Tender

External Audit Services

ARK

This public procurement record has 1 release in its history.

Tender

10 May 2022 at 14:16

Summary of the contracting process

The public procurement process involves Ark, a registered social provider based in Edinburgh, seeking to appoint external audit services for their statutory financial statements. This tender is categorised under financial auditing services within the services industry and is currently in the Tender stage. The deadline for bid submissions is set for 1st July 2022 at 12:00, with the contract, valued at £100,000, spanning an initial period of five years and an option for a two-year extension. Bidders are advised to prepare their electronic responses well before the submission deadline to avoid any last-minute issues.

This procurement opportunity can create significant prospects for growth among audit firms with expertise in statutory auditing and compliance. Businesses that possess a robust knowledge of the financial auditing sector, strong methodologies, and proven team competency will be especially well-suited for this tender. The comprehensive assessment criteria, which includes quality attributes such as knowledge of the brief and price considerations, underscores the importance of quality submissions in this competitive tendering process.

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Notice Title

External Audit Services

Notice Description

Ark seeks to appoint an external audit service to independently audit the statutory financial statements of Ark (and its two subsidiaries) for compliance with applicable law, auditing and accounting standards and the needs of lenders in respect of loan covenants. External audit is a requirement of the Regulatory Standards of Governance and Financial Management published by the SHR and Company Law. The contract will be for an initial period of 5 years, with the option to extend by up to 2 further years.

Lot Information

Lot 1

Provision of an external audit service to independently audit the statutory financial statements of Ark for compliance with applicable law, auditing and accounting standards and the needs of lenders in respect of loan covenants. External audit is a requirement of the Regulatory Standards of Governance and Financial Management published by the SHR and Company Law.

Renewal: There will be an option to extend the contract by up to two periods of 12 months each or one period of 24 months at the sole discretion of Ark.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03361c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/012159-2022
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

79212100 - Financial auditing services

79212300 - Statutory audit services

Notice Value(s)

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

Notice Dates

Publication Date
10 May 20223 years ago
Submission Deadline
1 Jul 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
ARK
Contact Name
Stuart Green
Contact Email
stuart.green@arkha.org.uk
Contact Phone
+44 1314479027

Buyer Location

Locality
EDINBURGH
Postcode
EH10 4SG
Post Town
Edinburgh
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM75 City of Edinburgh

Local Authority
City of Edinburgh
Electoral Ward
Morningside
Westminster Constituency
Edinburgh South

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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