Award

Appointment of Internal Audit Services

THE NATIONAL MUSEUM OF THE ROYAL NAVY

This public procurement record has 3 releases in its history.

Award

29 Jul 2024 at 13:59

Award Notice
TenderAmendment

29 Nov 2023 at 14:12

Tender Notice
Tender

30 Oct 2023 at 14:48

Tender Notice
Summary of the contracting process

The National Museum of the Royal Navy, acting in partnership with the National Museums of the Army and Royal Air Force, has awarded a contract for internal audit services to Azets Technology Solutions Limited. This open procedure, above the threshold, sought a supplier capable of delivering a comprehensive risk-based internal audit service adhering to Public Sector Internal Audit Standards. The service will cover locations in London and the South East of the United Kingdom, with a contract value of £276,000. The procurement stage is complete, with the contract period running from 1 April 2024 to 1 April 2027. Critical dates include the tender period's end on 11 December 2023 and the contract's award date on 19 January 2024.

This tender creates substantial opportunities for business growth, particularly for companies specialising in internal audit services that align with the public sector standards. Firms capable of providing strategic value and ensuring compliance with policies, laws, and regulations are well-suited to compete. This opportunity is particularly beneficial for SMEs, offering them a chance to expand their portfolio and establish long-term partnerships with prestigious institutions such as the National Museums. The requirement for a flexible, responsive audit plan will favour businesses that can adapt to changing risks and external influences while ensuring efficient use of resources and safeguarding assets.

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Notice Information

Notice Title

Appointment of Internal Audit Services

Notice Description

This tender will be jointly awarded by the National Museums of the Army, Royal Air Force and Royal Navy, the latter is leading this tender process. The overall objective is to select a Supplier that gives high confidence of delivering the expected benefits to be derived from the Services on time, on budget and to the required quality. The National Museums requires suppliers that are partners to their businesses by adding strategic value and giving assurance in delivering the agreed outcomes in support of the National Museums' strategies. The successful Supplier is required to deliver a comprehensive risk-based internal audit service to each of the National Museums that meets the Public Sector Internal Audit Standards, delivering an objective, independent appraisal of activities, including the governance structure and all levels of management. The Supplier will be expected to: Work with the Service Leads and Audit Committees to develop rolling three-year risk-based internal audit strategies and plans which outline the programme of work for each National Museum. This must be flexible to reflect business risks and respond to key external and internal influences. The internal audit plans will include an evaluation of the arrangements in place to: * Establish and monitor the achievement of organisational objectives; * Identify, test and evaluate key systems and controls ensuring they are relevant, appropriate and effective; * Identify, assess and manage risks; * Assess compliance with policies, laws and regulations; * Ascertain the integrity and reliability of financial and other information provided to the management and stakeholders; and * Ascertain that systems of control are laid down and operate to promote the economic, efficient and effective use of resources and to safeguard assets. Full specifications can be found in Annex A of the ITT Documentation. Clarification Questions for Responses must be sent to the NMRN Tenders Inbox at tenders@nmrn.org.uk UPDATED- Deadline extended to 11th December 2023 after request was granted by the NMRN.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-deb83f94-2198-4253-a8a2-fb79b77059dd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/cc8eea90-2015-4b8c-8cf5-96f066d0a2cb
Current Stage
Award
All Stages
Tender, 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
SME
Awardee Scale
Large

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
£276,000 £100K-£500K
Lots Value
Not specified
Awards Value
£213,675 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jul 20241 years ago
Submission Deadline
11 Dec 2023Expired
Future Notice Date
Not specified
Award Date
19 Jan 20242 years ago
Contract Period
31 Mar 2024 - 1 Apr 2029 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
THE NATIONAL MUSEUM OF THE ROYAL NAVY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
PORTSMOUTH
Postcode
PO1 3NH
Post Town
Portsmouth
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ31 Portsmouth
Delivery Location
TLI London, TLJ South East (England)
Local Authority
Portsmouth
Electoral Ward
Charles Dickens
Westminster Constituency
Portsmouth South

Supplier Information

Number of Suppliers
1
Supplier Name

AZETS TECHNOLOGY SOLUTIONS

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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