Award

Provision of internal audit services

WATER INDUSTRY COMMISSION FOR SCOTLAND

This public procurement record has 2 releases in its history.

Award

18 Oct 2024 at 12:48

Tender

15 Aug 2024 at 14:39

Summary of the contracting process

The Water Industry Commission for Scotland (WICS) has completed the procurement process for the provision of internal audit services, which falls under the industry category of internal audit services (CPV code 79212200). Located in Stirling (UKM72), this contract is described as a comprehensive analysis of governance, risk management, and internal control systems with a focus on establishing a risk-based assurance programme. The contract was awarded to Azets Technology Solutions Limited on 17th October 2024, following an open procedure. The services were deemed crucial for WICS’s compliance with internal and external regulations in line with the Scottish Public Finance Manual (SPFM). The procurement process saw seven bids, with two of these being from SMEs.

This tender offers substantial opportunities for businesses specialising in audit services, particularly those with certifications such as Chartered Internal Auditor (CIA), Chartered Accountant (CA), or Certified Information Systems Auditor (CISA). Companies with expertise in public sector auditing and membership in the Institute of Internal Auditors (IIA) would find this contract especially fitting. Winning such contracts can provide businesses with valuable experience in public sector auditing, enhancing their portfolio and broadening their market reach. The procurement was conducted through an open procedure, favouring transparency and equal opportunity, thus encouraging competitive participation from eligible firms.

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Notice Title

Provision of internal audit services

Notice Description

The provision of internal audit services to a small, non-departmental public body

Lot Information

Lot 1

The internal audit function will be required to (i) analyse the governance, risk management and internal control system and establish a risk-based assurance programme; (ii) identify and evaluate the controls which are established to achieve objectives in the most economical, effective and efficient manner; (iii) report findings and conclusions and, where appropriate, make recommendations for improvement; (iv) provide an opinion on the controls under review; and (v) provide assurance based on evaluating the governance, risk management and internal control system within the organisation as a whole. For each year from 1 April to 31 March the following year, the internal audit team will be responsible for proposing a programme of work and submitting it for approval to the ARC that focuses on areas of specific business risk that WICS faces regularly. This focus will include compliance with internal and external WICS regulations, particularly in line with the Scottish Public Finance Manual (SPFM). Annual audit assu

Renewal: Subject to Scottish Government approval, the contract may be extended by three periods of one year.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-048b41
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/033766-2024
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

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


CPV Codes

79212200 - Internal audit services

Notice Value(s)

Tender Value
£325,000 £100K-£500K
Lots Value
£325,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£325,000 £100K-£500K

Notice Dates

Publication Date
18 Oct 20241 years ago
Submission Deadline
16 Sep 2024Expired
Future Notice Date
Not specified
Award Date
16 Oct 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
WATER INDUSTRY COMMISSION FOR SCOTLAND
Contact Name
Not specified
Contact Email
enquiries@watercommission.co.uk
Contact Phone
+44 01786430200

Buyer Location

Locality
STIRLING
Postcode
FK8 1QZ
Post Town
Falkirk and Stirling
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM0 Eastern Scotland
Small Region (ITL 3)
TLM02 Perth and Kinross, and Stirling
Delivery Location
TLM77 Perth and Kinross, and Stirling

Local Authority
Stirling
Electoral Ward
Stirling North
Westminster Constituency
Stirling and Strathallan

Supplier Information

Number of Suppliers
1
Supplier Name

AZETS TECHNOLOGY SOLUTIONS

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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