Tender

Internal Audit services for Falmouth University

FALMOUTH EXETER PLUS

This public procurement record has 1 release in its history.

Tender

23 Jan 2019 at 13:59

Summary of the contracting process

The procurement process involves Falmouth Exeter Plus, a higher education corporation, seeking internal audit services for Falmouth University and its joint venture, Falmouth Exeter Plus. Titled "Internal Audit services for Falmouth University," this tender is classified under internal audit services (CPV code 79212200). The procurement is currently at the Tender stage, with the deadline for tender submissions set for 29th March 2019. The contract is intended to commence on 1st August 2019 and will last for three years, with an optional two-year extension. The location of service delivery is the South West region of the United Kingdom, with an expected contract value of £150,000.

This tender presents significant business growth opportunities, particularly for firms specialising in internal audit services. Businesses with a background in governance, risk management, and internal controls will be well-suited to compete. Additionally, small and medium-sized enterprises (SMEs) are encouraged to participate, given their eligibility for this contract. Engaging in this process can help successful bidders establish a strong relationship with a reputable educational institution and enhance their service portfolio in the public sector.

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Notice Title

Internal Audit services for Falmouth University

Notice Description

The successful tenderer shall enter into a contractual relationship with both Falmouth University and Falmouth Exeter Plus for the provision of internal audit services. Falmouth University is a Higher Education Corporation incorporated under the Further and Higher Education Act 1992. Under its governing document and conditions of funding, it is required to 'have a suitably resourced internal audit function which must comply with the professional standards of the Chartered Institute of Internal Auditors'. This tender seeks to procure those services. At the same time, internal audit services for the University's joint venture company, Falmouth Exeter Plus, are also being procured. Falmouth Exeter Plus is a company jointly owned with the University of Exeter and is a company limited by guarantee. The successful provider will assist the University in ensuring a robust governance environment through a systematic, disciplined and balanced approach to the evaluation of the effectiveness of the financial and internal controls, risk management and other governance processes, recognising that these should be proportionate to the scale and nature of the University's business. The contract will commence on 1st August 2019 and will operate for a period of three years in the first instance with an option, exercisable by the University, to extend the contract by agreement for a further two year period. The successful bidder will be required to present a draft three year audit strategy and draft annual audit plan covering 2019/20 to the University Audit Committee in April 2019. Additional information: ITT made available to Bidders Wednesday 23rd January 2019 Date by which Bidders will need to submit clarifications (if raised) Friday 22nd March 2019 at 12.00pm Mid-day Deadline for receipt of Tender Friday 29th March 2019 at 12.00pm mid-day Shortlisted Bidders Notified W/C 08th April 2019 Presentation Stage Thursday 25th April 2019 Preferred Bidders chosen (subject to contract) W/C 27th May 2019

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c4156ab4-737a-4c0f-ae13-0e6192be3482
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/38781580-8e7e-4ee5-a393-30117f67589c
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
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

79212200 - Internal audit 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
23 Jan 20197 years ago
Submission Deadline
29 Mar 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
2 Jun 2019 - 3 Jun 2022 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
FALMOUTH EXETER PLUS
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
PENRYN
Postcode
TR10 9FE
Post Town
Truro
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK3 Cornwall and Isles of Scilly
Small Region (ITL 3)
TLK30 Cornwall and Isles of Scilly
Delivery Location
TLK South West (England)

Local Authority
Cornwall
Electoral Ward
Constantine, Mabe & Mawnan
Westminster Constituency
Camborne and Redruth

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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