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Financial Audit and Assurance Services Contract

NATIONAL AUDIT OFFICE

This public procurement record has 1 release in its history.

Tender

14 Jul 2026 at 15:20

Tender Notice
Summary of the contracting process

The procurement process initiated by the National Audit Office involves the contract for "Financial Audit and Assurance Services." This initiative is categorised under "Accounting, auditing and fiscal services" and covers a wide geographical scope, including British Oversea Territories, Channel Islands, Europe, the Isle of Man, and the United Kingdom, with a focus on the fiscal services industry sector. The procurement method employed is an open procedure, aiming to ensure transparency and competition. Key dates to note include the contract period from 2nd August 2021 to 31st July 2026, with this notice dated 14th July 2026. The procurement stage is currently active and has been modified to extend the contract value by £9.6 million to provide continuity in services.

This tender represents a significant opportunity for businesses with expertise in actuarial and pensions audit services, particularly those capable of handling the complexities of public sector pension schemes. The National Audit Office seeks to partner with firms that can maintain high standards of audit planning and delivery without incurring duplication of costs. Small and medium-sized enterprises (SMEs) are encouraged to compete, highlighting opportunities for growth, especially for those with established credentials in fiscal and statutory audit services. This contract is well-suited for businesses looking to expand their portfolio within the public sector audit field while contributing to the integrity and scrutiny of government fiscal policy.

How relevant is this notice?

Notice Information

Notice Title

Financial Audit and Assurance Services Contract

Notice Description

Modification Notice Original description: This Lot includes a number of Pension bodies. The pensions bodies are some of the most significant public sector pension schemes which would be suited to suppliers with actuarial and pensions audit expertise. Pension schemes are the biggest liability in the Whole of Government Account and are therefore under a significant level of scrutiny as to their valuation when informing overall government fiscal policy. The Pension Protection Fund is a statutory public corporation who are responsible for protecting people with an eligible defined benefit pension when an employer becomes insolvent. Description of the modifications The Financial Audit and Assurance Services contracts awarded under procurement reference GEN_20_22 have been modified to increase the overall contract value by PS9.6 million and extend the existing arrangements. The modification ensures continuity of audit and assurance services and supports the National Audit Office in meeting its statutory responsibilities. The nature, scope and objectives of the contracts remain unchanged. Description of the economic or technical reasons and the inconvenience or duplication of cost preventing a change of contractor: Additional audit and assurance services are required from the original contractors to ensure continuity of statutory audit delivery. Changing contractors at this stage would cause significant inconvenience, duplication of costs and disruption to audit planning, delivery and quality assurance. The modification does not alter the overall nature of the contracts and the increase remains below 50% of the original contract value.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-99ea7ae7-696d-4fb5-950b-87204235bd43
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c74a5003-95f3-4012-8726-f20a414fa138
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
£39,009,747 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
14 Jul 2026Yesterday
Submission Deadline
22 Feb 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Aug 2021 - 31 Jul 2026 4-5 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

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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