Tender

External Audit Services/OPEN/PRO/2022

THE OPEN UNIVERSITY

This public procurement record has 1 release in its history.

Tender

10 Feb 2022 at 19:39

Summary of the contracting process

The Open University is currently conducting a procurement process for external audit services, with a budget of £1,100,000. This tender, titled "External Audit Services/OPEN/PRO/2022," is classified under auditing services in the public services sector. The contract period is set to commence on 1st August 2022 and will last until 31st July 2027, with the possibility of two 12-month extensions at the university's discretion. The tender submission deadline is 14th March 2022, with bids being accepted electronically. The primary location for this procurement is Milton Keynes, UK, where the university is based.

This tender presents a significant opportunity for businesses specialising in audit and financial services, particularly those experienced in public sector contracts. Companies with a proven track record in providing thorough audit services and compliance with educational institutions' needs would be well-positioned to compete. The collaborative nature of the Open University’s approach means that firms that can demonstrate expertise in both UK regulations and the specific requirements of higher education will likely find this tender advantageous for fostering business growth.

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Notice Title

External Audit Services/OPEN/PRO/2022

Notice Description

The Open University is seeking the provision of external audit services for The Open University and its wholly owned subsidiaries (registered in England and Wales) with effect from the 2022 / 2023 financial year. .

Lot Information

Lot 1

1.1 The Open University (University) is seeking the provision of external audit services for The Open University and its wholly owned subsidiaries (registered in England and Wales) with effect from the 2022/23 financial year.

Renewal: The contract term is for an initial 5 year term with the option to extend in two increments of 12 month periods at the sole discretion of the OU.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0315f7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/003932-2022
Current Stage
Tender
All Stages
Tender

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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79212000 - Auditing services

Notice Value(s)

Tender Value
£1,100,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 Feb 20224 years ago
Submission Deadline
14 Mar 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Jul 2022 - 31 Jul 2027 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
THE OPEN UNIVERSITY
Contact Name
Not specified
Contact Email
finance-tenders@open.ac.uk
Contact Phone
+44 1908274066

Buyer Location

Locality
MILTON KEYNES
Postcode
MK7 6BP
Post Town
Milton Keynes
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ12 Milton Keynes
Delivery Location
TLJ12 Milton Keynes

Local Authority
Milton Keynes
Electoral Ward
Monkston
Westminster Constituency
Milton Keynes Central

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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