected as above

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6d72d7b7-f564-40e9-b6fd-2ad13fe110ac
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/48af7547-5b8a-410c-a6d1-719645bd7b50
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£120,000 £100K-£500K
Lots Value
Not specified
Awards Value
£120,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
9 Dec 20196 years ago
Submission Deadline
1 Oct 2019Expired
Future Notice Date
Not specified
Award Date
22 Oct 20196 years ago
Contract Period
1 Nov 2019 - 31 Oct 2021 2-3 years
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
NATIONAL AUDIT OFFICE
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
SW1W 9SP
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
Pimlico North
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

GRANT THORNTON

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-6d72d7b7-f564-40e9-b6fd-2ad13fe110ac-2019-12-09T11:39:47Z",
    "date": "2019-12-09T11:39:47Z",
    "ocid": "ocds-b5fd17-6d72d7b7-f564-40e9-b6fd-2ad13fe110ac",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "C-1368",
        "title": "Water Services Regulation Authority 2019-21 Grant Thornton",
        "description": "Outsourced audit of Water Services Regulation Authority 2019-20 and 2020-21; full financial statements audits. Completion of fully ISA compliant audits and provision of shadow audit opinions for the C&AG on the Water Services Regulation Authority 2019-20 and 2010-21 financial statements, to include a regularity audit and shadow regularity opinion. Audit in accordance with NAO outsourcing framework, provision of shadow audit opinions and regularity opinions. Completion of planning, interim and final fieldwork and audit completion by Parliamentary Recess in July 2020 and July 2021. Reporting to the following Audit and Risk Committees: Audit Planning Report 2019/20 ARAC date 2/12/19 Interim Findings - 2019/20 ARAC date 20/2/20 Audit Completion Report 2019/20 ARAC date 10/6/20 Audit Planning Report 2020/21 ARAC date 7/12/20 Interim Findings 2020/21 ARAC date - TBC - similar dates expected as above Audit Completion Report 2020/21 - ARAC Date TBC - similar dates expected as above",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "79212100",
            "description": "Financial auditing services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "SW1W 9SP"
                    }
                ]
            }
        ],
        "value": {
            "amount": 120000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Call-off from a framework agreement",
        "tenderPeriod": {
            "endDate": "2019-10-01T23:59:59+01:00"
        },
        "contractPeriod": {
            "startDate": "2019-11-01T00:00:00Z",
            "endDate": "2021-10-31T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/sBN45ywB",
            "name": "National Audit Office",
            "identifier": {
                "legalName": "National Audit Office",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/sBN45ywB"
            },
            "address": {
                "streetAddress": "157-197 Buckingham Palace Road",
                "locality": "LONDON",
                "postalCode": "SW1W9SP",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Tania Khan",
                "email": "mary.zembylas@nao.org.uk",
                "telephone": "02077987000"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-02917818",
            "name": "GRANT THORNTON LIMITED",
            "identifier": {
                "legalName": "GRANT THORNTON LIMITED",
                "scheme": "GB-COH",
                "id": "02917818"
            },
            "address": {
                "streetAddress": "30 Finsbury Square EC2A 1AG GB"
            },
            "details": {
                "scale": "sme",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/sBN45ywB",
        "name": "National Audit Office"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-6d72d7b7-f564-40e9-b6fd-2ad13fe110ac-1",
            "status": "active",
            "date": "2019-10-23T00:00:00+01:00",
            "datePublished": "2019-12-09T11:39:47Z",
            "value": {
                "amount": 120000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-02917818",
                    "name": "GRANT THORNTON LIMITED"
                }
            ],
            "contractPeriod": {
                "startDate": "2019-11-01T00:00:00Z",
                "endDate": "2021-10-31T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/48af7547-5b8a-410c-a6d1-719645bd7b50",
                    "datePublished": "2019-12-09T11:39:47Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}