Tender

Financial Audit Firm Rotation

HS1 LTD

This public procurement record has 2 releases in its history.

Planning

05 Feb 2024 at 21:49

Planning

12 Dec 2023 at 18:50

Summary of the contracting process

The buying organisation, HS1 Ltd, has initiated a tender process titled "Financial Audit Firm Rotation" in the services category. The procurement stage is currently active, with a total contract value of £2.65 million GBP. The tender involves re-tendering the Financial Audit Services contract for the fiscal year ending 31 March 2025 onwards. The tender submission deadline is 7th March 2024. The procurement method is an open procedure, and the tender submission can be made electronically or in writing. The location of the procurement is in London.

This tender by HS1 Ltd presents a lucrative opportunity for financial audit firms looking to expand their client portfolio. Businesses specialising in financial auditing services would be well-suited to compete for this contract. The tender process involves an initial Pre-Qualification Questionnaire (PQQ) followed by an Invitation to Tender (ITT), providing clear evaluation criteria for potential bidders. The long contract period of ten years offers stability and long-term business prospects for successful bidders. The transparent evaluation process and detailed service specifications ensure a fair and competitive bidding process.

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Notice Title

Financial Audit Firm Rotation

Notice Description

This is a call for competition via an initial PQQ, and subsequent ITT for 'Financial Audit Services', for HS1 Ltd, as detailed in the associated PIN (ref 2023/S 000-036585) published 12 December 2023 on 'Find a Tender'. The instructions, service specification, evaluation criteria, and indicative timelines are provided in the attached pdf and spreadsheet (Annex A).

Lot Information

Lot 1

HS1 Ltd has chosen to re-tender the Financial Audit Services contract (10-year contract) for the FY25 (year ending 31 March 2025) and beyond, as detailed in the corresponding PIN (reference 2023/S 000-036585) published on 'Find a Tender' on 12 December 2023. This is the call for competition via an initial PQQ, and subsequent ITT. The instructions, service specification, evaluation criteria, and indicative timelines are provided in the attached pdf.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-042517
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/003789-2024
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
Planning 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

79210000 - Accounting and auditing services

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£2,650,000 £1M-£10M
Lots Value
£2,500,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
5 Feb 20242 years ago
Submission Deadline
7 Mar 2024Expired
Future Notice Date
22 Jan 2024Expired
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
HS1 LTD
Contact Name
Procurement Six
Contact Email
procurement@highspeed1.co.uk
Contact Phone
+44 2070142700

Buyer Location

Locality
LONDON
Postcode
N1 9AG
Post Town
North London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI London

Local Authority
Islington
Electoral Ward
Caledonian
Westminster Constituency
Islington South and Finsbury

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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