Award

UK Asset Resolution 2018-19

NATIONAL AUDIT OFFICE

This public procurement record has 1 release in its history.

Award

25 Feb 2019 at 16:17

Summary of the contracting process

The procurement process titled "UK Asset Resolution 2018-19" is conducted by the National Audit Office, focusing on the industry of financial auditing services. The procurement was initiated on 25th February 2019, with the tender period ending on 1st April 2019. This contract, valued at £15,600, involves the engagement of Grant Thornton UK LLP as the supplier to provide expert assurance on the valuation of the defined benefit pension schemes. The contract period is set from 1st May 2019 to 1st June 2019, and it follows a selective procurement method through a call-off from a framework agreement.

This tender offers significant opportunities for growth, especially for firms specialising in financial auditing and advisory services. Companies with expertise in pension scheme evaluations and a proven track record in similar assurance services will be well-positioned to compete for such contracts. Additionally, larger firms like Grant Thornton UK LLP may find it advantageous to collaborate with smaller local consultancies to strengthen their bids and enhance service delivery.

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Notice Title

UK Asset Resolution 2018-19

Notice Description

Engagement of GT to act as an auditor's expert to provide assurance on the valuation of the B&B and NRAM defined benefit pension schemes. The schemes are due a triennial valuation during the year and we expect the schemes to transfer to UKAR during the year too.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cde77b11-ec1c-4b78-923b-7865fcb2d405
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/be49ad4e-238f-47fa-8a6d-c58717fede38
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
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
£15,600 Under £100K
Lots Value
Not specified
Awards Value
£15,600 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Feb 20197 years ago
Submission Deadline
1 Apr 2019Expired
Future Notice Date
Not specified
Award Date
13 Feb 20197 years ago
Contract Period
30 Apr 2019 - 1 Jun 2019 1-6 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

GRANT THORNTON

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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