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Internal Audit Services

Police & Crime Commissioner for South Wales

This public procurement record has 2 releases in its history.

Award

25 Sep 2024 at 10:22

Award Notice
Tender

07 Mar 2024 at 11:47

Tender Notice
Summary of the contracting process

The Police & Crime Commissioner for South Wales, along with the Police and Crime Commissioners for Gwent, Dyfed-Powys, and North Wales, is seeking to procure Internal Audit Services under an open procedure. The service, classified under CPV code 79212000 (Auditing services), falls within the industry category of services. The framework agreement, valued at £1,060,275, was awarded to TIAA Limited and commenced on 2nd September 2024, with a potential extension until 1st September 2029. The service will provide proactive, structured, risk-based audit assessments, enhancing management processes across the four commissioning bodies in Wales. The main procurement categories covered include proactive internal audit services aimed at improving the management processes and ensuring high standards of internal controls.

This tender presents significant growth opportunities for businesses specialising in internal auditing, risk management, and consultancy services. SMEs, in particular, will benefit, given that two SMEs competed for the contract. Such businesses can leverage this procurement to showcase their expertise in providing proactive and value-adding audit services, positioning themselves as key players in public sector audit and compliance. By winning such contracts, businesses can expand their portfolio, enhance their market presence, and build long-term relationships with significant public sector clients.

How relevant is this notice?

Notice Information

Notice Title

Internal Audit Services

Notice Description

The four Commissioners in Wales require an internal audit Service that is proactive and adds value to management within the organisation through a structured and risk-based audit needs assessment in order to form the basis of the Audit Plan each year. In short, the four Commissioners require an internal audit Service that, whilst providing the statutory assurances regarding standards of internal control, will also make a significant contribution to the improvement of management processes. The four Commissioners require one Contractor to provide the Service. This is a Framework Agreement for the Services which shall be awarded by the Police and Crime Commissioner for South Wales and open to the Police and Crime Commissioners for Gwent, Dyfed Powys and North Wales.

Lot Information

Lot 1

The four Commissioners in Wales (Dyfed Powys, South Wales, Gwent and North Wakes) require an internal audit Service that is proactive and adds value to management within the organisation through a structured and risk-based audit needs assessment in order to form the basis of the Audit Plan each year. In short, the four Commissioners require an internal audit Service that, whilst providing the statutory assurances regarding standards of internal control, will also make a significant contribution to the improvement of management processes. The Contractor will be required to provide an internal audit Service that independently examines, evaluates, and reports on the adequacy of internal controls throughout the Force as a contribution to the proper economic, efficient, and effective use of resources. The scope of the Services shall encompass the examination and evaluation of the adequacy and effectiveness of the Commissioner's system of internal control and the quality of performance, as agreed within the Audit Programme. This is a Framework Agreement for the Services which shall be awarded by the Police and Crime Commissioner for South Wales and open to the Police and Crime Commissioners for Gwent, Dyfed Powys and North Wales. The four Commissioners require one Contractor to provide the Service.

Renewal: Option to extend on an annual basis until 1st September 2029

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04464e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/030561-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
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

79212000 - Auditing services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,060,275 £1M-£10M

Notice Dates

Publication Date
25 Sep 20241 years ago
Submission Deadline
8 Apr 2024Expired
Future Notice Date
Not specified
Award Date
9 Sep 20241 years ago
Contract Period
2 Sep 2024 - 1 Sep 2027 2-3 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Police & Crime Commissioner for South Wales
Additional Buyers

North Wales Police

Police and Crime Commissioner for Dyfed-Powys

Police and Crime Commissioner for Gwent

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRIDGEND
Postcode
CF31 3SU
Postcode Area
Cardiff
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL51 Central Valleys and Bridgend
Delivery Location
TLL Wales
Local Authority
Bridgend
Electoral Ward
Brackla East and Coychurch Lower
Westminster Constituency
Bridgend

Supplier Information

Number of Suppliers
1
Supplier Name

TIAA LIMITED

Further Information

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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