Award

Re-Advertisement: CORP - External Auditor for Lancashire and London Pensions Partnership

LANCASHIRE COUNTY COUNCIL

This public procurement record has 2 releases in its history.

Award

09 Mar 2017 at 08:55

Award Notice
Tender

18 Nov 2016 at 20:16

Tender Notice
Summary of the contracting process

The procurement process involves Lancashire County Council seeking an External Auditor for the Lancashire and London Pension Partnership (LLPP). This re-advertised tender is classified under accounting, auditing, and fiscal services and was published on 27 August 2015, with the tender period closing on 11 September 2015. The contract is valued at £150,000 and runs from 1 April 2016 to 30 September 2019, with operations taking place in the North West of England. The procurement method used is an open procedure.

This opportunity provides significant potential for businesses in the accounting and auditing sector, particularly small and medium enterprises (SMEs) alongside voluntary, community, and social enterprises (VCSEs). Companies with expertise in external auditing or those capable of managing the complexities of pension fund audits would be ideally suited to compete for this contract. Engaging with this tender not only allows for financial growth but also enhances reputation by partnering with established public sector entities.

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Notice Information

Notice Title

Re-Advertisement: CORP - External Auditor for Lancashire and London Pensions Partnership

Notice Description

Lancashire and London Pension Partnership (LLPP). The Lancashire County Pension Fund (LCPF) and the London Pensions Fund Authority (LPFA) have agreed to create an Asset and Liability Management Partnership (ALM) which will involve creating a pool of investment assets in excess of PS10bn together with an "end to end" Pension Services Organisation which will provide services related to the management of the two funds through a company structure part of which will be regulated by the Financial Conduct Authority (FCA). There is an ambition to grow the Assets under Management to PS40bn and to grow the number of scheme members looked after by the administration business beyond the c 0.5m served by the two current organisations following the securing of the continuation of existing third party business. Following approval through the appropriate governance structures the two funds are now proceeding to create the LLPP's formal structures, including the appointment of independent Non-Executive Directors and an Independent Chair, and submit applications for regulatory approval to the FCA. The process is being driven to an ambitious timetable in order to maintain momentum with the aim of the LLPP formally launching on 1 April 2016. Lancashire County Council (as administering authority of LCPF) and LPFA require an External Auditor to provide the external audit of the financial statements for the LLPP and its associated entities, each having a financial year ending on 31 March (2016/2017, 2017/2018, 2018/2019). Additional information: Please note: This is a re-advertisement (previous RFQ - 5772280).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b7c72a78-adc8-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e1f2cd68-1a1b-430c-8b82-ea8c923ff7ce
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
9 Mar 20178 years ago
Submission Deadline
11 Sep 2015Expired
Future Notice Date
Not specified
Award Date
10 Sep 201510 years ago
Contract Period
31 Mar 2016 - 30 Sep 2019 3-4 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
LANCASHIRE COUNTY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
PRESTON
Postcode
PR1 8XJ
Post Town
Preston
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD4 Lancashire
Small Region (ITL 3)
TLD45 Mid Lancashire
Delivery Location
TLD North West (England)
Local Authority
Preston
Electoral Ward
City Centre
Westminster Constituency
Preston

Supplier Information

Number of Suppliers
1
Supplier Name

NOT AWARDED BY LCC - TRANSFERRED TO MANAGEMENT OF LPP

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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