Award

23/022 - Grant Audit Services

UNIVERSITY OF PORTSMOUTH

This public procurement record has 2 releases in its history.

Award

13 Aug 2024 at 13:48

Tender

18 Jan 2024 at 10:31

Summary of the contracting process

The University of Portsmouth has completed the contracting process for tender 23/022 - Grant Audit Services, within the industry category of Accounting, Auditing, and Fiscal Services (CPV code 79200000). The procurement was conducted through an open procedure and concluded on 1st August 2024 with a contract awarded to CG Lee Ltd, valued at £160,000. The services required entail the provision of audit functions for Research and Innovation projects, focusing primarily on Horizon Europe and Innovate UK projects. Key locations involved include the region UKJ31. The contract, set to run on a three-year basis with an additional two-year option, spans from 1st August 2024 to 31st July 2029. Notably, the procurement process aimed for high quality, with the quality criterion holding a 90% weight in the evaluation.

This tender presents significant growth opportunities for businesses specialising in audit functions, particularly those with expertise in grant audits for research and innovation initiatives. Companies possessing registered Audit Status and a strong track record in handling auditing requirements posed by diverse project sponsors will find this contract highly suitable. SMEs, such as CG Lee Ltd, are well-suited to compete in such tenders, benefiting from the visibility and collaboration with prominent educational institutions like the University of Portsmouth. Furthermore, the requirement for comprehensive management reports and continual support in audit queries positions this contract as a key opportunity for service providers aiming to establish or expand their presence in the academic auditing sector.

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Notice Title

23/022 - Grant Audit Services

Notice Description

The University of Portsmouth is looking for an Auditor with proven specialist knowledge that is required for the provision of Audit Services for Research and Innovation projects where such audits are required by the relevant sponsor.The service required includes the provision of an audit function as required by the terms of the project sponsor on a case by case basis. The majority of the function would be with respect to Horizon Europe and Innovate UK projects but will also include any other funders that require an audit function; provision of management reports in relation to the project; acting as a knowledge base for grant audit issues and assist with audit queries and clarifications from various parties not limited to sponsors, lead partners or other stakeholders.This will be contracted on a three year plus an additional two year basis.

Lot Information

Lot 1

The University of Portsmouth is looking for an Auditor with proven specialist knowledge that is required for the provision of Audit Services for Research and Innovation projects where such audits are required by the relevant sponsor.The service required includes the provision of an audit function as required by the terms of the project sponsor on a case by case basis. The majority of the function would be with respect to Horizon Europe and Innovate UK projects but will also include any other funders that require an audit function; provision of management reports in relation to the project; acting as a knowledge base for grant audit issues and assist with audit queries and clarifications from various parties not limited to sponsors, lead partners or other stakeholders.This will be contracted on a three year plus an additional two year basis. To Express an Interest in this project please register on the University of Portsmouth In-Tend webpage and express an interest in this project. Please find the weblink for our webpage below:https://in-tendhost.co.uk/port/To note - Bidders must hold registered Audit Status as listed on the Register of Statutory Auditors.

Renewal: On a 3year plus 2year basis. Taking it to 2029

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-042e1d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025652-2024
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79200000 - Accounting, auditing and fiscal services

79210000 - Accounting and auditing services

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£160,000 £100K-£500K
Lots Value
£160,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£160,000 £100K-£500K

Notice Dates

Publication Date
13 Aug 20241 years ago
Submission Deadline
19 Feb 2024Expired
Future Notice Date
Not specified
Award Date
31 Jul 20241 years ago
Contract Period
31 Jul 2024 - 31 Jul 2029 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF PORTSMOUTH
Contact Name
Procurement
Contact Email
procurement@port.ac.uk
Contact Phone
+44 2392848484

Buyer Location

Locality
PORTSMOUTH
Postcode
PO1 2UP
Post Town
Portsmouth
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ31 Portsmouth
Delivery Location
TLJ31 Portsmouth

Local Authority
Portsmouth
Electoral Ward
St Thomas
Westminster Constituency
Portsmouth South

Supplier Information

Number of Suppliers
1
Supplier Name

CG LEE

Open Contracting Data Standard (OCDS)

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