Award

Audit Substantive Testing Data Automation Tool

NATIONAL AUDIT OFFICE

This public procurement record has 1 release in its history.

Award

04 Dec 2024 at 15:45

Summary of the contracting process

The National Audit Office (NAO) has awarded a contract for the "Audit Substantive Testing Data Automation Tool" in the financial auditing services industry category. This open procurement process concluded on 2nd December 2024, with the award notice published on 4th December 2024. The contract, valued at £660,000, will commence on 8th December 2024 and continue until 1st December 2027. The contract will cover both substantive testing and financial statement procedures. This procurement stage is marked as complete, with the successful bidder being DataSnipper B.V., located in Amsterdam, Netherlands. The deliverables for this project will be applicable across various regions, including the British Overseas Territories, Channel Islands, Europe, the Isle of Man, the UK, and globally.

This tender offers significant opportunities for growth, particularly for businesses specialising in financial audit software solutions and automation tools. It is especially well-suited for Small to Medium-sized Enterprises (SMEs) looking to make inroads into public sector auditing solutions. By implementing this advanced audit automation tool, businesses can enhance their capabilities and potentially secure further contracts with the government or other public sector organisations. The nature of the work, spanning substantial geographical regions, ensures extensive exposure and operational scope, benefiting enterprises aiming to expand their market presence both domestically and internationally.

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Notice Title

Audit Substantive Testing Data Automation Tool

Notice Description

The National Audit Office (NAO) has awarded a contract for the provision of a software solution to assist with automating our audit testing and documentation process, covering two use-cases within financial audit: 1.Substantive testing - Test of detail/Test of control automation 2.Financial Statement procedures The estimated total value in this notice excludes VAT and is for the duration of the maximum contract term (1+1+1).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a2efdb62-a433-4f59-9ba7-9845046bd026
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/50158317-1a38-444a-a076-b498b84b9bd4
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
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
£660,000 £500K-£1M
Lots Value
Not specified
Awards Value
£660,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
4 Dec 20241 years ago
Submission Deadline
2 Dec 2024Expired
Future Notice Date
Not specified
Award Date
2 Dec 20241 years ago
Contract Period
8 Dec 2024 - 1 Dec 2027 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
NATIONAL AUDIT OFFICE
Contact Name
Not specified
Contact Email
nao.procurement@nao.org.uk
Contact Phone
+442077987372

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

DATASNIPPER

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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