Award

External Audit Services

COVENTRY UNIVERSITY

This public procurement record has 1 release in its history.

Award

29 Jul 2024 at 15:26

Award Notice
Summary of the contracting process

This procurement process involves Coventry University, seeking external audit services for itself and its UK-based subsidiaries. The tender, titled "External Audit Services", falls under the auditing services industry category, with the CPV classification code 79212000. The auditing contract location is based in Coventry (CV1 5FB). This process has gone through various procurement stages, with the award phase completed. The contracting period for this tender is set from 1st June 2024 to 30th May 2029, and the tender submission deadline was 16th August 2023. Coventry University employed an open procedure procurement method for this above-threshold tender, resulting in a contract value of £2,589,875 GBP. The award was published on 29th July 2024.

Securing a contract with established institutions like Coventry University can present significant business growth opportunities, notably for firms specialising in auditing services. The contract's considerable duration and value make it especially lucrative. However, given the nature and scale of the procurement, large auditing firms like BDO LLP, which won the contract, are well-positioned to compete. This tender may not be suitable for SMEs or VCSEs, as indicated by the procurement's specific suitability requirements. Overall, businesses with robust capabilities in statutory audits and a track record of handling extensive contracts will find such opportunities most favourable.

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Notice Information

Notice Title

External Audit Services

Notice Description

Appointment of External auditors to complete the statutory audits of Coventry University and its UK based subsidiaries.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c668bebd-cc04-408f-af75-9cee9d820a23
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ee727b57-d856-47d3-bc09-f801026b163b
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

79212000 - Auditing services

Notice Value(s)

Tender Value
£2,589,875 £1M-£10M
Lots Value
Not specified
Awards Value
£2,589,875 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jul 20241 years ago
Submission Deadline
16 Aug 2023Expired
Future Notice Date
Not specified
Award Date
13 Jun 20241 years ago
Contract Period
31 May 2024 - 30 May 2029 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
COVENTRY UNIVERSITY
Contact Name
Not specified
Contact Email
bux280@coventry.ac.uk
Contact Phone
Not specified

Buyer Location

Locality
COVENTRY
Postcode
CV1 5FB
Post Town
Coventry
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG33 Coventry
Delivery Location
Not specified
Local Authority
Coventry
Electoral Ward
St Michael's
Westminster Constituency
Coventry South

Supplier Information

Number of Suppliers
1
Supplier Name

BDO

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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