Award

Audit Substantive Testing Data Automation Tool

NATIONAL AUDIT OFFICE

This public procurement record has 2 releases in its history.

Award

04 Dec 2024 at 16:05

Tender

25 Jul 2024 at 11:05

Summary of the contracting process

The National Audit Office (NAO) has awarded a contract for the "Audit Substantive Testing Data Automation Tool" in the services category, specifically financial auditing services. The procurement process is currently in the award stage, with the contract signed on 2nd December 2024. This project involves the provision of a software solution to assist with automating audit testing and documentation processes. The awarded contract, valued at £660,000 excluding VAT, will cover substantive testing and financial statement procedures. The procurement method used was an open procedure, with the delivery region specified as the United Kingdom.

This tender presents significant opportunities for businesses specialising in financial auditing and software development, particularly those developing automated solutions. Small or medium enterprises (SMEs) are encouraged to participate, providing innovative and efficient automation tools that can streamline audit testing and documentation processes. The contract, which has a potential term of up to three years, is ideal for companies equipped to supply robust, off-the-shelf software solutions to the NAO, ultimately fostering growth and strengthening their market presence in the public sector.

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Notice Title

Audit Substantive Testing Data Automation Tool

Notice Description

The National Audit Office (NAO) has awarded a contract for the provision of a software solution to assist with automating our audit testing and documentation process, covering two use-cases within financial audit: 1.Substantive testing - Test of detail/Test of control automation 2.Financial Statement procedures The estimated total value in this notice excludes VAT and is for the duration of the maximum contract term (1+1+1).

Lot Information

Lot 1

The National Audit Office (NAO) has awarded a contract for the provision of a software solution to assist with automating our audit testing and documentation process, covering two use-cases within financial audit: 1.Substantive testing - Test of detail/Test of control automation 2.Financial Statement procedures The estimated total value in this notice excludes VAT and is for the duration of the maximum contract term (1+1+1).

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-048481
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/039114-2024
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

48000000 - Software package and information systems

79200000 - Accounting, auditing and fiscal services

79212000 - Auditing services

79212100 - Financial auditing services

Notice Value(s)

Tender Value
£690,000 £500K-£1M
Lots Value
£690,000 £500K-£1M
Awards Value
Not specified
Contracts Value
£660,000 £500K-£1M

Notice Dates

Publication Date
4 Dec 20241 years ago
Submission Deadline
28 Aug 2024Expired
Future Notice Date
Not specified
Award Date
2 Dec 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
NATIONAL AUDIT OFFICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1W 9SP
Post Town
South 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
Pimlico North
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

DATASNIPPER

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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