Award

Internal Audit Provider

SOUTH STAFFORDSHIRE COLLEGE

This public procurement record has 2 releases in its history.

Award

11 Apr 2025 at 12:39

Tender

05 Nov 2024 at 13:33

Summary of the contracting process

South Staffordshire College (the College) sought a service provider to deliver an internal audit service, aimed at conducting an independent appraisal of the College's activities, financial systems, and management controls. Classified under CPV code 79212200 for internal audit services, this procurement process was conducted via direct procurement method. The contract, valued at £70,000, was awarded to TIAA Ltd on 11th April 2025. The service will cover the period from 1st August 2025 to 31st July 2028. The procurement was primarily directed towards SMEs and based in the West Midlands, UK, with the tender document initially published on 5th November 2024 and tender submissions closed by 19th December 2024.

This tender represents a significant opportunity for small to medium-sized enterprises, particularly those specialising in financial and management auditing services, to expand their portfolio by working with a respected educational institution. Companies that can provide comprehensive audit services and assure robust financial and control systems would be well-positioned to compete. The contract guarantees a steady flow of work for three years and offers the potential to forge a long-term relationship with the College, enhancing the supplier's reputation and experience in the public sector.

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Notice Title

Internal Audit Provider

Notice Description

South Staffordshire College ("the College") requires a Service Provider to provide an internal audit service to conduct independent appraisal of the College's activities, its financial systems and management controls. The Internal Audit Service provided by the successful Service Provider will be responsible for providing assurance to the College's Governing Body on all financial and related control arrangements, including business risk management. As part of its function, the Service Provider will evaluate and report to management on the effectiveness of the systems and controls for which management are responsible. Tender Document available on the College Website:- https://www.southstaffs.ac.uk/tenders/internal-audit-provider-2024011/

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e3042e56-46d6-4b9a-9745-234cbf7bff50
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/04adf053-0995-4a05-94c3-11bd27f35575
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME
Awardee Scale
SME

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
£70,000 Under £100K
Lots Value
Not specified
Awards Value
£50,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Apr 202510 months ago
Submission Deadline
19 Dec 2024Expired
Future Notice Date
Not specified
Award Date
10 Apr 202510 months ago
Contract Period
31 Jul 2025 - 31 Jul 2028 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SOUTH STAFFORDSHIRE COLLEGE
Contact Name
Sharon Spencer-Smith
Contact Email
sharon.spencer-smith@southstaffs.ac.uk
Contact Phone
0300 456 2424

Buyer Location

Locality
PENKRIDGE
Postcode
ST19 5PH
Post Town
Stoke-on-Trent
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG2 Shropshire and Staffordshire
Small Region (ITL 3)
TLG24 Staffordshire CC
Delivery Location
TLG West Midlands (England)

Local Authority
South Staffordshire
Electoral Ward
Penkridge South & Gailey
Westminster Constituency
Stone, Great Wyrley and Penkridge

Supplier Information

Number of Suppliers
1
Supplier Name

TIAA

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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