Award

Provision of External Audit Services

ROYAL MINT

This public procurement record has 2 releases in its history.

Award

05 Apr 2023 at 16:41

Tender

04 Nov 2022 at 13:27

Summary of the contracting process

The Royal Mint is seeking external audit services through a competitive procurement process. The 3-year contract will be with PricewaterhouseCoopers LLP following a competitive procedure with negotiation. The services fall under the financial auditing category. The procurement stage is in the award phase with a contract value of £500,000 signed on 31st March 2023.

This opportunity with The Royal Mint can benefit businesses providing auditing services, particularly those with experience in financial auditing. Interested parties should focus on delivering quality services as it is a key selection criterion. The procurement method is selective, allowing for negotiation. The deadline for submission was on 5th December 2022, and the contract includes options for renewal, offering a potential long-term partnership opportunity.

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Notice Title

Provision of External Audit Services

Notice Description

The Royal Mint is awarding a 3 year contract for the provision of external audit services following a regulatory compliant competitive procurement process.

Lot Information

Lot 1

The appointed supplier will provide external audit services to The Royal Mint

Options: This is a negotiated process and we will welcome innovative solutions.

Renewal: The Royal Mint expects to enter a 3 year contract (36 months) with an option to extend for up to a further 2 years at 1 year intervals (12 months + 12 months). This is at the sole discretion of TRM and subject to satisfactory performance during the initial contract term.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-037f2f
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/010046-2023
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£500,000 £500K-£1M

Notice Dates

Publication Date
5 Apr 20232 years ago
Submission Deadline
5 Dec 2022Expired
Future Notice Date
Not specified
Award Date
30 Mar 20232 years ago
Contract Period
Not specified - Not specified
Recurrence
5 years

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
ROYAL MINT
Contact Name
Kim Lambert
Contact Email
kim.lambert@royalmint.com
Contact Phone
+44 1443222111

Buyer Location

Locality
PONTYCLUN
Postcode
CF72 8YT
Post Town
Cardiff
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL51 Central Valleys and Bridgend
Delivery Location
TLL15 Central Valleys

Local Authority
Rhondda Cynon Taf
Electoral Ward
Llantrisant and Talbot Green
Westminster Constituency
Pontypridd

Supplier Information

Number of Suppliers
1
Supplier Name

PRICEWATERHOUSECOOPERS

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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