Award

Provision of Internal Audit Services

UNIVERSITY OF BEDFORDSHIRE

This public procurement record has 2 releases in its history.

Award

08 Nov 2024 at 11:57

Tender

18 Mar 2024 at 12:52

Summary of the contracting process

The University of Bedfordshire is procuring internal audit services under the title "Provision of Internal Audit Services" within the auditing services industry category (CPV 79212000). The procurement took place in the East of England (UKH2 region) and has advanced to the contract award stage, with the contract being awarded on 8 November 2024. The procurement process utilised the open procedure method, focusing on both quality and cost equally, and culminated in a contract valued at £504,000 awarded to Tiaa Ltd. The initial tender was active as of 18 March 2024, with a submission deadline on 18 April 2024, and the contract signed is set to cover a period from 1 August 2024 to 31 July 2027, with a possible extension until 31 July 2029.

This tender represents a significant business opportunity for firms specialising in auditing and related services such as internal audit, statutory audit, or fraud audit. The contract offers a substantial value, making it particularly attractive for SMEs like Tiaa Ltd, which successfully secured the contract. Businesses capable of delivering high-quality and cost-effective audit solutions stand to benefit from competing in similar tenders. This procurement process underscores the importance of businesses with robust audit capabilities and the potential to deliver comprehensive internal audit services aligning with the University of Bedfordshire's needs and procurement objectives.

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Notice Title

Provision of Internal Audit Services

Notice Description

Provision of Internal Audit services - UoB

Lot Information

Lot 1

Provision of Internal Audit services

Renewal: Contract runs from 01/08/2024 - 31/07/2027 with possible extension from 01/08/2027 - 31/07/2029

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0449dd
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/036230-2024
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

79212000 - Auditing services

79212100 - Financial auditing services

79212200 - Internal audit services

79212300 - Statutory audit services

79212400 - Fraud audit services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
£500,000 £500K-£1M
Awards Value
Not specified
Contracts Value
£504,000 £500K-£1M

Notice Dates

Publication Date
8 Nov 20241 years ago
Submission Deadline
18 Apr 2024Expired
Future Notice Date
Not specified
Award Date
8 Nov 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 BEDFORDSHIRE
Contact Name
Damola Aladesiun
Contact Email
procurement@beds.ac.uk
Contact Phone
Not specified

Buyer Location

Locality
LUTON
Postcode
LU1 3JU
Post Town
Luton
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH21 Luton
Delivery Location
TLH2 Bedfordshire and Hertfordshire

Local Authority
Luton
Electoral Ward
Central
Westminster Constituency
Luton South and South Bedfordshire

Supplier Information

Number of Suppliers
1
Supplier Name

TIAA

Open Contracting Data Standard (OCDS)

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