Award

Internal Audit, Risk and Advisory Services

NETWORK RAIL INFRASTRUCTURE LTD

This public procurement record has 3 releases in its history.

Award

29 May 2024 at 10:32

Tender

09 Oct 2023 at 09:59

Planning

19 Jul 2023 at 16:15

Summary of the contracting process

Network Rail Infrastructure Ltd has completed the award process for the provision of Risk & Assurance services. The procurement involved the purchase of Internal Audit, Risk and Advisory Services under a Restricted procedure. The procurement included two lots: Lot 1 for Internal Audit and Advisory Services and Lot 2 for Technology Audit Support. The primary supplier for Lot 1 is Deloitte LLP, while Ernst & Young LLP is the secondary supplier for the same lot. KPMG LLP is the secondary supplier for Lot 2. The contracts were signed in May 2024 with a total contract value of £5,000,000 for Lot 1 and £1,400,000 for Lot 2.

The Internal Audit, Risk and Advisory Services tender by Network Rail Infrastructure Ltd provides business growth opportunities suitable for large-scale audit service providers. Companies with expertise in internal audit reviews, advisory projects, and specialist audit support who can follow professional standards and methodologies stand to benefit. The selective procurement method and the framework agreement structure offer a chance for firms to demonstrate innovation, upskilling capabilities, and adherence to leading practices in the rail industry. The tender, involving high-value contracts, presents a strategic growth avenue for audit services firms seeking to enhance their reputation and expand their portfolio within the rail sector.

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Notice Title

Internal Audit, Risk and Advisory Services

Notice Description

Network Rail has identified a requirement for the provision of Risk & Assurance services and resources from a third-party supplier. The Framework Agreement will contain two lots: Lot 1- Internal Audit and Advisory Services (Including for Infrastructure Projects/Capital Delivery) Lot 2- Technology Audit Support

Lot Information

Lot 1- Internal Audit and Advisory Services (Including for Infrastructure Projects/Capital Delivery)

Deliver of Internal Audit and Advisory Services (Including Infrastructure Projects/Capital Delivery)

Renewal: Should a retender be required, Network Rail will issue a further notice, notifying the market

Lot 2- Technology Audit Support

Internal Audit (technology audit support)

Renewal: Should a retender be required, Network Rail will issue a further notice, notifying the market

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03e390
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/016720-2024
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted 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

79212200 - Internal audit services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£6,400,000 £1M-£10M

Notice Dates

Publication Date
29 May 20241 years ago
Submission Deadline
9 Nov 2023Expired
Future Notice Date
8 Oct 2023Expired
Award Date
30 Apr 20241 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
NETWORK RAIL INFRASTRUCTURE LTD
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 8SW
Post Town
South East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI45 Lambeth
Delivery Location
Not specified

Local Authority
Lambeth
Electoral Ward
Waterloo & South Bank
Westminster Constituency
Vauxhall and Camberwell Green

Supplier Information

Number of Suppliers
3
Supplier Names

DELOITTE

ERNST & YOUNG

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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