Tender

Financial Audit Services

SOUTH EAST WATER LIMITED

This public procurement record has 1 release in its history.

Planning

09 Apr 2021 at 16:21

Planning Notice
Summary of the contracting process

South East Water Limited is currently seeking expressions of interest for a tender titled "Financial Audit Services," aimed at providing independent external financial auditor services. This procurement falls under the statutory audit services category within the water industry and is based in Snodland, Kent, UK. The current procurement stage is planning, with the tender deadline for submissions set for 10 May 2021. The contract is anticipated to have an initial duration of five years, commencing in August 2021, and may be extended for another three years, allowing for a maximum term of eight years. Interested firms need to comply with specific independence requirements as stipulated by UK law and the Financial Reporting Council.

This tender presents a significant opportunity for audit firms with experience in financial auditing, particularly those with a track record in the water sector and who meet the 'international standing' criteria. Businesses that specialise in providing statutory audit services and possess knowledge of regulatory auditing, especially in line with Ofwat's guidance, will find this tender particularly relevant. Firms are encouraged to demonstrate their suitability by submitting a pre-qualification questionnaire to the procurement contact, Mike Moores, via the provided email address.

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Notice Information

Notice Title

Financial Audit Services

Notice Description

South East Water is seeking expressions of interest in its forthcoming tender exercise from suitably experienced and qualified audit firms for the provision of independent external financial auditor services, with an initial contract of 5 years and the option to extend up to a further 3 years starting August 2021. The aim of this tender is to appoint an external audit firm to provide an independent audit opinion on the individual and consolidated financial statements of the HDF group of companies. The group comprises 11 companies, including the UK parent company, two trading companies and two overseas registered companies used to raise finance for other group companies. The appointment of the new auditor to the group must be in compliance with the independence requirements of UK law and the Ethical Standards published by the Financial Reporting Council. The appointment must also be in line with the requirements of the group's senior loan documentation covenants, which prescribe that the auditor must be a firm of "international standing". As well as the independent audit of the financial statements, this tender also includes the audit of appointed water company regulatory accounts in accordance with ISAs (UK), applicable law and ICAEW guidance on "Reporting to Regulators on Regulated Accounts". The regulated accounts for SEW comply with Ofwat's Regulated Accounting Guidelines (RAGs). Please confirm your expression of interest and request the pre-qualification questionnaire by emailing sewprocurement@southeastwater.co.uk

Lot Information

Lot 1

The provision of external independent financial audit services

Renewal: Initial contract period of 5 years with the option to extend up to a further 3 years. Maximum period of 8 years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02a493
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/007458-2021
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure with prior call for competition
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

79212300 - Statutory audit services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
9 Apr 20214 years ago
Submission Deadline
10 May 2021Expired
Future Notice Date
Not specified
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
SOUTH EAST WATER LIMITED
Contact Name
Mike Moores
Contact Email
michael.moores@southeastwater.co.uk
Contact Phone
+44 1634873020

Buyer Location

Locality
SNODLAND
Postcode
ME6 5AH
Post Town
Rochester
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ4 Kent
Small Region (ITL 3)
TLJ46 West Kent
Delivery Location
TLJ South East (England)
Local Authority
Tonbridge and Malling
Electoral Ward
Snodland East & Ham Hill
Westminster Constituency
Chatham and Aylesford

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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