Award

external audit

POST OFFICE

This public procurement record has 1 release in its history.

Award

02 Feb 2025 at 16:57

Award Notice
Summary of the contracting process

The Post Office has completed a procurement process for the provision of external audit services. This tender, classified under "Auditing services" (CPV 79212000), utilised a selective procurement method with a restricted procedure above the threshold. The procurement process culminated in the awarding of the contract on 1st April 2024, with the contract period starting on 21st May 2024 and ending on 20th May 2030. The location for delivery is within the United Kingdom, and the total contract value is £10,000,000. The Post Office, based at 100 Wood Street, London, EC2V 7ER, served as the buying organisation.

This tender provides a substantial opportunity for business growth, especially for large firms experienced in providing auditing services to large organisations such as state agencies or enterprises. Small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) might find it less suitable given the scale and specialised requirements of the contract. Successful bidders can look forward to a significant revenue stream over the six-year contract period. The awarded contract went to PRICEWATERHOUSECOOPERS LLP, a large firm located at 1 Embankment Place, London WC2N 6RH, underscoring the need for substantial expertise and capacity in delivering such services.

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Notice Information

Notice Title

external audit

Notice Description

External audit

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d0b0da82-9228-4992-b342-0d3acb010cc1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a79458ad-2c9d-4d92-8881-30df1a3acbbe
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted 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
£10,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£10,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
2 Feb 20251 years ago
Submission Deadline
1 Apr 2024Expired
Future Notice Date
Not specified
Award Date
31 Mar 20242 years ago
Contract Period
20 May 2024 - 20 May 2030 Over 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
POST 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
EC2V 7ER
Post Town
Central 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
City of London
Electoral Ward
Bassishaw
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)

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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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