Award

Indpendent assurance

POST OFFICE LIMITED

This public procurement record has 1 release in its history.

Award

27 Jul 2024 at 18:11

Summary of the contracting process

Post Office Limited has completed the procurement process titled "Independent assurance," fitting within the financial consultancy and clearing-house services industry. The contract, valued at £96,000 GBP, aims to provide independent assurance on the design and operation of the internal controls of the Bank of England Note Circulation Scheme. The procurement was conducted through a direct method under a single tender action (below threshold), and the contract period is scheduled from 8 April 2024 to 31 July 2024. PricewaterhouseCoopers LLP was awarded the contract on 7 April 2024.

This tender offers significant business growth opportunities for companies in the financial consultancy sector, particularly those experienced in internal control assurance for large organisations. Despite being a direct procurement method, the nature of the service and the prestige of working with Post Office Limited and the Bank of England can enhance a firm's market credibility. Large enterprises like PricewaterhouseCoopers LLP are well-suited for such contracts due to the extensive expertise required.

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Notice Title

Indpendent assurance

Notice Description

Independent assurance on the design and operation of the internal controls of Post Office Limited in respect of the Bank of England Note Circulation Scheme.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e4531e36-dbb0-4fcd-a413-914af3ac5059
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4782358d-cd9b-437a-b026-86c98b8dce37
Current Stage
Award
All Stages
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£96,000 Under £100K
Lots Value
Not specified
Awards Value
£96,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jul 20241 years ago
Submission Deadline
2 Apr 2024Expired
Future Notice Date
Not specified
Award Date
6 Apr 20241 years ago
Contract Period
7 Apr 2024 - 31 Jul 2024 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
POST OFFICE LIMITED
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)

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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