Award

C1228 - External Audit Services

NI WATER AND ITS SUBSIDIARIES

This public procurement record has 2 releases in its history.

Award

05 Nov 2024 at 14:58

Tender

28 Feb 2024 at 14:54

Summary of the contracting process

The Northern Ireland Water Group (NI Water) has completed the procurement process for the contract "C1228 - External Audit Services," falling under the services category with a CPV classification of 79212000 (Auditing services). The procurement, conducted via a selective method described as a negotiated procedure with prior call for competition, targeted services related to financial auditing. The contract, valued at approximately £3 million, was formally awarded on 5th November 2024, with KPMG emerging as the successful supplier. The procurement took place at NI Water's headquarters located in Belfast, UK, further cementing the institution's commitment to maintaining robust financial and operational standards through external audit services.

Winning this tender offers significant growth opportunities for auditing firms looking to expand their public sector portfolio. Being awarded by a major utility organisation like NI Water indicates a potent endorsement, potentially unlocking future prospects with other governmental or large private entities. This opportunity is particularly well-suited for established auditing firms with a robust track record in financial auditing, stringent quality standards, and the capability to adapt to varying contract scales and demands. It also highlights the importance of quality and price criteria, weighted at 70% and 30% respectively, providing a clear avenue for firms excelling in both service delivery and cost efficiency.

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Notice Title

C1228 - External Audit Services

Notice Description

This Contract is for external audit services to the Northern Ireland Water Group ('the Client' or 'NI Water') as set out in Appendix 1 - Specification

Lot Information

Lot 1

This Contract is for external audit services to the Northern Ireland Water Group ('the Client' or 'NI Water') as set out in Appendix 1 - Specification. Additional information: The figure of PS3m represents the anticipated contract value which ranges from PS2m to PS4m. . This range reflects the potential scale of the contract and takes into account such changes to the demand and scale which may result from future operational requirements..

Renewal: Extension available and contract will be retendered after expiry.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-044409
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/035817-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure with prior call for competition
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
£3,000,000 £1M-£10M
Lots Value
£3,000,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£3,000,000 £1M-£10M

Notice Dates

Publication Date
5 Nov 20241 years ago
Submission Deadline
3 Apr 2024Expired
Future Notice Date
Not specified
Award Date
5 Nov 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
Once C1228 expires

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
NI WATER AND ITS SUBSIDIARIES
Contact Name
sourcingniwater.com
Contact Email
sourcing@niwater.com
Contact Phone
Not specified

Buyer Location

Locality
BELFAST
Postcode
BT14 6TE
Post Town
Northern Ireland
Country
Northern Ireland

Major Region (ITL 1)
TLN Northern Ireland
Basic Region (ITL 2)
TLN0 Northern Ireland
Small Region (ITL 3)
TLN06 Belfast
Delivery Location
TLN Northern Ireland

Local Authority
Belfast
Electoral Ward
Chichester Park
Westminster Constituency
Belfast North

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG

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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