Award

Financial Instruments Framework

NATIONAL AUDIT OFFICE

This public procurement record has 2 releases in its history.

Award

17 Apr 2023 at 11:04

Tender

09 Nov 2022 at 14:05

Summary of the contracting process

The National Audit Office (NAO) has awarded a place to multiple suppliers onto a Financial Instrument Framework to provide Financial Instrument Services for the provision of specialist advice, training, and expertise to support the NAO audits sector. The framework includes services such as external expertise to support NAO audit teams, delivery of financial instrument-specific training, and ad-hoc technical accounting, advisory, and project support. The contract value is £2,666,000, and the contract was signed on 1st February 2023.

This tender by the NAO presents an opportunity for businesses providing financial auditing services to secure contracts for specialist advice and training services. The procurement stage is now in the award phase, with Deloitte LLP, Ernst & Young LLP, Mazars LLP, and PricewaterhouseCoopers LLP being the active suppliers. The tender aims to support the NAO audits sector in the United Kingdom and offers business growth opportunities for large-scale consultancy firms specializing in financial services.

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Notice Title

Financial Instruments Framework

Notice Description

The National Audit Office (NAO) has awarded a place to multiple suppliers onto a Financial Instrument Framework to provide Financial Instrument Services for the provision of specialist advice, training and expertise to support the NAO audits sector this could include (but not limited to): 1.External expertise to support NAO audit teams 2.Delivery of financial instrument specific training 3.Ad-hoc technical accounting, advisory and project support

Lot Information

Lot 1

The National Audit Office has awarded a place to multiple suppliers onto a Financial Instrument Framework to provide Financial Instrument Services for the provision of specialist advice, training and expertise to support the NAO audits sector.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-038075
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/010939-2023
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

80 - Education and training services


CPV Codes

66171000 - Financial consultancy services

79210000 - Accounting and auditing services

79212100 - Financial auditing services

79212300 - Statutory audit services

80510000 - Specialist training services

80531200 - Technical training services

Notice Value(s)

Tender Value
£2,400,000 £1M-£10M
Lots Value
£2,400,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£2,666,000 £1M-£10M

Notice Dates

Publication Date
17 Apr 20232 years ago
Submission Deadline
9 Dec 2022Expired
Future Notice Date
Not specified
Award Date
1 Feb 20233 years ago
Contract Period
1 Feb 2023 - 29 Jan 2027 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
NATIONAL AUDIT OFFICE
Contact Name
Not specified
Contact Email
nao.procurement@nao.org.uk
Contact Phone
+44 2077987000

Buyer Location

Locality
VICTORIA
Postcode
SW1W 9SP
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London

Local Authority
Westminster
Electoral Ward
Pimlico North
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
4
Supplier Names

DELOITTE

ERNST & YOUNG

MAZARS

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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