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The Provision of External Audit Services for the City of London

The Mayor and Commonalty and Citizens of the City of London

This public procurement record has 3 releases in its history.

Tender

10 Jun 2021 at 22:45

Tender Notice
TenderUpdate

07 Apr 2021 at 22:56

Tender Notice
Planning

05 Mar 2021 at 22:56

Planning Notice
Summary of the contracting process

The City of London Corporation is conducting an open tender for the provision of External Audit Services, valued at £1,672,000 over a contract term of three years, with the possibility of a one-year extension. Interested suppliers must register on the electronic tendering system 'CapitaleSourcing' by 12:00 on 12 July 2021, with submissions required in written format. This procurement is part of an active procurement stage, and the successful contractor will be appointed to audit the City’s financial statements and certify various grant claims.

This tender presents significant opportunities for audit firms looking to expand their business within the public sector. Companies specialising in auditing services, particularly those experienced in handling the varied requirements of local authorities, charities, and private entities, would be well-suited to compete. Participation in this tender not only allows firms to secure a substantial contract but also to establish a long-term collaborative relationship with a unique organisation that operates across multiple sectors.

How relevant is this notice?

Notice Information

Notice Title

The Provision of External Audit Services for the City of London

Notice Description

The City of London Corporation (the City) is undertaking a 1 stage procurement process in relation to the provision of External Audit Services (the 'Service'). The Service relates to the appointment of an auditor to audit and independently examine the City's various financial statements and to carry out certification of various grant claims and returns. Further information for this opportunity can be found in II.2.4) Description of the procurement field (of this notice).

Lot Information

Lot 1

The City of London Corporation (the City) invites Tenders for the provision of External Audit Services. The City is a unique organisation which operates across the public (local authority), private and charitable sectors and requires an audit firm with the capability and capacity to meet the external audit requirements across all its entities. The Service relates to the appointment of an auditor to audit and independently examine the City's various financial statements and to carry out certification of various grant claims and returns. The number of financial statements and the level of certification work required may increase or decrease during the life of the contract. Where applicable, the City will adopt the level of audit review required for its Sundry Trusts in line with Charities Act 2011 financial thresholds. It will therefore adopt full audits, Independent Examinations (IE) and or no audit review where required. This procurement will be a one (1) stage Open procedure. The description of the requirements for the External Audit Services are set out in the procurement documents, particularly the specification -- available from: https://www.capitalesourcing.com The duration of the contract is three (3) years, with the option to extend up to one (1) further year. The Contract is intended to commence 30th September 2021. The estimated total value of the contract is also stated in II.1.5) and II.2.6) of this notice and is for the entire duration, i.e. including the optional extensions. Organisations should be aware that due to the contract value (of the Service), any contract formed as a result of this procurement process shall be executed as a deed. Organisations should seek independent legal advice on the implications of this prior to submitting their tender, where appropriate.

Options: The duration of the contract will be three (3) years, with the option to extend up to one (1) further year.

Renewal: This will be upon expiry of the contract, subject to contractor performance and internal approvals

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02991f
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/013125-2021
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
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

79212300 - Statutory audit services

Notice Value(s)

Tender Value
£1,672,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 Jun 20215 years ago
Submission Deadline
12 Jul 2021Expired
Future Notice Date
14 May 2021Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
The Mayor and Commonalty and Citizens of the City of London
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
EC2P 2EJ
Postcode Area
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI London
Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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