Award

Provision of External Audit Services to University of South Wales Group & Wrexham University Group

UNIVERSITY OF SOUTH WALES

This public procurement record has 2 releases in its history.

Award

18 Oct 2024 at 14:27

Tender

13 Mar 2024 at 17:00

Summary of the contracting process

The University of South Wales Group and Wrexham University Group have finalised a procurement process for the provision of external audit services, with a contract duration of up to five years, starting from 1 August 2024. The successful bidder, HAYSMACINTYRE LLP, will provide auditing services to both institutions and their subsidiary companies, ensuring compliance with financial regulations and delivering high-quality audit reports. The procurement was executed through a competitive selective procedure, and the contracts were signed on 30 September 2024. The total contract value for both lots is £1,691,400 GBP. The procurement process included strict evaluation criteria covering quality, risk management, and price, among other factors.

This tender presents significant business growth opportunities for professional services firms specialising in accounting and auditing services. Given the small number of bids received, there appears to be a substantial demand for expertise in this area. The contract involves regular interactions with audit committees and adherence to specific financial standards, making it particularly suitable for well-established firms with experience in the education sector and capabilities in managing complex auditing requirements. The appointment is a chance to build a long-term relationship with major educational institutions, potentially opening doors to further contracts in the public sector.

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Notice Title

Provision of External Audit Services to University of South Wales Group & Wrexham University Group

Notice Description

The University of South Wales has a requirement to tender for the provision of External Audit Services to the University of South Wales Group and Wrexham University Group, the parties to this tender. The University of South Wales Group and Wrexham University Group, parties to this tender, are seeking to appoint external auditors for up to a maximum of five years (three years in the first instance with the option of up to 2 x 1 year extensions on a +1, +1 basis) with effect from 1 August 2024. The appointment would be subject to the continued satisfactory performance by the successful service provider as well as meeting the target of agreed KPI's.

Lot Information

External Audit Services to University of South Wales Group & Wrexham University

The University of South Wales Group and Wrexham University, parties to this tender, are seeking to appoint external auditors for up to a maximum of five years (three years in the first instance with the option of up to 2 x 1 year extensions on a +1, +1 basis) with effect from 1 August 2024. The appointment would be subject to the continued satisfactory performance by the successful service provider as well as meeting the target of agreed KPI's.

Renewal: This contract will commence 1st August 2024, subject to the Parties respective Board approval, and will run for an initial 3 year term with an option of up to 2 x 1 year extensions on a +1, +1 basis, subject to agreement by the parties

External Audit Services to the subsidiary companies of both institutions plus Grant audits

The University of South Wales Group and Wrexham University, parties to this tender, are seeking to appoint external auditors for up to a maximum of five years (three years in the first instance with the option of up to 2 x 1 year extensions on a +1, +1 basis) with effect from 1 August 2024. The appointment would be subject to the continued satisfactory performance by the successful service provider as well as meeting the target of agreed KPI's.

Renewal: This contract will commence 1st August 2024, subject to the Parties respective Board approval, and will run for an initial 3 year term with an option of up to 2 x 1 year extensions on a +1, +1 basis, subject to agreement by the parties

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04484d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/033815-2024
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
Competitive procedure with negotiation
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

79210000 - Accounting and auditing services

79212000 - Auditing services

79212100 - Financial auditing services

79212300 - Statutory audit services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,691,400 £1M-£10M

Notice Dates

Publication Date
18 Oct 20241 years ago
Submission Deadline
12 Apr 2024Expired
Future Notice Date
Not specified
Award Date
29 Sep 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF SOUTH WALES
Additional Buyers

WREXHAM UNIVERSITY

Contact Name
Catherine Lund, Tina Struebig
Contact Email
arwel.staples@wrexham.ac.uk, procurement@southwales.ac.uk, tina.struebig@southwales.ac.uk
Contact Phone
+44 1443482383, +44 1978293188

Buyer Location

Locality
PONTYPRIDD
Postcode
CF37 1DL
Post Town
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
TLL15 Central Valleys

Local Authority
Rhondda Cynon Taf
Electoral Ward
Treforest
Westminster Constituency
Pontypridd

Supplier Information

Number of Suppliers
1
Supplier Name

HAYSMACINTYRE

Open Contracting Data Standard (OCDS)

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