Award

External Audit Contract 23/24

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

29 Oct 2024 at 17:02

Award Notice
Summary of the contracting process

The Bank of England, located in London, has awarded an External Audit Contract for the fiscal year 23/24 to KPMG LLP. This contract falls under the auditing services category (CPV code 79212000) and pertains to the final year of KPMG's audit of the Bank, as well as supporting the transition to a new auditor. The contract was awarded through a direct award procurement method, and key dates include the contract start date of 28th February 2023 and the end date of 30th June 2024. The total contract value is £1,651,200.

This tender presents significant opportunities for businesses in the auditing and financial services sectors, particularly those looking to engage with large scale and high-profile clients like the Bank of England. Large auditing firms with relevant experience and the capacity to handle substantial contracts would be well-suited to such opportunities. The completion of this contract facilitates business growth for KPMG LLP, highlighting the potential for similar firms to secure and manage extensive auditing contracts in the future.

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Notice Information

Notice Title

External Audit Contract 23/24

Notice Description

To cover fees for KPMG's final year of auditing the Bank and to support the transition to the new Bank Auditor.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8b62e854-5fa0-440f-b509-03380b48d5ad
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2eb09f1e-55d0-4c19-911b-7a8fc6664600
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Direct Award
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

79212000 - Auditing services

Notice Value(s)

Tender Value
£1,651,200 £1M-£10M
Lots Value
Not specified
Awards Value
£1,651,200 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
29 Oct 20241 years ago
Submission Deadline
1 Dec 2022Expired
Future Notice Date
Not specified
Award Date
28 Feb 20232 years ago
Contract Period
28 Feb 2023 - 30 Jun 2024 1-2 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
BANK OF ENGLAND
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
EC2R 8AH
Post Town
Central 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
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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