Award

AQR Annual Inspection 2024-25 Audits

NATIONAL AUDIT OFFICE

This public procurement record has 1 release in its history.

Award

07 Nov 2025 at 14:08

Summary of the contracting process

The National Audit Office (NAO), based in London, has completed the procurement process for the "AQR Annual Inspection 2024-25 Audits" with an award dated 31st October 2025. This tender focused on financial auditing services was valued at £330,000 inclusive of VAT. The procurement adopted a direct method characterised by a single tender action below the threshold. The contract, intended to span one year from 31st October 2025 to 30th October 2026, was awarded to the Financial Reporting Council. This process falls under the financial auditing services category, with NAO as the buyer located at Buckingham Palace Road, and the service delivery scheduled for the same London postcode, SW1W 9SP.

This tender presents unique growth opportunities for businesses specialising in financial auditing services. Considering the single tender action employed, companies with established reputation and capability in the financial sector, particularly those adaptable to the public sector's high standards, would find opportunities to engage in more such contracts. Small and medium enterprises (SMEs) could especially benefit from aligning their offerings with such high-value audits as pursued by NAO, presenting them a platform to demonstrate expertise in a prominent regulatory environment.

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Notice Title

AQR Annual Inspection 2024-25 Audits

Notice Description

The Financial Reporting Council's (FRC) Inspection of NAO Audits for the 2024-25 audit cycle. The contract will run for 1 year from the 31st October 2025 until the 30th October 2026. The estimated contract value will be PS330,000 (Inc. VAT).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bf53cad0-6980-42d8-9fb0-eeda3f668c5b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d14cb77d-ebb7-488f-8744-c0efca5dda49
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
SME

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

Notice Dates

Publication Date
7 Nov 20253 months ago
Submission Deadline
30 Sep 2025Expired
Future Notice Date
Not specified
Award Date
31 Oct 20253 months ago
Contract Period
31 Oct 2025 - 30 Oct 2026 6-12 months
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
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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

FINANCIAL REPORTING COUNCIL

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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