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External Audit Services

Ark

This public procurement record has 1 release in its history.

Award

21 Oct 2022 at 10:36

Award Notice
Summary of the contracting process

The contracting process involved the organisation Ark seeking external audit services. The procurement, categorised as services under financial auditing, aimed to appoint an external auditor for a 5-year initial period, extendable by up to 2 years. The procurement method was an open procedure with the main location in The Priory, Canaan Lane, Edinburgh, EH10 4SG, UK. The contract was awarded to Chiene + Tait LLP, and the contract, worth £107,750 GBP, was signed on 1st October 2022.

This tender for external audit services by Ark provides opportunities for audit firms specialising in financial auditing. Businesses with expertise in statutory audit services and experience in the sector would be well-suited to compete. The award criteria include knowledge of the brief, methodology, team competency, account management, and added value and innovation, with a significant emphasis on quality assessment (70%) and price (40%).

How relevant is this notice?

Notice Information

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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0377b7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/029708-2022
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
SME

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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£107,750 £100K-£500K

Notice Dates

Publication Date
21 Oct 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 Oct 20223 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
Ark
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EDINBURGH
Postcode
EH10 4SG
Postcode Area
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

Supplier Information

Number of Suppliers
1
Supplier Name

Chiene + Tait 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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