Award

GB-Sheffield: Audit Assurance Service

BRITISH BUSINESS BANK

This public procurement record has 1 release in its history.

Award

11 Dec 2020 at 18:50

Summary of the contracting process

The British Business Bank has successfully awarded a contract for the "Audit Assurance Service" based in Sheffield, within the Yorkshire and the Humber region. This procurement falls under the financial auditing services category and has a total value of £73,424. The award marks the completion of the tender process, which was initiated on 11th December 2020. The contract period spans from 11th December 2020 to 31st March 2023, with the tender period closing on 17th November 2020. The procurement method details have not been specified, and the contract was directly awarded to BDO LLP to ensure the selection of a supplier without conflict of interest.

This opportunity presents significant potential for businesses in the auditing and financial services sector, particularly those offering tailored advisory services or compliance support. Companies that specialise in providing independent oversight and audit advisory services would be particularly well-suited to compete in similar future tenders, given the British Business Bank's emphasis on quality and conflict-free auditing processes. Establishing a relationship with potential buyers like the British Business Bank can foster further business growth in this specialised domain.

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Notice Title

GB-Sheffield: Audit Assurance Service

Notice Description

To provide consistent, confidential, reliable and independent oversight of the Lcndcr participating in the Schemes going forward (the "schemes Audit Advisory Services"). Additional information: Direct Award in line with BBB procedures due to need to select and appoint a supplier without a conflict for the audit processes required. This provided sufficient rationale to award in this manner in line with own internal rules.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-980772a7-89f2-4699-ba2f-7e682330f32b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9bbd415c-2d4a-4207-b5b1-53626fe2f940
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
Not specified
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
£73,424 Under £100K
Lots Value
Not specified
Awards Value
£73,424 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Dec 20205 years ago
Submission Deadline
17 Nov 2020Expired
Future Notice Date
Not specified
Award Date
17 Nov 20205 years ago
Contract Period
11 Dec 2020 - 31 Mar 2023 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
BRITISH BUSINESS BANK
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SHEFFIELD
Postcode
S3 8NH
Post Town
Sheffield
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
TLE Yorkshire and The Humber

Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

BDO

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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