This public procurement record has 1 release in its history.

Tender

03 Jan 2023 at 11:55

Summary of the contracting process

The public procurement contracting process involves a tender titled "Statutory and Regulatory Audit and Related Services" issued by Bazalgette Tunnel Limited, trading as Tideway. The procurement falls under the services main procurement category and is linked to the Thames Tideway Tunnel project in London. The tender is currently in the active stage, with key dates to note including the tender period ending on 6th February 2023 and the bid opening on the same day at 12:30 GMT. The value of the contract is £2,500,000 GBP.

This tender presents an opportunity for businesses specializing in accounting, auditing, and fiscal services to compete for the contract. Companies must demonstrate suitability and technical competence as outlined in the Invitation To Tender (ITT) documents. Tideway aims to award the contract to the most economically advantageous tender. Interested parties can find detailed information on the contracting entity, procurement process, and requirements on Tideway's e-sourcing portal. Businesses considering bidding should carefully review the submission terms and the overall procurement timeline to ensure compliance and maximise their chances of success.

How relevant is this notice?

Notice Title

Statutory and Regulatory Audit and Related Services

Notice Description

The Thames Tideway Tunnel is a major infrastructure project, urgently needed to protect the tidal River Thames from increasing pollution. London's sewerage system is no longer fit for purpose and spills tens of millions of tonnes of untreated sewage mixed with rainwater (combined sewage) into the tidal reaches of the River Thames every year. Bazalgette Tunnel Limited (BTL), is the licensed Infrastructure Provider set up to finance, build, maintain and operate the Thames Tideway Tunnel. From Licence Award, BTL trades and is known to the public as 'Tideway'. Bazalgette Tunnel Limited is part of a group of companies. Its immediate parent company is Bazalgette Holdings Limited, which is in turn wholly owned by Bazalgette Ventures Limited, and its ultimate holding company is Bazalgette Equity Limited, Bazalgette Finance plc makes up the group. The structure of the Tideway group of companies is shown in the accompanying Invitation To Tender (ITT). Tideway is therefore purchasing the Services on behalf of and for the use of the Tideway group of companies identified therein. The Tideway group of companies requires a number of services to meet statutory and regulatory audit requirements in accordance with prevailing statutory, regulative and other relevant standards. In addition, other related or advisory services may be required on an ad-hoc basis, subject always to the principle of independence. Interested parties must register on Tideway's e-sourcing portal and will be able to download the Invitation To Tender ('ITT') including the form of response to be completed and returned to submit a compliant tender. The registration process is set out in section VI.3) of this Contract Notice. The ITT contains further detail regarding Tideway, the Tideway group of companies and further detail on the Contract and the timeline and phases of the procurement. Whilst it is intended that the procurement will be run in accordance with the timeline and process described in the ITT, this contract notice and the procurement documents, Tideway reserves the right to amend or cancel any or all of the procurement at any time and/or amend the timescales.

Lot Information

Lot 1

Interested organisations should refer to II.1.4) (Short Description) and VI.3) (Additional information) and to the ITT and other procurement documents for further information on the description of the Services and the Contract. The initial term of the Contract (Initial Term) is one (1) year with options to extend for up to nine (9) further years (Additional Term) making a total possible aggregate term of ten (10) years.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0394c8
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/000046-2023
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

79200000 - Accounting, auditing and fiscal services

79210000 - Accounting and auditing services

79212000 - Auditing services

79212100 - Financial auditing services

79212300 - Statutory audit services

79212500 - Accounting review services

Notice Value(s)

Tender Value
£2,500,000 £1M-£10M
Lots Value
£2,500,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Jan 20233 years ago
Submission Deadline
6 Feb 2023Expired
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
Bazalgette Tunnel Limited (trading as Tideway)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SE1 2QG
Postcode Area
South East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
Not specified

Local Authority
Southwark
Electoral Ward
London Bridge & West Bermondsey
Westminster Constituency
Bermondsey and Old Southwark

Open Contracting Data Standard (OCDS)

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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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