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Admittance to a panel for supply of Forensic Audit Services

YORKSHIRE WATER SERVICES LIMITED

This public procurement record has 3 releases in its history.

Award

06 Jun 2022 at 16:09

Award Notice
TenderUpdate

05 Nov 2021 at 12:42

Tender Notice
Tender

05 Nov 2021 at 12:42

Tender Notice
Summary of the contracting process

The public procurement process is being conducted by Yorkshire Water Services Limited for the contract titled "Admittance to a panel for supply of Forensic Audit Services," classified under auditing services in the water industry. The procurement method is selective with a negotiated procedure following a prior call for competition. The tender, situated in Bradford, United Kingdom, underwent an amendment which changed the submission deadline for expressions of interest to 5th December 2021. The contract aims at providing forensic auditing of commercial contracts to facilitate cost recovery and financial improvement, with a total estimated value of £1.8 million over an initial term of 36 months, with the possibility of a 12-month extension based on performance.

This tender presents a significant opportunity for businesses specialising in forensic auditing, financial consulting, and contract management to engage with Yorkshire Water Services. Companies that can demonstrate extensive experience in forensic audit practices and the ability to produce detailed audit reports addressing compliance and performance metrics will be well-suited to apply. The competitive landscape suggests that both small and medium-sized enterprises and larger consultancies could successfully contribute to this contract, particularly those with a strong track record in resource management and cost recovery strategies.

How relevant is this notice?

Notice Information

Notice Title

Admittance to a panel for supply of Forensic Audit Services

Notice Description

Forensic auditing of commercial contracts for the purpose of cost recovery.

Lot Information

Lot 1

Forensic audit and insights are Value for Money (VFM) reviews of commercial contracts with an expected annual cash recovery of cPS1.5m. The main objective of undertaking a Forensic Audit & Insights are to identify value leakage and potential ways of unlocking this economic leakage for the business to achieve significant financial outperformance, whilst maintaining and not compromising service to our stakeholders. The audits are performed on a risk basis, with the main objective being: * To investigate Compliance against Contractual Obligations and Key Performance Indicators; * To identify, investigate and quantify off-contractual expenditure; * To identify, investigate and quantify financial wastage; and, * To identify contract terms and conditions which require strengthening, improving and creating. The Commercial Assurance team is looking to partner with external audit consultants to support the delivery of forensic audit and insights. This is done where it is deemed specialist knowledge and expertise of external markets environments is required where we lack the experience internally. An annual programme is developed by the Contract Audit Manager, based on value, risk and timing of contract expiry. The audit programme is presented to Leadership Team(s) to seek input and support and, if necessary, the plan can be flexed to incorporate contract reviews that are at special request.

Renewal: The initial contract term will be for 36 months. YWS reserves the option to extend further for 12 months based on satisfactory performance of the contract by the service providers. Further details will be sent out in the procurement documents. The estimated value is based on the initial contract term, excluding renewal. (i.e. 36 months).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02f419
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015544-2022
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure with prior call for competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79212000 - Auditing services

79994000 - Contract administration services

Notice Value(s)

Tender Value
£1,800,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,410,600 £1M-£10M

Notice Dates

Publication Date
6 Jun 20224 years ago
Submission Deadline
17 Dec 2021Expired
Future Notice Date
Not specified
Award Date
16 May 20224 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
YORKSHIRE WATER SERVICES LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRADFORD
Postcode
BD6 2SZ
Postcode Area
Bradford
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE41 Bradford
Delivery Location
TLE Yorkshire and The Humber
Local Authority
Bradford
Electoral Ward
Royds
Westminster Constituency
Bradford South

Supplier Information

Number of Suppliers
5
Supplier Names

Audit Partnership Limited

Grant Thornton UK LLP

KPMG LLP

Mazars LLP

PricewaterhouseCoopers LLP

Further Information

Open Contracting Data Standard (OCDS)

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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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