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External Audit Services

University of Lincoln

This public procurement record has 2 releases in its history.

Award

22 Jul 2022 at 10:05

Award Notice
Tender

16 Feb 2022 at 12:15

Tender Notice
Summary of the contracting process

The University of Lincoln, located in Lincolnshire, is conducting a procurement process for External Audit Services. The tender, classified under the CPV code 79212100 for financial auditing services, has been awarded after an open procedure initiated in July 2022. The contract is set to run for three years, starting from 1st July 2022, with the possibility of extending for two additional years until June 2027. The contract value is approximately £550,000, and the award decision was made in early June 2022 after a total of two bids were submitted.

This opportunity presents substantial growth potential for firms specialising in external auditing, particularly those with expertise in the Higher Education sector. Companies that possess experience in statutory audits, financial statement reviews, and compliance with US Federal Loan regulations will be well-positioned to compete. This contract can benefit businesses looking to expand their portfolio in public sector engagements, especially within the educational domain, leveraging their qualifications and relevant experience in similar projects.

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Notice Information

Notice Title

External Audit Services

Notice Description

This is a contract award notice for the provision of External Audit Services to the University of Lincoln. The University has conducted an open tender process to appoint auditors who have in-depth knowledge and experience in the Higher Education (HE) Sector.

Lot Information

Lot 1

This is a contract award notice for the provision of External Audit Services to the University of Lincoln. The University has conducted an open tender process to appoint auditors who have in-depth knowledge and experience in the Higher Education (HE) Sector. High level services covered by the contract are: - Statutory audit of the group financial statements. - Audit and sign-off of US Federal Loan Return, in accordance with US Department of Education requirements. - Audit and sign-off of the Teacher's Pension Scheme (TPS) return in accordance with TPS requirements. - Audit and sign-off of financial covenant calculations. The contract will run for a period of 3 years commencing on 1st July 2022. There will be an option for the University to extend the contract by two further periods of 12 months until 30th June 2027

Options: The Contract will run for a period of 3 years commencing as soon as possible following Contract award (c. July 2022). There will be an option for the University to extend the Contract by two further periods of 12 months in yearly increments.

Renewal: 2 x 12 month extensions available, in yearly increments.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0317bc
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/019976-2022
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

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
£500,000 £500K-£1M
Awards Value
Not specified
Contracts Value
£550,000 £500K-£1M

Notice Dates

Publication Date
22 Jul 20224 years ago
Submission Deadline
23 Mar 2022Expired
Future Notice Date
Not specified
Award Date
10 Jun 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
University of Lincoln
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LINCOLN
Postcode
LN6 7TS
Postcode Area
Lincoln
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF3 Lincolnshire
Small Region (ITL 3)
TLF30 Lincolnshire CC
Delivery Location
TLF3 Lincolnshire
Local Authority
Lincoln
Electoral Ward
Boultham
Westminster Constituency
Lincoln

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG 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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