Award

FA D&A - Data Analysts for AIMS related data projects

NATIONAL AUDIT OFFICE

This public procurement record has 1 release in its history.

Award

25 Apr 2022 at 15:06

Award Notice
Summary of the contracting process

The National Audit Office (NAO) is seeking bids for the contract titled "FA D&A - Data Analysts for AIMS related data projects." This procurement, classified under analytical, scientific, mathematical, or forecasting software packages, is located in London, with a contract period running from 13 December 2021 to 12 June 2022. The procurement process was initiated through a selective method as a call-off from a framework agreement. Interested suppliers needed to submit their tenders by the deadline of 12 November 2021. The total value of the contract is £99,600, with a minimum threshold of £83,000.

This tender presents a valuable opportunity for small to medium-sized enterprises (SMEs) specialising in data analytics and financial auditing support services. Businesses that excel in providing analytical solutions and have experience in working with government organisations may find this procurement particularly advantageous. The contract aims to establish a dedicated team of data analysts to assist financial audit teams with the implementation of data and analytics tools, thus fostering the growth of firms capable of providing such expertise.

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Notice Information

Notice Title

FA D&A - Data Analysts for AIMS related data projects

Notice Description

The use of data and analytics (D&A) is now a core part of the way the National Audit Office (NAO) do their financial audits. Specifically, the use of the journals data analytic tools is now mandated in how financial audit teams ("FA Teams") should do the audit of journals. The mandated approach to testing journals now involve FA Teams loading (general ledger) data onto the NAO's data platform (called AIMS - Audit Information Management System) and then using the in house journal analytics to identify high risk journal that then need to be individually tested. There are some technical challenges in using this D&A approach to journals testing and FA Team need support and training in adopting this mandated approach. For the 2020/2021 audit season a temporary team was created of D&A Specialists to support financial audit teams with the use of AIMS and the journals analytics tools. This team was disbanded in mid-2021. As such, at the current time, we do not have a dedicated team of D&A specialists to support financial audit teams through the 2021/2022 audit season. A request for a permanent team has been made as part of the 2022/2023 Operational Planning process, but even if this request is approved the team will not be in place until mid-2022 at the earliest. Until this permanent team of D&A specialists is in place we need to find an alternative resourcing plan for the 2021/2022 audit season. The requirement is for a small team of D&A Specialists who can provide support to the FA Teams with obtaining general ledger data, uploading that data to the AIMS platform, processing that data through the journal analytics tool, and then interpreting the output.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e602a69e-e64f-4a34-b7d1-fa13bc57f2cf
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0ce4f295-bae8-4c1f-ab4e-47f2f4846d21
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48460000 - Analytical, scientific, mathematical or forecasting software package

Notice Value(s)

Tender Value
£99,600 Under £100K
Lots Value
Not specified
Awards Value
£99,600 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Apr 20223 years ago
Submission Deadline
12 Nov 2021Expired
Future Notice Date
Not specified
Award Date
11 Nov 20214 years ago
Contract Period
13 Dec 2021 - 12 Jun 2022 6-12 months
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
NATIONAL AUDIT OFFICE
Contact Name
Tania Khan
Contact Email
nao.procurement@nao.org.uk
Contact Phone
02077987000

Buyer Location

Locality
LONDON
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

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG

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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