Tender

Financial audit and assurance services

NATIONAL AUDIT OFFICE

This public procurement record has 1 release in its history.

Tender

02 Mar 2021 at 16:00

Tender Notice
Summary of the contracting process

The National Audit Office (NAO), located in Victoria, UK, has initiated a tender process for "Financial audit and assurance services" under the open procurement method. This opportunity is classified as part of the accounting, auditing, and fiscal services industry, with a total contract value of £40,120,000. The tender period ends on 13 April 2021, while the contract period is set to commence on 1 August 2021 and will run until 31 July 2026. The NAO is seeking firms that can partner with them to deliver high-quality audits, essential for enhancing public service accountability.

This tender presents significant growth opportunities for businesses, particularly those with expertise in financial auditing and assurance services. Small and medium-sized enterprises (SMEs) are encouraged to participate, as the NAO aims to collaborate with firms that can meet rigorous quality standards while supporting effective financial management for public bodies. Potential bidders should have a strong track record in audits, additional services, or training and development in this highly regulated sector.

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Notice Information

Notice Title

Financial audit and assurance services

Notice Description

The National Audit Office (NAO) is the UK's independent public spending watchdog. We support Parliament in holding government to account and we help to improve public services through our high-quality audits. The NAO's Financial Audit Contract is a fundamental part of being able to carry out our purpose and achieve our objectives. We are looking for firms who we can work in partnership with to ensure the delivery of high-quality audits which support effective accountability and lead to better financial reporting and financial management by public bodies. Our contract is divided into 11 Lots which all contain named audits as well as additional services and training and development. The NAO's Comptroller and Auditor General (C&AG) retains overall responsibility for signing the audit opinion and issuing the audit certificate. The NAO will work with supplier firms to ensure audit engagements are carried out in line with the relevant standards and quality expectations.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-78713982-b681-43e5-8dc4-f676d26a9dcd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e93c5814-87f8-451c-99fe-6db304cd1f69
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

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
£40,120,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
2 Mar 20214 years ago
Submission Deadline
13 Apr 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Jul 2021 - 31 Jul 2026 Over 5 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
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
VICTORIA
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

Further Information

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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