Award

Internal Audit

UNIVERSITY OF SOUTHAMPTON

This public procurement record has 1 release in its history.

Award

25 Jul 2024 at 13:40

Award Notice
Summary of the contracting process

The University of Southampton has concluded the tender process for the provision of internal audit services, under its procurement ID 2022UoS-0448. This procurement falls within the services category, specifically classified under internal audit services (CPV 79212200). The contract has been awarded to KPMG Audit PLC, covering all areas of the University group to deliver independent assurance on financial and related control arrangements, including risk management, data assurance, and value for money delivery. The contract period runs from 31 July 2024 to 30 July 2027, with the financial value of the contract standing at £519,630.76 GBP. The procurement was conducted using a selective method, involving a call-off from a framework agreement.

For businesses specialising in internal auditing, especially SMEs and VCSEs, this tender represents a significant opportunity to showcase their expertise in risk management, governance, and data assurance within the higher education sector. The University of Southampton’s focus on comprehensive internal control and value for money makes this an ideal contract for firms that excel in delivering rigorous audit services and strategic insights. Businesses that can offer extensive experience in the academic sector will particularly benefit from engaging in such high-value and impactful work.

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Notice Information

Notice Title

Internal Audit

Notice Description

The University of Southampton is inviting tenders for the provision of internal audit services. The successful firm will take up its appointment on 1 August 2024 in respect of the financial year ending 31 July 2025. The appointment will be made in accordance with the terms and conditions of funding for higher education institutions between the Office for Students.[1] The internal audit service provided by the successful Supplier will deliver independent assurance to the University on all financial and related control arrangements, including risk management, data assurance and value for money delivery. All areas of the University group are to be covered. The Supplier will evaluate and annually report to management on the adequacy and effectiveness of the University arrangements for: Risk management, control and governance Economy, efficiency and effectiveness (VFM) The management and quality assurance of data

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a6f597d5-4e15-4345-847a-e93b60711268
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5776a08a-a90d-458a-8ace-b139bc817035
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
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79212200 - Internal audit services

Notice Value(s)

Tender Value
£519,630 £500K-£1M
Lots Value
Not specified
Awards Value
£519,630 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
25 Jul 20241 years ago
Submission Deadline
8 Mar 2024Expired
Future Notice Date
Not specified
Award Date
17 Jul 20241 years ago
Contract Period
30 Jul 2024 - 30 Jul 2027 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
UNIVERSITY OF SOUTHAMPTON
Contact Name
Rosie Pringle
Contact Email
procurement@soton.ac.uk
Contact Phone
Not specified

Buyer Location

Locality
SOUTHAMPTON
Postcode
SO17 1BJ
Post Town
Southampton
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ32 Southampton
Delivery Location
Not specified
Local Authority
Southampton
Electoral Ward
Portswood
Westminster Constituency
Southampton Test

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG AUDIT

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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