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Invitation to Tender for External Quality Review Services of Financial Audits - Northern Ireland Audit Office

Northern Ireland Audit Office

This public procurement record has 2 releases in its history.

TenderUpdate

12 Aug 2024 at 14:00

Tender Notice
Tender

09 Aug 2024 at 11:27

Tender Notice
Summary of the contracting process

The Northern Ireland Audit Office (NIAO) has issued an invitation to tender for the provision of external quality review services for financial audits, under an open procurement procedure. The procurement falls under the industry category of statutory audit services and is intended for services within Northern Ireland. The procurement process is currently at the tender stage, with the deadline for submissions set for 2nd September 2024 at 11:00. The estimated value of the contract has been increased to £250,000, and the services are urgently required. The contract will span a term of 3 years, with options for two additional one-year extensions.

This tender presents significant opportunities for businesses specialising in statutory and financial audit services. Small to medium-sized enterprises with expertise in external quality reviews and a solid understanding of public sector financial audits will be particularly well-suited to compete. Winning this contract could provide a stable and recurring revenue stream over the term of the contract, with potential for extensions. Moreover, the scope includes possible extensions to related or ancillary services within the overarching category, thereby broadening the opportunities for growth and engagement with the Northern Ireland Audit Office.

How relevant is this notice?

Notice Information

Notice Title

Invitation to Tender for External Quality Review Services of Financial Audits - Northern Ireland Audit Office

Notice Description

The Comptroller and Auditor General is an Officer of the Northern Ireland Assembly. She is supported in the delivery of her functions by the Northern Ireland Audit Office (NIAO). Her work includes financial audits of a range of public bodies in Northern Ireland. The Authority continues to have a need to appoint a supplier with the knowledge and expertise to provide an annual external quality review of its financial audits.

Lot Information

Lot 1

Provision of External Quality Review Services of Financial Audits in central government in Northern Ireland. Additional information: This service comprises the External Quality Review of the Financial Audits of a minimum of 3 public bodies each year.

Options: At its sole discretion, the Authority may elect to exercise the option for Additional Services or Similar Services as specified in the Contract.

Renewal: Minimum duration in months is 36. The Authority may, in its absolute discretion, choose to extent the Initial Term of this Contract by 2 further periods of 12 months each.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-048951
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/025431-2024
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

79200000 - Accounting, auditing and fiscal services

79210000 - Accounting and auditing services

79212000 - Auditing services

79212100 - Financial auditing services

79212300 - Statutory audit services

Notice Value(s)

Tender Value
£212,500 £100K-£500K
Lots Value
£212,500 £100K-£500K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
12 Aug 20242 years ago
Submission Deadline
30 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
Northern Ireland 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
BELFAST
Postcode
BT7 1EU
Postcode Area
Northern Ireland
Country
Northern Ireland
Major Region (ITL 1)
TLN Northern Ireland
Basic Region (ITL 2)
TLN0 Northern Ireland
Small Region (ITL 3)
TLN06 Belfast
Delivery Location
TLN Northern Ireland
Local Authority
Belfast
Electoral Ward
Central
Westminster Constituency
Belfast South and Mid Down

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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