Tender

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Financial Audit and Assurance Services Contract

NATIONAL AUDIT OFFICE

This public procurement record has 1 release in its history.

Tender

14 Jul 2026 at 14:40

Tender Notice
Summary of the contracting process

The National Audit Office, operating from Victoria, UK, is seeking to extend its Financial Audit and Assurance Services Contract under an open procedure. The contract, initially established under reference GEN_20_22, is actively being modified to ensure the continuity of services required by the Crown Estate. This extension involves an increase in the contract value by £9.6 million, without exceeding 50% of the original value, and is crucial for meeting the National Audit Office’s statutory obligations through continuous audit and assurance services. This procurement falls under the services category, specifically targeting accounting, auditing, and fiscal services within various regions, including the British Overseas Territories, Channel Islands, Europe, Isle of Man, and more globally, with key operations continuing until 31st July 2026.

This procurement opportunity is well-suited for businesses specialising in accounting and auditing services, especially those with expertise in auditing complex valuations under IFRS 9. The modification notice highlights a need for businesses that can provide seamless services without disruption, making it particularly advantageous for well-established firms that are already integrated within larger auditing networks and familiar with international financial regulations. Given the scale and scope of the project, small and medium enterprises with relevant qualifications and a strategic approach to valuation in retail and environmental sectors could find significant opportunities for growth and visibility by collaborating with the Crown Estate through this contract.

How relevant is this notice?

Notice Information

Notice Title

Financial Audit and Assurance Services Contract

Notice Description

Modification Notice Original description: The Crown Estate is one of our most high profile clients with a varied portfolio of investment and development of lands and holdings to generate revenue for HM Treasury. For British Film Institute (BFI), they carry out a diverse range of activities to meet its charitable objects. Expertise in valuation of investment property in the retail and environment sectors, and expertise in auditing complex valuations accounted for under IFRS 9. Description of the modifications The Financial Audit and Assurance Services contracts awarded under procurement reference GEN_20_22 have been modified to increase the overall contract value by PS9.6 million and extend the existing arrangements. The modification ensures continuity of audit and assurance services and supports the National Audit Office in meeting its statutory responsibilities. The nature, scope and objectives of the contracts remain unchanged. Description of the economic or technical reasons and the inconvenience or duplication of cost preventing a change of contractor: Additional audit and assurance services are required from the original contractors to ensure continuity of statutory audit delivery. Changing contractors at this stage would cause significant inconvenience, duplication of costs and disruption to audit planning, delivery and quality assurance. The modification does not alter the overall nature of the contracts and the increase remains below 50% of the original contract value.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e099b156-0edf-487e-b15a-1a955f246a5c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/06757f07-9871-4867-80d7-e7c4c7a8216c
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
£39,009,747 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
14 Jul 2026Yesterday
Submission Deadline
22 Feb 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Aug 2021 - 31 Jul 2026 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

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
VICTORIA
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

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-e099b156-0edf-487e-b15a-1a955f246a5c-2026-07-14T15:40:09+01:00",
    "date": "2026-07-14T15:40:09+01:00",
    "ocid": "ocds-b5fd17-e099b156-0edf-487e-b15a-1a955f246a5c",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "BIP1049450225",
        "title": "Financial Audit and Assurance Services Contract",
        "description": "Modification Notice Original description: The Crown Estate is one of our most high profile clients with a varied portfolio of investment and development of lands and holdings to generate revenue for HM Treasury. For British Film Institute (BFI), they carry out a diverse range of activities to meet its charitable objects. Expertise in valuation of investment property in the retail and environment sectors, and expertise in auditing complex valuations accounted for under IFRS 9. Description of the modifications The Financial Audit and Assurance Services contracts awarded under procurement reference GEN_20_22 have been modified to increase the overall contract value by PS9.6 million and extend the existing arrangements. The modification ensures continuity of audit and assurance services and supports the National Audit Office in meeting its statutory responsibilities. The nature, scope and objectives of the contracts remain unchanged. Description of the economic or technical reasons and the inconvenience or duplication of cost preventing a change of contractor: Additional audit and assurance services are required from the original contractors to ensure continuity of statutory audit delivery. Changing contractors at this stage would cause significant inconvenience, duplication of costs and disruption to audit planning, delivery and quality assurance. The modification does not alter the overall nature of the contracts and the increase remains below 50% of the original contract value.",
        "datePublished": "2026-07-14T15:40:09+01:00",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "79200000",
            "description": "Accounting, auditing and fiscal services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "countryName": "British Oversea Territories"
                    },
                    {
                        "countryName": "Channel Islands"
                    },
                    {
                        "countryName": "Europe"
                    },
                    {
                        "countryName": "Isle of Man"
                    },
                    {
                        "countryName": "Rest of the World"
                    },
                    {
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 39009747.8,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2021-02-22T00:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2021-08-02T00:00:00+01:00",
            "endDate": "2026-07-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/06757f07-9871-4867-80d7-e7c4c7a8216c",
                "datePublished": "2026-07-14T15:40:09+01:00",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "tenderNotice",
                "description": "Please follow this link to view the notice.",
                "url": "https://www.delta-esourcing.com/delta/respondToList.html?noticeId=1049450225"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-CFS-41050",
            "name": "National Audit Office",
            "identifier": {
                "legalName": "National Audit Office"
            },
            "address": {
                "streetAddress": "157-197 Buckingham Palace Road",
                "locality": "Victoria",
                "postalCode": "SW1W 9SP",
                "countryName": "UK"
            },
            "contactPoint": {
                "email": "nao.procurement@nao.org.uk",
                "telephone": "+442077987000"
            },
            "roles": [
                "buyer"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-41050",
        "name": "National Audit Office"
    }
}