Award

GEN_22_104 Financial Instruments

NATIONAL AUDIT OFFICE

This public procurement record has 3 releases in its history.

AwardUpdate

05 Feb 2026 at 14:19

Award Notice
AwardUpdate

19 Mar 2025 at 14:52

Award Notice
Award

17 Apr 2023 at 11:25

Award Notice
Summary of the contracting process

The National Audit Office, located in London, England, has finalised the award for a procurement process titled "GEN_22_104 Financial Instruments" under the industry category of financial auditing services. This process was initiated as an open procedure and culminated in a contract valued at £3.2 million, spread over a four-year period, including two potential 12-month extensions. PricewaterhouseCoopers LLP has been awarded a place on this Financial Instrument Framework to offer specialist advice, training, and expertise supporting the National Audit Office’s audit sector. The framework has recently been extended by an additional year, from 1st April 2026 to 31st March 2027.

This tender provides substantial opportunities for firms specialising in financial services, particularly those offering financial auditing services, to gain a significant contract with a leading government body. While the award has been made to a large-scale business, other similar enterprises could find opportunities in supplying auxiliary or complementary services due to the scale and extended timeline of the framework. Such projects offer substantial exposure and potential for growth within the public sector, enabling successful bidders to strengthen their portfolio and expand their network within governmental financial services.

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Notice Information

Notice Title

GEN_22_104 Financial Instruments

Notice Description

The National Audit Office has awarded a place to multiple suppliers onto a Financial Instrument Framework to provide Financial Instrument Services for the provision of specialist advice, training and expertise to support the NAO audits sector. The selected supplier now has a place on the Framework which has the contract value of PS3.2m including VAT (PS800k per annum) over a period of four years including 2, 12-month extensions. As of January 2026, the framework has been extended by 12 months from Wednesday 1st April 2026 to Wednesday 31st March 2027.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c286d2d1-2083-441a-b04f-36d61217f0fb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3387e7a7-2279-4e79-a543-35dbf677ab07
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 (above threshold)
Tender Suitability
Not specified
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
£3,200,000 £1M-£10M
Lots Value
Not specified
Awards Value
£3,200,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
5 Feb 20262 weeks ago
Submission Deadline
19 Dec 2022Expired
Future Notice Date
Not specified
Award Date
25 Jan 20233 years ago
Contract Period
31 Mar 2023 - 31 Mar 2027 4-5 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
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

PRICEWATERHOUSECOOPERS

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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