Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Norse Group External Auditing Services

Norse Group

This public procurement record has 2 releases in its history.

Award

19 Jan 2022 at 12:15

Award Notice
Tender

17 Sep 2021 at 14:15

Tender Notice
Summary of the contracting process

The Norse Group has recently concluded a procurement process for external auditing services, valued at £3,450,000 and located in East Anglia. This contract aimed to support the Norse Group, which includes divisions such as Norse Commercial Services and NPS Group. The procurement method employed was an open procedure, with the awarding criteria focusing on quality (70%) and cost (30%). The tender period ended on 5th November 2021, and bidders were required to possess a thorough understanding of public sector accounting practices, particularly in relation to consolidated financial statements for Norfolk County Council.

This opportunity offers significant potential for businesses in the accounting and auditing sector, especially those with experience in public sector engagements. Small and medium enterprises (SMEs) are encouraged to consider competing, as the contract is considered suitable for their capabilities, although they may face strong competition from larger firms such as PricewaterhouseCoopers LLP (PwC UK) who were awarded the contract. Firms that can demonstrate expertise in complex accounting and auditing, particularly concerning local authority finances, will be well-positioned to benefit from similar future contracts.

How relevant is this notice?

Notice Information

Notice Title

Norse Group External Auditing Services

Notice Description

The provision of compliant external audit services to the Norse Group. The group comprises Norse Commercial Services (NCS), property consultancy services specialist NPS Group (NPS) and care services provider Norse Care Limited (NCL). Providers must also have a thorough knowledge and understanding of the complexity associated with public sector and Local Authority Accounting. The Financial Statements of Norse Group Limited are required to be consolidated into the accounts of Norfolk County Council (NCC) and this requires a revised presentation of its annual results into a 'group reporting pack' as determined by NCC. Requirement to audit and produce a report to the Group auditors of NCC on the 'group reporting pack' under International Standards on Auditing (ISA's) in accordance with ISA 800.

Lot Information

Lot 1

The provision of compliant external audit services to the Norse Group. The group comprises Norse Commercial Services (NCS), property consultancy services specialist NPS Group (NPS) and care services provider Norse Care Limited (NCL). Providers must also have a thorough knowledge and understanding of the complexity associated with public sector and Local Authority Accounting. The Financial Statements of Norse Group Limited are required to be consolidated into the accounts of Norfolk County Council (NCC) and this requires a revised presentation of its annual results into a 'group reporting pack' as determined by NCC. Requirement to audit and produce a report to the Group auditors of NCC on the 'group reporting pack' under International Standards on Auditing (ISA's) in accordance with ISA 800. Additional information: To respond to this opportunity please click here: https://www.delta-esourcing.com/respond/5EE2J35X7G

Renewal: At end of minimum term or after chosen extension period.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02e217
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/001582-2022
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

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
£3,000,000 £1M-£10M
Lots Value
£3,000,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£3,450,000 £1M-£10M

Notice Dates

Publication Date
19 Jan 20224 years ago
Submission Deadline
5 Nov 2021Expired
Future Notice Date
Not specified
Award Date
23 Dec 20214 years ago
Contract Period
Not specified - Not specified
Recurrence
60 Months

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Norse Group
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NORWICH
Postcode
NR6 6EQ
Postcode Area
Norwich
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH5 Norfolk
Small Region (ITL 3)
TLH51 Norwich and East Norfolk
Delivery Location
TLH1 East Anglia
Local Authority
Norwich
Electoral Ward
Catton Grove
Westminster Constituency
Norwich North

Supplier Information

Number of Suppliers
1
Supplier Name

PricewaterhouseCoopers LLP (PwC UK)

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...