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The Provision of Internal Audit Services to the Development Bank of Wales

Development Bank of Wales

This public procurement record has 3 releases in its history.

Award

13 Aug 2024 at 14:20

Award Notice
Tender

13 Apr 2022 at 09:03

Tender Notice
Planning

16 Dec 2021 at 16:55

Planning Notice
Summary of the contracting process

The Development Bank of Wales has recently completed the tendering process for the provision of Internal Audit Services. This contract, which spans 5 years and falls under the category of Accounting and Auditing Services (CPV code 79210000), has been awarded to RSM UK Risk Assurance Services LLP. The overall value of the contract is £226,168 GBP, and the procurement followed an open procedure. The contract became effective on 30th March 2022, with the services to be delivered within the UK.

This tender offers significant opportunities for businesses specialising in internal audit services, particularly those with strong sector and client knowledge, risk identification capabilities, and effective relationship management. Companies with expertise in delivering objective and challenging audit processes while incorporating elements of ESG (Environmental, Social, and Governance) are well-suited to compete. The opportunity is especially attractive for SMEs aiming to expand their client portfolio within the public sector.

How relevant is this notice?

Notice Information

Notice Title

The Provision of Internal Audit Services to the Development Bank of Wales

Notice Description

The Development Bank of Wales is looking to appoint an organisation to provide Internal Audit Services over a period of 5 years.

Lot Information

Lot 1

The Development Bank of Wales Group (DBWG) is inviting tenders to appoint an organisation to provide the internal audit services over a period of 5 years. Further information about the Services and DBWG's requirements is contained in sections 3 and 4 of the Invitation to Tender (ITT).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03027a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025644-2024
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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

79210000 - Accounting and auditing services

Notice Value(s)

Tender Value
£400,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£226,168 £100K-£500K

Notice Dates

Publication Date
13 Aug 20242 years ago
Submission Deadline
20 May 2022Expired
Future Notice Date
24 Jan 2022Expired
Award Date
30 Mar 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
Development Bank of Wales
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WREXHAM
Postcode
LL13 7YL
Postcode Area
Llandudno
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL3 North Wales
Small Region (ITL 3)
TLL34 Flintshire and Wrexham
Delivery Location
Not specified
Local Authority
Wrexham
Electoral Ward
Brynyffynnon
Westminster Constituency
Wrexham

Supplier Information

Number of Suppliers
1
Supplier Name

RSM UK RISK ASSURANCE SERVICES LLP

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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