Award

LU00828 - Provision of External Audit Services

LOUGHBOROUGH UNIVERSITY

This public procurement record has 2 releases in its history.

Award

11 May 2023 at 09:05

Tender

19 Dec 2022 at 14:05

Summary of the contracting process

Loughborough University has completed a procurement process for the provision of external audit services. The contract, awarded to KPMG LLP, is valued at £1,598,080 and was signed on 4th April 2023. The tender involved one lot and falls under the services category. The contract, being for an initial 5-year period with a possible extension, covers Leicestershire, Rutland, and Northamptonshire regions.

This tender by Loughborough University presents opportunities for business growth, particularly for auditing firms or companies providing financial services. As the procurement stage has been completed, businesses with experience in providing high-quality auditing services are well-suited to compete. The nature of the tender, focusing on quality and cost criteria, indicates a preference for suppliers with expertise in financial auditing services. Businesses looking to expand their portfolio in the audit sector should consider engaging with Loughborough University for potential future opportunities.

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Notice Title

LU00828 - Provision of External Audit Services

Notice Description

Provision of External Audit Service

Lot Information

Lot 1

You are invited to tender for the provision of an External Audit Service to Loughborough University. The Contract will be for an initial 5-year period with an option to extend for a further period of up to 24 months, up to a maximum contract length of seven years. The contract will be reviewed following delivery of audit services on an annual basis. Any contract extension will be dependent on satisfactory supplier performance, continued business need and availability of funding and is in any case awarded at the sole discretion of the University. The University's requirements can be found in Section 3 of this ITT. This Invitation to Tender is following the open procedure under PCR2015 The resulting contract will not be divided into Lots and the University is seeking a single supplier to undertake all requirements. Additional information: To respond to this opportunity please click here: https://www.delta-esourcing.com/respond/C5MY26EDE2

Renewal: As per Contract Documentation

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03926c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/013410-2023
Current Stage
Award
All Stages
Tender, Award

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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79200000 - Accounting, auditing and fiscal services

79210000 - Accounting and auditing services

79212000 - Auditing services

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£750,000 £500K-£1M
Lots Value
£750,000 £500K-£1M
Awards Value
Not specified
Contracts Value
£1,598,080 £1M-£10M

Notice Dates

Publication Date
11 May 20232 years ago
Submission Deadline
31 Jan 2023Expired
Future Notice Date
Not specified
Award Date
3 Apr 20232 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

Contracting Authority (Buyer)

Main Buyer
LOUGHBOROUGH UNIVERSITY
Contact Name
Hussain Dakri
Contact Email
h.dakri@lboro.ac.uk
Contact Phone
+44 1509228186

Buyer Location

Locality
LOUGHBOROUGH
Postcode
LE11 3TU
Post Town
Leicester
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF22 Leicestershire CC and Rutland
Delivery Location
TLF2 Leicestershire, Rutland and Northamptonshire

Local Authority
Charnwood
Electoral Ward
Loughborough Ashby
Westminster Constituency
Loughborough

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG

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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