Internal Audit provision

{
    "tag": [
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    "id": "ocds-h6vhtk-03a646-2023-03-29T12:59:03+01:00",
    "date": "2023-03-29T12:59:03+01:00",
    "ocid": "ocds-h6vhtk-03a646",
    "description": "NOTE: To register your interest in this notice and obtain any additional information please visit the Sell2Wales Web Site at https://www.sell2wales.gov.wales/Search/Search_Switch.aspx?ID=130349. The buyer has indicated that it will accept electronic responses to this notice via the Postbox facility. A user guide is available at https://www.sell2wales.gov.wales/sitehelp/help_guides.aspx. Suppliers are advised to allow adequate time for uploading documents and to dispatch the electronic response well in advance of the closing time to avoid any last minute problems. Under the terms of this contract the successful supplier(s) will be required to deliver Community Benefits in support of the authority's economic and social objectives. Accordingly, contract performance conditions may relate in particular to social and environmental considerations. The Community Benefits included in this contract are: See ITT for specifics (WA Ref:130349)",
    "initiationType": "tender",
    "tender": {
        "id": "1789",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Internal Audit provision",
        "status": "active",
        "classification": {
            "scheme": "CPV",
            "id": "79212100",
            "description": "Financial auditing services"
        },
        "mainProcurementCategory": "services",
        "description": "Internal Audit provision to the University of South Wales. The University of South Wales is a Higher Education Corporation under the 1988 Education Reform Act, which has had University status and degree awarding powers following the Higher & Further Education Act 1992. The University has over 20,000 students and nearly 2,000 staff. There are three academic faculties covering a wide range of subjects currently spread across three main teaching campuses in Pontypridd, Newport and Cardiff. The University has two wholly owned subsidiary colleges in the Royal Welsh College of Music & Drama and The College Merthyr Tydfil. In addition, the University has a research facility in Baglan and a Sports Park in Treforest. The University and both colleges are registered charities. Further information about the University is available at: http://www.southwales.ac.uk The University of South Wales is seeking to appoint internal auditors for up to a maximum of five years (three years in the first instance with the option of up to two one year extensions) with effect from 1 August 2023. The appointment would be subject to the continued satisfactory performance by the successful service provider. The University requires the successful service provider to deliver an internal audit service including the development, implementation and review of an internal audit programme throughout the contract term. The internal audit programme will be developed in conjunction with the University's management team and approved by the University's Audit Committee. The successful service provider may also be required to carry out value for money studies and facilitate the yearly review of effectiveness of the Audit Committee, and provide training to members as required. The number of audit days varies each year, but c. 125 is an indicative combined figure for the University and subsidiary colleges. Submissions will be evaluated against key criteria as detailed in the ITT document.",
        "value": {
            "amount": 250000,
            "currency": "GBP"
        },
        "lots": [
            {
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                "description": "The University of South Wales is a Higher Education Corporation under the 1988 Education Reform Act, which has had University status and degree awarding powers following the Higher & Further Education Act 1992. The University has over 20,000 students and nearly 2,000 staff. There are three academic faculties covering a wide range of subjects currently spread across three main teaching campuses in Pontypridd, Newport and Cardiff. The University has two wholly owned subsidiary colleges in the Royal Welsh College of Music & Drama and The College Merthyr Tydfil. In addition, the University has a research facility in Baglan and a Sports Park in Treforest. The University and both colleges are registered charities. Further information about the University is available at: http://www.southwales.ac.uk The University of South Wales is seeking to appoint internal auditors for up to a maximum of five years (three years in the first instance with the option of up to two one year extensions) with effect from 1 August 2023. The appointment would be subject to the continued satisfactory performance by the successful service provider. The University requires the successful service provider to deliver an internal audit service including the development, implementation and review of an internal audit programme throughout the contract term. The internal audit programme will be developed in conjunction with the University's management team and approved by the University's Audit Committee. The successful service provider may also be required to carry out value for money studies and facilitate the yearly review of effectiveness of the Audit Committee, and provide training to members as required. The number of audit days varies each year, but c. 125 is an indicative combined figure for the University and subsidiary colleges. Submissions will be evaluated against key criteria, as detailed in the ITT. Shortlisted companies will be asked to present to a University panel on 26th April 2023. Further information on the content of the presentation will be provided in due course. Additional information: Publication of the ITT notice is 29th March 2023. Queries in relation to the services required should be asked via the Q & A function to this notice. The closing date for queries is midday, Monday 10th April 2023",
                "status": "active",
                "awardCriteria": {
                    "criteria": [
                        {
                            "name": "Quality of the audit process",
                            "type": "quality",
                            "description": "20"
                        },
                        {
                            "name": "Demonstrable knowledge of the HE & FE sector & business and risk environment",
                            "type": "quality",
                            "description": "20"
                        },
                        {
                            "name": "Relationship Management",
                            "type": "quality",
                            "description": "10"
                        },
                        {
                            "name": "Community Benefits",
                            "type": "quality",
                            "description": "10"
                        },
                        {
                            "name": "Interview/Presentations",
                            "type": "quality",
                            "description": "15"
                        },
                        {
                            "name": "Terms & Conditions",
                            "type": "quality",
                            "description": "5"
                        },
                        {
                            "type": "price",
                            "description": "20"
                        }
                    ]
                },
                "contractPeriod": {
                    "durationInDays": 1080
                },
                "hasRenewal": true,
                "renewal": {
                    "description": "2 x 12 month extensions ( +1 +1) subject to agreement and satisfactory review."
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                    {
                        "scheme": "CPV",
                        "id": "79212200",
                        "description": "Internal audit services"
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                ],
                "deliveryAddresses": [
                    {
                        "region": "UKL15"
                    },
                    {
                        "region": "UKL15"
                    }
                ],
                "deliveryLocation": {
                    "description": "Treforest, Pontypridd"
                },
                "relatedLot": "1"
            }
        ],
        "communication": {
            "futureNoticeDate": "2023-03-27T00:00:00+01:00",
            "atypicalToolUrl": "https://www.sell2wales.gov.wales/"
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        "coveredBy": [
            "GPA"
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        "submissionMethod": [
            "electronicSubmission"
        ],
        "submissionMethodDetails": "https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0315",
        "selectionCriteria": {
            "criteria": [
                {
                    "type": "economic",
                    "description": "See SPD document",
                    "appliesTo": [
                        "supplier"
                    ]
                },
                {
                    "type": "technical",
                    "description": "See SPD Document",
                    "appliesTo": [
                        "supplier"
                    ]
                },
                {
                    "type": "technical",
                    "description": "HEFCW Financial Management Code 132. Consequently each institution must have an internal audit function which complies with the Public Sector Internal Audit Standards or successor standards. Internal audit terms of reference must make clear that its scope encompasses all the institution's activities, the whole of its risk management, control and governance, and any aspect of VFM delivery. 133. The internal audit function must be adequately resourced; that is, the internal audit function must be able to audit all key risk areas within a reasonable timeframe, with each individual audit being afforded sufficient time to allow adequate work to be undertaken. https://www.gov.uk/government/publications/public-sector-internal-audit-standards"
                }
            ]
        },
        "otherRequirements": {
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        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "tenderPeriod": {
            "endDate": "2023-04-17T12:00:00+01:00"
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        "submissionTerms": {
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            "bidValidityPeriod": {
                "durationInDays": 120
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        "awardPeriod": {
            "startDate": "2023-04-17T12:00:00+01:00"
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        "bidOpening": {
            "date": "2023-04-17T12:00:00+01:00"
        },
        "hasRecurrence": false,
        "contractTerms": {
            "hasElectronicOrdering": true,
            "electronicInvoicingPolicy": "allowed",
            "hasElectronicPayment": true
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    },
    "parties": [
        {
            "id": "GB-FTS-9366",
            "name": "University of South Wales",
            "identifier": {
                "legalName": "University of South Wales"
            },
            "address": {
                "streetAddress": "Procurement Manager, University of South Wales, Finance Dept, Llantwit Road",
                "locality": "Pontypridd",
                "region": "UKL",
                "postalCode": "CF37 1DL",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "name": "Tina Struebig",
                "telephone": "+44 1443482386",
                "email": "procurement@southwales.ac.uk",
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            },
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                "url": "https://www.southwales.ac.uk",
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                        "id": "09",
                        "description": "Education"
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            "name": "High Court",
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                "legalName": "High Court"
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            "address": {
                "streetAddress": "Royal Courts of Justice, The Strand",
                "locality": "London",
                "postalCode": "WC2A 2LL",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 2079477501"
            },
            "roles": [
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    ],
    "buyer": {
        "id": "GB-FTS-9366",
        "name": "University of South Wales"
    },
    "language": "en"
}