Award

External Audit

THE RIVERSIDE GROUP LTD

This public procurement record has 2 releases in its history.

Award

15 Oct 2021 at 15:19

Tender

06 May 2021 at 10:49

Summary of the contracting process

The procurement process has been initiated by The Riverside Group Ltd, aiming to appoint a single candidate to provide external audit and certification services for the financial year ending March 2022. This tender, titled "External Audit," falls under the services category, specifically classified as financial auditing services (CPV code: 79212100). The procurement stage is currently in the active phase, with the bid submission deadline set for 7th June 2021. The value of the contract is estimated at £1,250,000, and the service will be conducted in the UK.

This tender presents a significant opportunity for firms specialising in financial audit services, particularly for those accredited by recognised accounting bodies such as ICAEW or ICAS, enabling them to expand their client base and enhance service offerings. Given the audit's comprehensive requirements, including attendance at audit committee meetings and certification of loan covenant compliance, bidders with experience in public sector projects or those that can demonstrate a strong track record in compliance and quality assurance will be well-suited to compete for this contract.

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Notice Title

External Audit

Notice Description

TRGL has appointed a single Candidate to cover (a) external audit (b) certification of loan covenant compliance commencing for the financial year ending March 2022.

Lot Information

Lot 1

TRGL has appoinedt a single Candidate to cover (a) external audit (b) certification of loan covenant compliance commencing for the financial year ending March 2022. a. External Audit - This covers external audit of all the statutory entities in the Group and includes attendance at the Group Audit Committee (four meetings per year). b. Certification of loan covenant compliance - The exact requirements vary from year to year and according to lender. Currently, one covenant compliance certificate requires audit each year.

Renewal: Two further optional extensions of 12 months each

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02adcb
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025882-2021
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

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£1,250,000 £1M-£10M
Lots Value
£1,250,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£1,473,000 £1M-£10M

Notice Dates

Publication Date
15 Oct 20214 years ago
Submission Deadline
7 Jun 2021Expired
Future Notice Date
Not specified
Award Date
2 Aug 20214 years ago
Contract Period
Not specified - Not specified
Recurrence
60

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
THE RIVERSIDE GROUP LTD
Contact Name
Carla Kelly
Contact Email
carla.kelly@riverside.org.uk, procurement@riverside.org.uk
Contact Phone
Not specified

Buyer Location

Locality
SPEKE
Postcode
L24 8RF
Post Town
Liverpool
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
TLD72 Liverpool

Local Authority
Liverpool
Electoral Ward
Garston
Westminster Constituency
Liverpool Garston

Supplier Information

Number of Suppliers
1
Supplier Name

BDO

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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