Tender

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Co-Sourced Internal Audit

Durham University

This public procurement record has 1 release in its history.

Tender

15 Apr 2021 at 12:07

Tender Notice
Summary of the contracting process

Durham University is currently seeking bids for a co-sourced internal audit service, classified under the internal audit services industry category (CPV code 79212200). The tender, identified as ITT21-006, is at the open procurement stage and has a total contract value of £210,000. This contract will be awarded for an initial period of three years, expiring on 31 July 2024, with the possibility of two additional one-year renewals, subject to performance. Interested parties must submit their proposals by 17 May 2021, with bid opening scheduled for the same day at 13:00. The contract will be delivered in the UKC14 region, and all submissions must be made electronically.

This tender presents significant opportunities for businesses specialising in internal audit and professional consulting services. Firms that can demonstrate expertise in business strategy, change management, and risk-based audit methodologies will be particularly well-suited to compete. The flexibility in service delivery, including potential advisory roles and support for organisational transformation, opens avenues for businesses to showcase their capabilities and establish long-term partnerships with Durham University, potentially leading to further contracts in the future.

How relevant is this notice?

Notice Information

Notice Title

Co-Sourced Internal Audit

Notice Description

Durham University is seeking to appoint a co-sourced internal auditor as part of its cycle of full market testing. On this occasion, the University intends to award the contract for an initial period of three years, i.e. until 31 July 2024, and renewable annually thereafter, for up to two further years.

Lot Information

Lot 1

The University wishes to establish a contract with a professional services firm to provide co-sourced internal audit services as required by the Director of University Assurance Service (UAS). We would expect the incoming provider to have expertise in business strategy and capability as well as experience in supporting organisations through transformation and being a catalyst and enabler for change. The core of the work is likely to be risk-based audit work, with an emphasis on the design and operation of controls and embedded assurance. The Supplier may also be asked to conduct independent review investigations where circumstances require this, and to support capacity gaps within the internal team. The University wishes, however, to maintain a flexible approach to this arrangement to enable the UAS to respond in an agile way to the University's changing business priorities and risks. This may include providing advisory work, analytical support for audit work completed by the in-house team, developing embedded (continuous) audit procedures, project assurance for new system developments or support for forensic investigations (where required).

Options: Two twelve month extensions are available, subject to requirement and supplier performance.

Renewal: The contract renewal may be advertised April/May 2024, unless one or more extensions are invoked.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02a648
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/007895-2021
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
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

79212200 - Internal audit services

Notice Value(s)

Tender Value
£210,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Apr 20215 years ago
Submission Deadline
17 May 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
April 2024

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Durham University
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DURHAM
Postcode
DH1 3LE
Postcode Area
Durham
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC41 Durham
Delivery Location
TLC14 Durham
Local Authority
County Durham
Electoral Ward
Neville's Cross
Westminster Constituency
City of Durham

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.

Loading OCDS record...