Award

External Audit Services

UNIVERSITY OF HERTFORDSHIRE EDUCATION CORPORATION

This public procurement record has 3 releases in its history.

Award

14 Feb 2024 at 09:25

TenderUpdate

26 Oct 2023 at 11:20

Tender

26 Oct 2023 at 08:59

Summary of the contracting process

The University of Hertfordshire Education Corporation has completed a procurement process for "External Audit Services" in the services industry category. The university was seeking a contractor to provide external audit services meeting regulatory requirements. The contract, which included an interim and final audit, was awarded to Buzzacott LLP. The contract value is 1,487,610 GBP, and it was signed on 14th February 2024.

This tender for external audit services by the University of Hertfordshire Education Corporation presents opportunities for auditing firms with experience in higher education sector auditing and compliance with UK Financial Reporting Framework. Businesses looking to compete should demonstrate a strong track record in providing high-quality external audit services to educational institutions, ensuring regulatory compliance and risk management. The awarded contract to Buzzacott LLP highlights the demand for proactive and professional audit services in the education sector.

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Notice Title

External Audit Services

Notice Description

The University is seeking a Contractor of external audit services who can offer a distinctive, innovative, proactive and professional approach to external audit, and one that meets all the external audit requirements of the Office for Students, Research England, the Education and Skills Funding Agency, Department for Education, Companies Acts and other relevant legislation, regulation and the UK Financial Reporting Framework. It is envisaged that the audit will comprise of an interim audit and a final audit. The Contractor will need to ensure that the service they provide meets all the requirements of the Office for Students regulatory framework. They will need to take account of any changing requirements providing assurance to the Audit and Risk Committee and the Board of Governors on the University's corporate governance and risk management arrangements.

Lot Information

Lot 1

The University is seeking a Contractor of external audit services who can offer a distinctive, innovative, proactive and professional approach to external audit, and one that meets all the external audit requirements of the Office for Students, Research England, the Education and Skills Funding Agency, Department for Education, Companies Acts and other relevant legislation, regulation and the UK Financial Reporting Framework. It is envisaged that the audit will comprise of an interim audit and a final audit.The Contractor will need to ensure that the service they provide meets all the requirements of the Office for Students regulatory framework. They will need to take account of any changing requirements providing assurance to the Audit and Risk Committee and the Board of Governors on the University's corporate governance and risk management arrangements and respond positively to any further developments in this area. A proactive approach to providing information and support to the University is required.This contract is for a five year period with an option to extend by an additional year.All other information as per the invitation to tender documents.

Renewal: The contract duration is a minimum of five years with the option to extend by an additional year with agreement by both parties in writing.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-040f1d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/004877-2024
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

79212000 - Auditing services

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£1,040,000 £1M-£10M
Lots Value
£1,040,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£1,487,610 £1M-£10M

Notice Dates

Publication Date
14 Feb 20242 years ago
Submission Deadline
8 Dec 2023Expired
Future Notice Date
Not specified
Award Date
14 Feb 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

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF HERTFORDSHIRE EDUCATION CORPORATION
Contact Name
Procurement Professional Services
Contact Email
categorymanagers@herts.ac.uk
Contact Phone
Not specified

Buyer Location

Locality
HATFIELD
Postcode
AL10 8NE
Post Town
St Albans
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH26 North and East Hertfordshire
Delivery Location
TLH23 Hertfordshire CC

Local Authority
Welwyn Hatfield
Electoral Ward
Hatfield Central
Westminster Constituency
Welwyn Hatfield

Supplier Information

Number of Suppliers
1
Supplier Name

BUZZACOTT

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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