Award

Financial Audit Frameworks 2019 Bundle 1 Pensions

NATIONAL AUDIT OFFICE

This public procurement record has 1 release in its history.

Award

21 Oct 2019 at 11:55

Award Notice
Summary of the contracting process

The National Audit Office has completed a procurement process for the "Financial Audit Frameworks 2019 Bundle 1 Pensions" contract, primarily focused on financial auditing services. This service contract, valued at £900,840, encompasses the audit of various pension funds for the 2019-20 and 2020-21 financial years, requiring outputs such as audit planning reports and certificates. The tender period concluded on 24 September 2019, and the contract runs from 30 September 2019 to 29 September 2021. This selective procurement process was conducted through a call-off from a framework agreement and took place in London.

This tender represents a significant opportunity for large auditing firms and professional services companies equipped to provide comprehensive financial audit services. Businesses capable of delivering nuanced and compliant audit outputs in accordance with the National Audit Office standards would be particularly well-suited to engage in similar procurement activities. By participating in such tenders, firms can strengthen their market position and expand their client base within the public sector, particularly in serving governmental and pension-related entities.

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Notice Information

Notice Title

Financial Audit Frameworks 2019 Bundle 1 Pensions

Notice Description

urther details provided within ITT document. Financial statements audits of the following bodies for 2019-20 and 2020-21: - Parliamentary Contributory Pension Fund - Royal Mail Statutory Pension Scheme - Research Councils Pension Scheme - Pension Protection Fund - Local Government and Social Care Ombudsman For each audit cycle, and for each of the accounts the following outputs are required; * Audit Planning Report; * ISA-compliant audit; * Shadow audit certificate; * Audit Completion Report and Management Letter; and * Attendance at audit committees. Client-facing documents and shadow audit certificates should be prepared using the relevant NAO standard template, which the NAO contact will provide, unless otherwise agreed with the NAO.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-872b2599-238b-435b-adb8-6f39438c0bf2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3b696799-dba6-4e34-94ae-8c96321e548b
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
Not specified
Awardee Scale
Large

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
£900,840 £500K-£1M
Lots Value
Not specified
Awards Value
£900,840 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
21 Oct 20196 years ago
Submission Deadline
24 Sep 2019Expired
Future Notice Date
Not specified
Award Date
26 Sep 20196 years ago
Contract Period
29 Sep 2019 - 29 Sep 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

DELOITTE (CAMBRIDGE

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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