Award

3165/LM - Internal Audit Services to The University Of Sheffield

UNIVERSITY OF SHEFFIELD

This public procurement record has 2 releases in its history.

Award

06 Jul 2022 at 14:09

Tender

04 Jan 2022 at 07:57

Summary of the contracting process

The University of Sheffield is conducting a procurement process to award a contract for Internal Audit Services. This tender is categorised under the services industry and involves a total contract value of £1,200,000. The successful provider will offer these services for an initial period of three years starting from 1st August 2022, with a potential extension in yearly increments subject to annual review. The procurement is currently in the award stage, following a complete tender process that was classified as an open procedure.

This opportunity for Internal Audit Services presents significant potential for growth, especially for businesses specialising in auditing and risk management, particularly those with experience in higher education institutions. Companies that can demonstrate a strong track record in quality assurance and financial auditing will be well-positioned to compete. The evaluation criteria favour quality at 80% and cost at 20%, indicating that providers focusing on delivering high-quality services will have a competitive advantage.

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Notice Title

3165/LM - Internal Audit Services to The University Of Sheffield

Notice Description

The University of Sheffield wishes to award a contract for the provision of Internal Audit Services for a period of Three years from 1st August 2022, followed by a further period of Three years in yearly increments, to be reviewed annually.The University is looking to appoint a provider of internal audit services with experience of auditing higher education institutions. The successful provider will demonstrate that they have the experience, approach and tools for the provision of internal audit and risk management services, testing internal controls and development and support of the Audit Committee.Note: Internal and External audit services cannot both be provided by the same firm or provider. The main tender document gives further details of eligibility.The full technical specification can be found in the ITT documentation which will be available after you have expressed your interest on In-Tend.

Lot Information

Lot 1

The University of Sheffield wishes to award a contract for the provision of Internal Audit Services for a period of Three years from 1st August 2022, followed by a further period of Three years in yearly increments, to be reviewed annually.The University is looking to appoint a provider of internal audit services with experience of auditing higher education institutions. The successful provider will demonstrate that they have the experience, approach and tools for the provision of internal audit and risk management services, testing internal controls and development and support of the Audit Committee.Note: Internal and External audit services cannot both be provided by the same firm or provider. The main tender document gives further details of eligibility.The full technical specification can be found in the ITT documentation which will be available after you have expressed your interest on In-Tend. Tender Process and Documentation:This is an FTS Open tender exercise. The ITT can be downloaded by registering and expressing your interest on the University's e-tendering system https://in-tendhost.co.uk/SheffieldIf you have any questions or comments in relation to this tender, they must be submitted via the In-tend System.Your tender response must also be submitted through InTend to arrive by the date and time specified. Late tenders will not be considered.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0306a0
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/018512-2022
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

79210000 - Accounting and auditing services

79212000 - Auditing services

79212100 - Financial auditing services

79212200 - Internal audit services

Notice Value(s)

Tender Value
£1,200,000 £1M-£10M
Lots Value
£1,200,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£1,200,000 £1M-£10M

Notice Dates

Publication Date
6 Jul 20223 years ago
Submission Deadline
7 Feb 2022Expired
Future Notice Date
Not specified
Award Date
6 Jun 20223 years ago
Contract Period
31 Jul 2022 - 31 Jul 2025 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF SHEFFIELD
Contact Name
Not specified
Contact Email
l.w.marsden@sheffield.ac.uk
Contact Phone
+44 1142224206

Buyer Location

Locality
SHEFFIELD
Postcode
S10 2TN
Post Town
Sheffield
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
TLE32 Sheffield

Local Authority
Sheffield
Electoral Ward
Broomhill and Sharrow Vale
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG

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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