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Provision of TECH 05/20 AAF Service Auditor

National Employment Savings Trust (NEST)

This public procurement record has 2 releases in its history.

Award

03 Aug 2021 at 22:45

Award Notice
Tender

05 Feb 2021 at 22:56

Tender Notice
Summary of the contracting process

The National Employment Savings Trust (NEST) is seeking a supplier for the "Provision of TECH 05/20 AAF Service Auditor" contract, focused on auditing services within the UK. The contract aims to provide the annual audit of a type-2 assurance report as per the Tech AAF 05/20 framework, ensuring compliance with regulatory requirements. This tender is at the Award stage, with an active contract awarded to Grant Thornton UK LLP, valued at £250,000, which was signed on 29 July 2021. The tender process followed an open procurement method, allowing broad participation.

This procurement presents opportunities for registered audit or accountancy firms, especially those with experience in providing assurance reports. Businesses within this sector can leverage their expertise to fulfil the requirements, which includes adhering to regulatory standards as well as demonstrating quality in proposals and presentations during the tender evaluation process. The duration of the contract and its potential for renewal offer a stable opportunity for the successful supplier, encouraging firms to compete by showcasing their capabilities in the auditing industry.

How relevant is this notice?

Notice Information

Notice Title

Provision of TECH 05/20 AAF Service Auditor

Notice Description

A contract to provide the annual audit of a type-2 assurance report, in accordance with the Tech AAF 05/20 framework, to be delivered in line with Regulatory requirements and the Master Trust supervisory return submission which falls due three months within the scheme year-end.

Lot Information

Lot 1

Nest sought proposals from suppliers to provide the annual audit of a type-2 assurance report, in accordance with the Tech AAF 05/20 framework, to be delivered in line with Regulatory requirements and the Master Trust supervisory return submission which falls due three months within the scheme year-end.

Renewal: Three year contract with the option to extend for up to 24 months (2 lots of 12 months each) i.e. 36 months + 12 +12. Contract twill be re-tendered when it expires.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0290e0
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/018686-2021
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

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
£375,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£250,000 £100K-£500K

Notice Dates

Publication Date
3 Aug 20215 years ago
Submission Deadline
9 Mar 2021Expired
Future Notice Date
Not specified
Award Date
29 Jul 20215 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
National Employment Savings Trust (NEST)
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
E14 4PU
Postcode Area
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
TLI4 Inner London - East
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

Grant Thornton UK LLP

Further Information

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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