Tender

Internal Audit Support - No Interest Loan Scheme

FAIR4ALL FINANCE LIMITED

This public procurement record has 1 release in its history.

Tender

22 Dec 2021 at 15:24

Tender Notice
Summary of the contracting process

Fair4All Finance Limited is currently seeking a provider for the "Internal Audit Support - No Interest Loan Scheme," with a focus on ensuring compliance with various funding agreements related to the No Interest Loans Scheme (NILS). This tender is classified under internal audit services, which falls within the broader services category. The procurement process is in the Tender stage and was published on 22nd December 2021. The deadline for bids is set for 21st January 2022, and the contract period is expected to commence on 18th February 2022, lasting until 31st January 2027. The services will be delivered across multiple locations in England, Wales, Northern Ireland, and Scotland.

This tender presents a significant opportunity for small and medium-sized enterprises (SMEs) with expertise in internal audit services. Businesses that specialise in financial compliance and auditing would be particularly well-positioned to compete in this process, given the multifaceted funding arrangements involving HM Treasury and potential co-funders. Winning this contract not only facilitates business growth through sustained service provision but also allows SMEs to establish long-term relationships with a notable organisation like Fair4All Finance, enhancing their market credibility.

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Notice Information

Notice Title

Internal Audit Support - No Interest Loan Scheme

Notice Description

Fair4All Finance is seeking a provider to deliver internal audit support to ensure that our delivery of the No Interest Loans Scheme (NILS) is compliant with the various funding agreements we enter into to finance the scheme. In addition it's expected that this supplier will support us on other ad-hoc internal audit required within Fair4All Finance. Our requirement for this work arises out of the multi-party funding arrangements for NILS, the principal contributor to which is HM Treasury and where contributions are also expected from the Devolved Administrations, and, potentially, from other co-funders. We have commenced a market engagement on our plans for NILS ahead of formally procuring this scheme from November 2021 with lending commencing in approximately September 2022 across six locations in England (three) and one in Wales, Northern Ireland and Scotland.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f1b2c38c-081e-4fce-8981-0008d434c6c8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/80bc6f24-8c62-4bf4-a9e3-e51175e25d34
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 (above threshold)
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

79212200 - Internal audit services

Notice Value(s)

Tender Value
£153,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
22 Dec 20214 years ago
Submission Deadline
21 Jan 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
18 Feb 2022 - 31 Jan 2027 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
FAIR4ALL FINANCE 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
E1 6LS
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Spitalfields & Banglatown
Westminster Constituency
Bethnal Green and Stepney

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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