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External audit

Post Office Limited

This public procurement record has 2 releases in its history.

Award

02 Feb 2025 at 16:19

Award Notice
Planning

06 Feb 2024 at 14:29

Planning Notice
Summary of the contracting process

The Post Office Ltd is currently in the award stage for a public procurement process regarding the provision of external audit services, specifically statutory audit services under CPV code 79212300. This contract, valued at £10,000,000, follows a restricted procedure and has been awarded to PRICEWATERHOUSECOOPERS LLP. The contract, which covers the United Kingdom region, was signed on the 20th of May 2024 and allows for an initial term of four years, with potential extensions of one year each up to a total of six years. The procurement process is governed by the legal basis 32014L0024, and the procurement was covered under the GPA (Government Procurement Agreement).

This tender presents a significant opportunity for businesses specialising in statutory audit services to gain substantial contracts with major public sector organisations like the Post Office Ltd. Businesses that offer high-quality audit services and competitive pricing would be well-suited to compete for similar opportunities. The restricted procedure ensures that only capable and qualified suppliers are selected, making it essential for contenders to meet stringent suitability and economic selection criteria. The continuous demand for external audit services points to recurrent business opportunities in this sector, enabling sustained business growth and development for successful bidders.

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Notice Information

Notice Title

External audit

Notice Description

external audit services

Lot Information

Lot 1

external audit services

Options: 4 year contract with + 1 year + 1 year extensions

Renewal: Initial term of 4 years with the option of 2 one year extensions

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-043795
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/003395-2025
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted 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

79212300 - Statutory audit services

Notice Value(s)

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

Notice Dates

Publication Date
2 Feb 20251 years ago
Submission Deadline
8 Mar 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
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
Post Office Limited
Additional Buyers

Post Office Limted

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
EC2V 7ER
Postcode Area
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
City of London
Electoral Ward
Bassishaw
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

PricewaterhouseCoopers 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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