Award

1062 - Internal Audit Services

ASTON UNIVERSITY

This public procurement record has 2 releases in its history.

Award

22 May 2025 at 12:33

Tender

18 Nov 2024 at 14:00

Summary of the contracting process

Aston University, located in Birmingham, recently concluded an open procurement process to secure an internal audit partner, under the title "1062 - Internal Audit Services". The tender, classified under the industry category of internal audit services (CPV code 79212200), sought a partner who could provide strategic and responsive assurance services aligned with the university's values and 2030 strategy. The procurement process progressed through various stages, ultimately awarding the contract to KPMG LLP on 22nd May 2025, with the total contract value being £450,000. This contract underscores Aston University’s commitment to enhancing its control environment and fostering transformational impacts for its stakeholders. The procurement utilised an open procedure for the tendering and entailed a tender period submission deadline of 13th January 2025, aimed at identifying a partner capable of contributing to the university’s long-term objectives.

This tender opens substantial growth avenues for firms specialising in audit and assurance services, particularly those adept at co-sourcing and providing strategic consultancy alongside traditional auditing. Businesses that can demonstrate robust quality over price considerations, as indicated by the 80:20 award criteria split, are particularly well-suited to compete for such opportunities in the future. Partnering with a leading institution like Aston University not only offers direct financial benefits through the contract but also enhances a firm's reputation and expands its portfolio within the education sector, particularly for those with expertise in navigating dynamic and complex compliance and strategic environments.

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Notice Title

1062 - Internal Audit Services

Notice Description

Aston University is inviting tenders to provide an Internal Audit Service (IAS). Aston University recognises the organisational value that may be derived through a robust control environment incorporating effective first, second and third lines. Selecting the optimum co-source internal audit partner is very important to us: our vision is to be a leading university of science, technology and enterprise, measured by the positive transformational impact we achieve for our people, students, businesses and the communities we serve. This means that we will need to think and act differently, beyond the conventional boundaries of today. We need an internal audit partner who can not only provide assurance over our current control environment, but can work with us collaboratively in accordance with our Values to achieve our 2030 strategy. This means providing insight and advice to support us to become future-proof, more resilient and responsive to external changes and disruptions, and able to drive new high impact developments.

Lot Information

Lot 1

Aston University is inviting tenders to provide an Internal Audit Service (IAS). Aston University recognises the organisational value that may be derived through a robust control environment incorporating effective first, second and third lines. Selecting the optimum co-source internal audit partner is very important to us: our vision is to be a leading university of science, technology and enterprise, measured by the positive transformational impact we achieve for our people, students, businesses and the communities we serve. This means that we will need to think and act differently, beyond the conventional boundaries of today. We need an internal audit partner who can not only provide assurance over our current control environment, but can work with us collaboratively in accordance with our Values to achieve our 2030 strategy. This means providing insight and advice to support us to become future-proof, more resilient and responsive to external changes and disruptions, and able to drive new high impact developments.

Renewal: 3 year initial term, 4 years optional extensions (maximum 7 years total)

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04b754
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/024821-2025
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
Not specified
Lots Value
£450,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£450,000 £100K-£500K

Notice Dates

Publication Date
22 May 20259 months ago
Submission Deadline
13 Jan 2025Expired
Future Notice Date
Not specified
Award Date
21 May 20259 months 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
ASTON UNIVERSITY
Contact Name
Mr Jacob Rankine
Contact Email
j.rankine@aston.ac.uk
Contact Phone
+44 1212043000

Buyer Location

Locality
BIRMINGHAM
Postcode
B4 7ET
Post Town
Birmingham
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
TLG31 Birmingham

Local Authority
Birmingham
Electoral Ward
Nechells
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG

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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