Award

External Quality Assessment of Internal Audit

THE PENSIONS REGULATOR

This public procurement record has 1 release in its history.

Award

08 Sep 2025 at 15:27

Summary of the contracting process

The procurement process conducted by The Pensions Regulator, titled "External Quality Assessment of Internal Audit," falls under the services category and involves auditing services. The organisation is based in Brighton, United Kingdom, and the procurement relates to an assessment ensuring compliance with global internal audit standards, required every five years. The procurement method used was a direct approach below the threshold, without competition, and the contract has been successfully awarded to the Chartered Institute of Internal Auditors. Key dates indicate the contract started on 19th August 2025, with a completion date projected for 31st March 2026, though it may extend till 30th June 2026 if necessary, covering services across Ireland.

This tender presents an opportunity for entities specialising in auditing services, particularly those familiar with internal audit assessments, to leverage growth in international markets as it involves work related to compliance with global standards. Businesses with expertise in providing in-depth quality assessments of audit processes are aptly suited to participate in similar future tenders. The necessity of a renewal possibility with a 14-day notice further highlights the advantage for agile small and medium-sized enterprises that can offer flexible service completion schedules. While the initial procurement didn’t involve an open competition, understanding the direct procurement method can prepare businesses for avenues where they might still deliver specialised services.

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Notice Title

External Quality Assessment of Internal Audit

Notice Description

To provide an external quality assessment in internal audit team and processes to remain compliant with global internal audit standards this is required every 5 years.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-059625
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/054792-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79212000 - Auditing services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£24,635 Under £100K

Notice Dates

Publication Date
8 Sep 20255 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
18 Aug 20256 months ago
Contract Period
18 Aug 2025 - 31 Mar 2026 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
THE PENSIONS REGULATOR
Contact Name
Not specified
Contact Email
acommercial@tpr.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
BRIGHTON
Postcode
BN1 6AF
Post Town
Brighton
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ21 Brighton and Hove
Delivery Location
Not specified

Local Authority
Brighton and Hove
Electoral Ward
Preston Park
Westminster Constituency
Brighton Pavilion

Supplier Information

Number of Suppliers
1
Supplier Name

CHARTERED INSTITUTE OF INTERNAL AUDITORS

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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