Tender

External Audit Services 2024

UNIVERSITY OF CHESTER

This public procurement record has 1 release in its history.

Tender

03 Oct 2024 at 13:29

Tender Notice
Summary of the contracting process

The University of Chester has awarded a contract for "External Audit Services 2024" to Grant Thornton UK LLP. This tender fell under the UK Open Procedure aligned with the Public Contracts Regulations 2015 and amendments post-Brexit. The contract spans five years, starting from 1st January 2025, with options to extend for up to two additional 12-month periods, concluding on 31st December 2031. Located in Chester, North West England, this project is classified under the CPV code 79212000 for auditing services. The procurement stage was at "Award" with relevant deadlines including the tender period ending on 4th November 2024 and the award date on 13th December 2024. The awarded value was £900,000, which includes potential extension periods.

This awarded contract presents significant growth opportunities for businesses specialising in auditing services. With an estimated value of up to £900,000, the engagement involves reporting on financial statements and compliance with terms from the Office for Students, UK Research and Innovation, and other educational bodies. Small and medium-sized enterprises (SMEs) as well as voluntary, community, and social enterprises (VCSEs) were particularly encouraged to tender, highlighting inclusivity in the procurement process. Businesses proficient in compliance with audit standards, ethical and quality service orientation, and comprehensive reporting are well-suited to such opportunities, ensuring potential for long-term partnerships and service continuation.

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Notice Information

Notice Title

External Audit Services 2024

Notice Description

The University of Chester is seeking tenders through the UK Open Procedure under the Public Contracts Regulations 2015 and The Public Procurement (Amendment etc.) (EU Exit) Regulations 2020 to appoint an external audit service provider for a period of 5 years with an option to extend for up to two further periods of 12 months each, subject to satisfactory performance and the University's needs. The primary role of external auditors will be to report on the financial statements of the University of Chester and its subsidiary companies, and to carry out whatever examination of the statements and underlying records and control systems is necessary to reach an opinion on the statements. You will be required to report to the University Council by means of a management letter. University financial statements and management letter are submitted to the Office for Students by the end of December following the 31st July year end. They are scrutinised by the Audit and Risk Management Committee in mid-November and approved by University Council at the end of November. The on-site work final audit usually takes place during mid-September to mid-October, with interim audit being arranged earlier in the financial year. You will also be required to report on whether funds provided by the Office for Students, UK Research and Innovation (including Research England), the Education and Skills Funding Agency and the Department for Education have been applied in accordance with the relevant terms and conditions; and the financial statements meet the requirements of the Accounts Direction. The appointed provider will be required to: (a) operate in accordance with published audit and accounting standards; (b) meet professional, ethical and quality standards in completing its work; (c) comply with terms of reference approved by the Audit and Risk Management Committee, (d) provide suitably qualified and experienced staff; (e) endeavour to promote continuity of staffing; (f) ensure that the staff employed will receive appropriate ongoing training; (g) set out proposals for liaison with other auditors. The successful tenderer must be able to demonstrate they can provide a comprehensive service which will satisfy the University's requirement for an External Audit Service, as set out by the Office for Students or UK Research and Innovation (UKRI). Further details are available in the tender documents which are available from our In-Tend site: https://in-tendhost.co.uk/universityofchester (https://intendhost. co.uk/universityofchester). Please note the estimated total value includes the optional extension periods. Additional information: Please note that where you may have previously registered with In-Tend, it will be necessary for you to ensure that your registration does include being registered to see opportunities for University of Chester. Registration for this site is free for suppliers. There is also Help/Guidance on how to use the supplier site on the 'Help' section at: https://intendhost.co.uk/universityofchester/aspx/Help

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f350383b-2a74-4d15-a1f9-a77919dda46e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/58afd7e4-a0dc-4eb7-8282-8d13c35a1a10
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, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79212000 - Auditing services

Notice Value(s)

Tender Value
£800,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Oct 20241 years ago
Submission Deadline
4 Nov 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Jan 2025 - 31 Dec 2031 Over 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
UNIVERSITY OF CHESTER
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CHESTER
Postcode
CH1 4BJ
Post Town
Chester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD6 Cheshire
Small Region (ITL 3)
TLD63 Cheshire West and Chester
Delivery Location
TLD North West (England)
Local Authority
Cheshire West and Chester
Electoral Ward
Chester City & the Garden Quarter
Westminster Constituency
Chester North and Neston

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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