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Provision of Internal Audit Services

National Employment Savings Trust (NEST)

This public procurement record has 2 releases in its history.

Award

23 Apr 2024 at 12:27

Award Notice
Tender

13 Oct 2023 at 18:06

Tender Notice
Summary of the contracting process

The National Employment Savings Trust (NEST) is seeking to procure internal audit services through an open procedure. The procurement is in the award stage, with Deloitte LLP being the active supplier of this £5,100,000 contract. The buying organisation, NEST, based in London, UK, plans to engage in a seven-year contract, initially for five years with possible extension. The procurement provides opportunities for businesses in the services industry, specifically those offering internal audit services, to compete for this tender.

This public procurement process by NEST offers an opportunity for businesses specializing in internal audit services to secure a significant contract with the potential for extension. The completion of the contract has been awarded, and the contract value encompasses the total potential expenditure over seven years. Businesses interested in offering auditing services in the United Kingdom may explore this opportunity. The open procedure and active status of the tender denote a chance for eligible suppliers, like Deloitte LLP, to engage with NEST in providing essential audit services.

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Notice Information

Notice Title

Provision of Internal Audit Services

Notice Description

This is for the provision of internal audit services to Nest Corporation. The contract has been awarded for an initial term of five years, with the option to extend up to a further two years. The contract value on this notice is the total potential value for the full seven years and includes expenditure for any ad-hoc audits over and above the core audit requirements.

Lot Information

Lot 1

This is for the provision of internal audit services to Nest Corporation. The contract has been awarded for an initial term of five years, with the option to extend up to a further two years. The contract value on this notice is the total potential value for the full seven years and includes expenditure for any ad-hoc audits over and above the core audit requirements.

Renewal: This contract will be renewed upon expiry as internal audit will be an ongoing requirement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-040c1d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/013131-2024
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

79212200 - Internal audit services

Notice Value(s)

Tender Value
£5,250,000 £1M-£10M
Lots Value
£5,250,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£5,100,000 £1M-£10M

Notice Dates

Publication Date
23 Apr 20242 years ago
Submission Deadline
6 Nov 2023Expired
Future Notice Date
Not specified
Award Date
2 Apr 20242 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
National Employment Savings Trust (NEST)
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
E14 4PU
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

Deloitte LLP

Further Information

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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