Tender

Internal Audit Services

FALMOUTH EXETER PLUS

This public procurement record has 1 release in its history.

Tender

28 Apr 2025 at 16:10

UK4 - Tender Notice
Summary of the contracting process

Falmouth Exeter Plus is currently in the tender stage seeking an organisation to provide Internal Audit Services. The procurement process is under the open competition method, specifically targeting services within the procurement category, and is classified under the CPV code 79212200 for Internal Audit Services. This opportunity, located in Cornwall, United Kingdom, has a tender period ending on 2nd June 2025. Key dates also include an enquiry period closure on 23rd May 2025. The entire contract duration is 36 months, starting from 21st July 2025, with an extension option for an additional 24 months. The gross value of the contract is estimated at £108,000, with a net amount of £90,000.

This tender presents a significant prospect for businesses specialising in audit services, with a focus on providing independent appraisal functions, ensuring internal control adequacy within university settings. Enterprises that are especially well-suited to compete include small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs), as the procurement process supports reserved participation for these entities. The selection criteria include technical, commercial, and sustainability and social value elements, which account for 60%, 30%, and 10% of the assessment, respectively. Additionally, firms with expertise in delivering comprehensive audit reports and value-driven performance reviews will find this opportunity aligns well with their services. Businesses interested in this bid should prepare submissions in compliance with the specified electronic submission policy.

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Notice Information

Notice Title

Internal Audit Services

Notice Description

Internal Audit is an independent appraisal function within the University providing a service to management and is responsible to the Board of Governors and Audit & Risk Committee. The key role of internal audit is to provide assurance to the Governing Body as to the adequacy of the systems of internal control (including those arrangements for achieving economy, efficiency and effectiveness). The Audit & Risk Committee is responsible for reporting annually to the Board of Governors about the adequacy of the systems of internal control in place across the University. To help it arriving at an opinion on this it may rely on an internal audit service, who will report to it. For day-to-day issues, the Audit & Risk Committee delegates the co-ordination, direction and control of the audit to the Executive Director of Finance, Audit & Risk. The Internal Auditors appointed will have direct access as necessary, to the Executive Director of Finance, Audit & Risk, the Vice Chancellor and to the Chair of the Audit & Risk Committee. The scope of internal audit work extends to all of the University's activities. For each meeting of the Audit & Risk Committee (normally 3 per year) reports detailing the results of internal audit reviews undertaken must be presented. These need to be finalised and received by the University two weeks in advance of each meeting of the Audit & Risk Committee. In addition an annual report will be required summarising the work undertaken and providing an opinion to the Audit & Risk Committee as to the adequacy of the overall system of internal control. The successful firm may be asked to carry out special internal audit reviews requested by the Corporation, Audit & Risk Committee, Vice Chancellor or the Executive Director of Finance, Audit & Risk, providing such reviews do not compromise their objectivity or independence.

Lot Information

Lot LOT-0000

Renewal: 24 month extension option at the end of the first 36 months

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0508b4
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/017432-2025
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
Tender Suitability
SME, VCSE
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
£90,000 Under £100K
Lots Value
£90,000 Under £100K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
28 Apr 202510 months ago
Submission Deadline
2 Jun 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
21 Jul 2025 - 21 Jul 2028 3-4 years
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
FALMOUTH EXETER PLUS
Contact Name
Chris Jones
Contact Email
c.jones@fxplus.ac.uk
Contact Phone
+44 1326253504

Buyer Location

Locality
PENRYN, CORNWALL
Postcode
TR10 9FE
Post Town
Truro
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK3 Cornwall and Isles of Scilly
Small Region (ITL 3)
TLK30 Cornwall and Isles of Scilly
Delivery Location
Not specified
Local Authority
Cornwall
Electoral Ward
Constantine, Mabe & Mawnan
Westminster Constituency
Camborne and Redruth

Further Information

Notice Documents

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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