Award

External Audit Services

LONDON SCHOOL OF HYGIENE & TROPICAL MEDICINE

This public procurement record has 1 release in its history.

Award

09 Oct 2024 at 14:08

Award Notice
Summary of the contracting process

The London School of Hygiene & Tropical Medicine (LSHTM) has awarded a contract for External Audit Services to BDO LLP. This procurement falls under the Financial and Insurance Services category, specifically focusing on Auditing Services and Financial Auditing Services. The contract, valued at £701,700, is set to commence on 8 August 2024 and run until 8 August 2026. The service will be based in London, United Kingdom. Key dates include the tender period ending on 22 March 2024 and the contract starting on 31 May 2024. The procurement was conducted using an open procedure and is suitable for SMEs.

This tender offers opportunities for businesses specialising in financial auditing and external audit services, particularly those familiar with higher education institutions' requirements for statutory compliance and the Office for Students' guidance. SMEs will find this tender particularly appealing due to its suitability criteria, and the four-year contract duration provides a stable and significant project timeline. Businesses with experience in handling audits for subsidiaries and complex financial structures are well-suited to compete and leverage this opportunity for growth.

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Notice Information

Notice Title

External Audit Services

Notice Description

We are looking to appoint a supplier to provide External Audit Services in accordance with the Companies Act and relevant professional standards. We are seeking to put in place a new contract for four years, commencing in May 2024. As a higher education institution, we are required to carry out external audit of our financial statements for statutory compliance purposes. In addition to this we are also required to provide audited annual financial statements to our regulator, the Office for Students. The scope of service includes audit of the school's financial statements and the subsidiary company financial statements, together known as 'the Group'. There are a total of four subsidiary companies, of which three require an audit. Three subsidiaries are wholly owned UK subsidiaries (Chariot Innovations Limited, LSHTM Developments Limited and Sustainable Climate Impact Fund Limited). The fourth subsidiary is a non-trading Ugandan entity which is consolidated but does not require separate financial statements.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cd4f4421-82b5-45cc-936a-46b208cee48e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f38e3183-0148-4fec-a46e-6df89c4800e2
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

CPV Codes

66000000 - Financial and insurance services

79212000 - Auditing services

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£701,700 £500K-£1M
Lots Value
Not specified
Awards Value
£701,700 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
9 Oct 20241 years ago
Submission Deadline
22 Mar 2024Expired
Future Notice Date
Not specified
Award Date
7 Aug 20241 years ago
Contract Period
7 Aug 2024 - 8 Aug 2026 2-3 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
LONDON SCHOOL OF HYGIENE & TROPICAL MEDICINE
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
WC1E 7HT
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
TLI London
Local Authority
Camden
Electoral Ward
Bloomsbury
Westminster Constituency
Holborn and St Pancras

Supplier Information

Number of Suppliers
1
Supplier Name

BDO

Further Information

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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