Tender

External Audit Services

COVENTRY UNIVERSITY

This public procurement record has 1 release in its history.

Tender

04 Sep 2023 at 14:14

Summary of the contracting process

Coventry University is seeking external audit services through an open procedure tender labelled as "PD-806-22-KM". The contract is valued at £550,000 and involves a comprehensive audit service for a period of five years with a possible two-year extension. Key requirements include continuity of staff, knowledge of UK Higher Education finance practices, and the ability to address strategic challenges in the sector. The procurement stage is currently active, with the tender period closing on October 12, 2023, followed by the award period and bid opening on the same date.

This procurement opportunity by Coventry University for auditing services presents a chance for audit firms with experience in the Higher Education sector to expand their business. Companies with expertise in providing external audit services, particularly those familiar with the complexities and challenges of university finance practices, are well-suited to compete in this tender. The contract offers a stable revenue stream over a potential seven-year period and requires firms to demonstrate their capability to meet the specific audit needs of Coventry University while adhering to legal and sector-specific requirements.

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Notice Title

External Audit Services

Notice Description

Coventry University is inviting tenders from firms of auditors to provide us with a comprehensive external audit service for a period of five years with the option for an additional two year extension. Contract extension is subject to satisfactory contract performance reviews. The firm appointed must satisfy the criteria for eligibility as external auditors of Higher Education Institutions as set out in the OfS accounts direction, including being Listed on the register of Statutory Auditors and in respect of any audits of registered companies to which they may be appointed, must satisfy the relevant requirements of the Companies Act 2006.Coventry University regards the following as key requirements in meeting its needs:* maintaining a high degree of continuity of staff involved from the appointed firm as very desirable, especially senior levels i.e. the partner and manager, but also with the audit staff;* thorough knowledge of UK Higher Education sector finance practice

Lot Information

Lot 1

Coventry University is inviting tenders from firms of auditors to provide us with a comprehensive external audit service for a period of five years with the option for an additional two year extension. Contract extension is subject to satisfactory contract performance reviews. The firm appointed must satisfy the criteria for eligibility as external auditors of Higher Education Institutions as set out in the OfS accounts direction, including being Listed on the register of Statutory Auditors and in respect of any audits of registered companies to which they may be appointed, must satisfy the relevant requirements of the Companies Act 2006.Coventry University regards the following as key requirements in meeting its needs:* maintaining a high degree of continuity of staff involved from the appointed firm as very desirable, especially senior levels i.e. the partner and manager, but also with the audit staff;* thorough knowledge of UK Higher Education sector finance practiceawareness of current strategic issues and challenges that face the HE sector.* ability to respond dynamically to the challenges presented by the complexity of Coventry University group.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03f9cc
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/026084-2023
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

79212000 - Auditing services

Notice Value(s)

Tender Value
£550,000 £500K-£1M
Lots Value
£550,000 £500K-£1M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
4 Sep 20232 years ago
Submission Deadline
12 Oct 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
COVENTRY UNIVERSITY
Contact Name
William Parsons
Contact Email
ad5571@coventry.ac.uk
Contact Phone
Not specified

Buyer Location

Locality
COVENTRY
Postcode
CV1 5FB
Post Town
Coventry
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG33 Coventry
Delivery Location
TLG33 Coventry

Local Authority
Coventry
Electoral Ward
St Michael's
Westminster Constituency
Coventry South

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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