Award

Internal Audit Co-Sourcing 2025-26

LONDON BOROUGH OF BROMLEY

This public procurement record has 1 release in its history.

Award

30 Sep 2025 at 09:33

UK7 - Contract Details Notice
Summary of the contracting process

The London Borough of Bromley completed its procurement process titled "Internal Audit Co-Sourcing 2025-26," which involved the provision of auditing services under the legal framework UKPGA 2023/54. This award was made in a competitive yet limited context due to its status as a 'below threshold' procurement. With a focus on the services industry, it outlined the necessity for four pieces of audit work to be completed for the internal audit co-sourcing arrangements. The procurement was finalised by the award date of 21st May 2025, and the contract was signed for a period stretching from 21st May 2025 to 31st October 2025. Services related to this contract were to be delivered within the region defined as UKI61, indicating a focus on the Greater London area.

This tender presents significant opportunities for businesses specialising in auditing services, particularly those experienced in co-sourcing arrangements. With an awarded contract value amounting to £25,080 in GBP, it poses an attractive growth opportunity for SMEs like TIAA LTD, the successful supplier. Such contracts allow businesses to establish or strengthen relationships with public authority entities, potentially leading to further opportunities in both local and broader government service sectors. Companies versed in rendering financial auditing services to public authorities would find this type of contract fitting for their skill set and operational scope, paving the way for future engagement in similar audits or extended service provisions with public sector clients.

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Notice Information

Notice Title

Internal Audit Co-Sourcing 2025-26

Notice Description

The delivery of four pieces of audit work for the Internal Audit Co- Sourcing arrangements 2025-26.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05a4a8
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/060767-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Below threshold - limited 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
£25,080 Under £100K

Notice Dates

Publication Date
30 Sep 20254 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
20 May 20259 months ago
Contract Period
20 May 2025 - 31 Oct 2025 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF BROMLEY
Contact Name
Not specified
Contact Email
procurement@bromley.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
BROMLEY
Postcode
BR1 1DP
Post Town
Bromley
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI61 Bromley
Delivery Location
Not specified
Local Authority
Bromley
Electoral Ward
Bromley Town
Westminster Constituency
Bromley and Biggin Hill

Supplier Information

Number of Suppliers
1
Supplier Name

TIAA

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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