Award

Independent Audit completed by an RO participant following Enforcement Investigation

OFGEM

This public procurement record has 1 release in its history.

Award

15 Apr 2025 at 16:45

Award Notice
Summary of the contracting process

Ofgem has concluded the award stage for its "Independent Audit completed by an RO participant following Enforcement Investigation" contract, classified under internal audit services. This procurement falls within the auditing industry category and covers multiple regions, including the United Kingdom, London, British Overseas Territories, Channel Islands, Europe, Isle of Man, and the rest of the world. The open procedure tender began on April 1, 2023, and closed on January 1, 2025. The contract period started on April 7, 2025, and will end on March 31, 2027. Key deadlines included the announcement of the award on April 15, 2025, and the contract start date of April 7, 2025.

This tender provides significant opportunities for businesses specialising in audit and compliance services, particularly those capable of analysing and reviewing processes and data obtained from enforcement investigations. SMEs are encouraged to compete, as the tender is suited to them. Ernst & Young LLP was awarded the contract valued at £330,000. Business growth can be achieved through participation in such government contracts, which offer visibility and expansion into diverse regions. Firms with expertise in auditing services, including internal audits and compliance reviews, stand to benefit the most.

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Notice Information

Notice Title

Independent Audit completed by an RO participant following Enforcement Investigation

Notice Description

Support in assessing the processes undertaken and outputs achieved from an independent audit that will be undertaken by a participant following an enforcement investigation. This will include an analysis of an audit review of data covering the period 1 April 2023 to 31 March 2024.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ba307e57-21fa-40a8-a41a-4846a731b01e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c93aed6b-a55f-4174-be7a-3d75a247344e
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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79212000 - Auditing services

79212200 - Internal audit services

Notice Value(s)

Tender Value
£330,000 £100K-£500K
Lots Value
Not specified
Awards Value
£330,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
15 Apr 202510 months ago
Submission Deadline
1 Jan 2025Expired
Future Notice Date
Not specified
Award Date
6 Apr 202510 months ago
Contract Period
6 Apr 2025 - 31 Mar 2027 1-2 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
OFGEM
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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