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External Audit Services

THE UNIVERSITY OF WESTMINSTER

This public procurement record has 2 releases in its history.

Award

20 Jan 2022 at 17:09

Award Notice
Tender

30 Apr 2021 at 23:46

Tender Notice
Summary of the contracting process

The procurement process pertains to the University of Westminster, which is seeking comprehensive external audit services, classified under the auditing services category. The procurement is currently at the award stage, with the process having been initiated on 30 April 2021 and bidding concluding on 9 June 2021. The main contract is expected to start from 3 December 2021, with a potential contract period of up to five years, which includes an initial three-year term and two potential one-year extensions. The procurement method employed is an open procedure.

This tender presents significant opportunities for businesses in the auditing services sector, particularly firms capable of delivering statutory audit services while adding value through strategic insights. Companies with experience in taxation, management, and financial advisory services, especially those that are large and established, would be well-suited to compete for this contract. The successful bidder will need to demonstrate a proactive approach in collaboration, bringing both in-depth knowledge and innovative ideas to the audit process.

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Notice Information

Notice Title

External Audit Services

Notice Description

A comprehensive external audit service which will include the full statutory service including, but not limited to: * Pre-year end interim (or systems) audits * Preparation of the annual year-end Corporation tax computations and the submissions to HMRC for the University and Subsidiary Companies. * Preparation of Management Letter and/or Audit Summary * Presentation of Management Letter to one meeting of the Audit Committee (November) and the Court of Governors (December)

Lot Information

Lot 1

As per procurement documents

Renewal: It is anticipated that the new contract will be for an initial period of 3 years with an option to extend for a further period or periods up to a total of 2 years (at 1year increments) taking the contract term to a maximum of 5 years. The Contract is intended to start on 3rd December 2021. Any extension to the Contract will be agreed between the University of Westminster and the Service Provider. It is likely that University will seek the Service Provider to demonstrate improvements and/or price reductions before considering an extension. For any extension(s) to the Contract, discussions with the Service Provider shall be conducted sufficiently far in advance of the contract expiry date to arrive at an agreed position.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02ac8a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/001755-2022
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Jan 20224 years ago
Submission Deadline
9 Jun 2021Expired
Future Notice Date
Not specified
Award Date
28 Sep 20214 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
THE UNIVERSITY OF WESTMINSTER
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
W1B 2HW
Postcode Area
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
Westminster
Electoral Ward
West End
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG

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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