Notice Information
Notice Title
Internal Audit Services
Notice Description
The University requires an internal audit service in compliance with the Code of Audit Practice. The Successful Bidder will be required to independently appraise the University's activities, its financial systems and management controls. The University adopts a risk-based approach to audit, taking account of the University's culture and business strategy. The Internal Audit Service provided by the Successful Bidder will be responsible for providing assurance to the University's Governing Body on all significant risks and control, including business risk. As part of its function, the Successful Bidder will evaluate and report to management on the effectiveness of governance, risk management and internal controls for which management is responsible.
Lot Information
Lot 1
The University requires an internal audit service in compliance with the Code of Audit Practice. The Successful Bidder will be required to independently appraise the University's activities, its financial systems and management controls. The University adopts a risk-based approach to audit, taking account of the University's culture and business strategy. The Internal Audit Service provided by the Successful Bidder will be responsible for providing assurance to the University's Governing Body on all significant risks and control, including business risk. As part of its function, the Successful Bidder will evaluate and report to management on the effectiveness of governance, risk management and internal controls for which management is responsible. Additional information: Bidders will need to register for free on the Proactis Pro-Contract procurement portal (https://procontract.due-north.com) by completing a simple registration. Once registered, bidders can use the search function under "find opportunities" to find the tender. If Bidders do not meet one or more of the minimum requirements for each Selection Criteria Bidders will be excluded from the process. If bidders pass all Selection Criteria, their Bid will be fully scored and evaluated. Bidders must submit their tender via the portal by 16 August 2024 The University expressly reserves the rights: i) Not to award any contract as a result of this procurement process commenced by publication of this notice. ii) To make whatever changes it may see fit to the content and structure of the tendering competition. iii) To award (a) contract(s) in respect of any part(s) of the [services] covered by this notice; and in no circumstances will the University be liable for any costs incurred by Bidders.
Options: It is anticipated that the new contract will be for an initial period of 3 years. With an option to extend for a further period of 2 years, at 12-month increments, taking the contract term to a maximum of 5 years. The Contract is intended to start on 1st August 2025. Any contract extension will be agreed upon between the University of Westminster and the successful bidder. The University will likely seek that the successful bidder demonstrate improvements and/or price reductions before considering an extension. For any extension(s) to the Contract, discussions with the successful bidder shall be conducted sufficiently far in advance of the contract expiry date to arrive at an agreed position.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-047b9a
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/020786-2024
- Current Stage
- Tender
- All Stages
- Tender
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
- Not specified
Common Procurement Vocabulary (CPV)
- CPV Divisions
79 - Business services: law, marketing, consulting, recruitment, printing and security
-
- CPV Codes
79212200 - Internal audit services
Notice Value(s)
- Tender Value
- Not specified
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 8 Jul 20241 years ago
- Submission Deadline
- 16 Aug 2024Expired
- Future Notice Date
- Not specified
- Award Date
- Not specified
- Contract Period
- Not specified - Not specified
- Recurrence
- Not specified
Notice Status
- Tender Status
- Active
- Lots Status
- Active
- Awards Status
- Not Specified
- Contracts Status
- Not Specified
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- THE UNIVERSITY OF WESTMINSTER
- Contact Name
- Not specified
- Contact Email
- procurement@westminster.ac.uk
- Contact Phone
- +44 2079115000
Buyer Location
- Locality
- LONDON
- Postcode
- W1B 2HW
- Post Town
- West 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
- Westminster
- Electoral Ward
- West End
- Westminster Constituency
- Cities of London and Westminster
Further Information
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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