This public procurement record has 3 releases in its history.

Award

16 May 2024 at 13:30

Tender

03 Nov 2023 at 08:32

Planning

06 Apr 2022 at 07:59

Summary of the contracting process

The YPO has completed a tender process for the provision of Internal Audit, External Audit, Assurance, and Counter Fraud Investigation Services. This procurement falls under the services category and involves a Framework Agreement designed to meet the needs of public sector organisations. The tender covers multiple lots, including External Audit, Internal Audit and Assurance, and Counter Fraud Investigation Services. The contract period is set from 08/05/2024 to 07/05/2026, with options to extend for two additional years, subject to review and performance evaluations.

This tender opportunity presents a chance for businesses in the auditing services sector, particularly those specialising in financial auditing, internal audit services, and fraud audit services, to compete for contracts with YPO. The framework agreement offers a lucrative contract period with potential extensions, providing a stable and long-term opportunity for growth and collaboration. Businesses with expertise in quality, sustainability, and pricing considerations are well-suited to participate in this procurement process.

How relevant is this notice?

Notice Title

YPO - 001127 Internal Audit, External Audit, Assurance, and Counter Fraud Services

Notice Description

Framework Agreement for the provision of Internal Audit, External Audit, Assurance, and Counter Fraud Investigation Services. The Framework is designed to meet the needs of all public sector organisations which includes YPO's internal requirements.

Lot Information

External Audit

The provision of an external audit service to determine if a Contracting Authority's financial statements: i) are a true and fair reflection of their financial affairs and are, as a whole, free of misstatement, ii) have been prepared, in all material respects, in accordance with the applicable financial reporting framework, and iii) assess that the Contracting Authority's ability to continue as a going concern and whether the use of the going concern basis of accounting is appropriate

Options: The Framework Agreement will cover the period from 08/05/2024 to 07/05/2026 with two options to extend for 12 months each (subject to an annual review, incorporating price amendments in line with Consumer Price Index or as advised by CIPFA and KPI performance). The first decision to extend the contract period will take place on 1st March 2025 and will be dependent on satisfactory completion of all aspects of the contract to date, the current market conditions for this category and YPO's contracting structures. The maximum contract period will therefore be 4 years, from 08/05/2024 to 07/05/2028 (subject to an annual review, incorporating price negotiations and KPI performance).

Renewal: There is a possibility that this framework will be renewed after 3.5 years from the commencement date.

Internal Audit and Assurance

The Framework Agreement will cover the period from 08/05/2024 to 07/05/2026 with two options to extend for 12 months each (subject to an annual review, incorporating price amendments in line with Consumer Price Index or as advised by CIPFA and KPI performance). The first decision to extend the contract period will take place on 1st March 2025 and will be dependent on satisfactory completion of all aspects of the contract to date, the current market conditions for this category and YPO's contracting structures. The maximum contract period will therefore be 4 years, from 08/05/2024 to 07/05/2028 (subject to an annual review, incorporating price negotiations and KPI performance).

Options: The Framework Agreement will cover the period from 08/05/2024 to 07/05/2026 with two options to extend for 12 months each (subject to an annual review, incorporating price amendments in line with Consumer Price Index or as advised by CIPFA and KPI performance). The first decision to extend the contract period will take place on 1st March 2025 and will be dependent on satisfactory completion of all aspects of the contract to date, the current market conditions for this category and YPO's contracting structures. The maximum contract period will therefore be 4 years, from 08/05/2024 to 07/05/2028 (subject to an annual review, incorporating price negotiations and KPI performance).

Renewal: There is a possibility that this framework will be renewed after 3.5 years from the commencement date.

Counter Fraud Investigation Services

For both proactive and reactive counter fraud investigation services. Providers must be able to evaluate Contracting Authorities' risk of fraud and suggest improvements where necessary, and also be able to mitigate active fraud scenarios where the Contracting Authority has become a victim of fraud.

Options: The Framework Agreement will cover the period from 08/05/2024 to 07/05/2026 with two options to extend for 12 months each (subject to an annual review, incorporating price amendments in line with Consumer Price Index or as advised by CIPFA and KPI performance). The first decision to extend the contract period will take place on 1st March 2025 and will be dependent on satisfactory completion of all aspects of the contract to date, the current market conditions for this category and YPO's contracting structures. The maximum contract period will therefore be 4 years, from 08/05/2024 to 07/05/2028 (subject to an annual review, incorporating price negotiations and KPI performance).

Renewal: There is a possibility that this framework will be renewed after 3.5 years from the commencement date.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-032a7e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/015572-2024
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79212000 - Auditing services

79212100 - Financial auditing services

79212200 - Internal audit services

79212400 - Fraud audit services

Notice Value(s)

Tender Value
£50,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£50,000,000 £10M-£100M

Notice Dates

Publication Date
16 May 20242 years ago
Submission Deadline
22 Dec 2023Expired
Future Notice Date
30 Sep 2022Expired
Award Date
26 Apr 20242 years ago
Contract Period
1 Mar 2024 - 29 Feb 2028 4-5 years
Recurrence
There is a possibility that this framework will be renewed after 3.5 years from the commencement date.

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
YPO
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WAKEFIELD
Postcode
WF2 0XE
Postcode Area
Wakefield
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE4 West Yorkshire
Small Region (ITL 3)
TLE45 Wakefield
Delivery Location
Not specified

Local Authority
Wakefield
Electoral Ward
Wrenthorpe and Outwood West
Westminster Constituency
Wakefield and Rothwell

Supplier Information

Number of Suppliers
10
Supplier Names

AZETS TECHNOLOGY SOLUTIONS LIMITED

BDO LLP

Devon Audit Partnership

Dorset HealthCare University NHS Foundation Trust T/A SAFE - Security and Fraud Experts

HW CONTROLS & ASSURANCE LIMITED

NEUVEN CONSULT LIMITED

PRICEWATERHOUSECOOPERS LLP

SECRETARIAT PARTNERS UK LLP

VERITAU LTD

WYLIE & BISSET LLP

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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