Tender

359 - External Audit Services

UNIVERSITY OF LINCOLN

This public procurement record has 1 release in its history.

Tender

16 Feb 2022 at 10:55

Tender Notice
Summary of the contracting process

The University of Lincoln is currently seeking external audit services through an open tender process. This procurement is categorised under financial auditing services (CPV code: 79212100) and involves a contract with a total value of £500,000. The contract is set to commence in July 2022 and will last for three years, with the possibility of extension for up to two additional years. Bids for this tender must be submitted by 11:00 AM on 23rd March 2022, with the auditing services required to include statutory audits and compliance check reports for specific financial returns.

This tender presents valuable opportunities for businesses specialising in financial auditing services, particularly those with expertise in the higher education sector. Consultancy firms and auditors capable of delivering comprehensive statutory audit reports and financial compliance assessments would be well-suited to respond. Firms that also possess experience working with governmental financial standards, such as those relevant to US federal loans and pension schemes, can leverage this opportunity to expand their portfolio and foster growth within the education sector.

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Notice Information

Notice Title

359 - External Audit Services

Notice Description

The University is seeking to appoint External auditors who have in-depth knowledge and experience of the Higher Education (HE) Sector. The Contract will run for a period of 3 years commencing c. July 2022. There will be an option for the University to extend the Contract by two further periods of 12 months until June 2027. The services are to include: * Provision of a statutory audit of the Group financial statements initially for year ending 31 July 2022, in accordance with applicable auditing standards. * Produce Audit findings report for Senior Management, the Governing Body and the Office for Students (OfS). * Identify process and control improvements and make recommendations to Senior Management. * Audit and sign-off of the US Federal Loan Return in accordance with US Department of Education requirements. * Audit and sign-off of the Teacher's Pension Scheme (TPS) return in accordance with TPS requirements. * Audit and sign-off of financial covenant calculations.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-710513a7-84cd-456c-ad03-ec148ea680a5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5cfe64a8-f7b1-4757-83cd-4a08fc2ca2e5
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
Not specified
Awardee Scale
Not specified

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

Notice Dates

Publication Date
16 Feb 20224 years ago
Submission Deadline
23 Mar 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Jun 2022 - 30 Jun 2025 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
UNIVERSITY OF LINCOLN
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LINCOLN
Postcode
LN6 7TS
Post Town
Lincoln
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF3 Lincolnshire
Small Region (ITL 3)
TLF30 Lincolnshire CC
Delivery Location
TLF East Midlands (England)
Local Authority
Lincoln
Electoral Ward
Boultham
Westminster Constituency
Lincoln

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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