Award

External Audit Services

SRUC

This public procurement record has 3 releases in its history.

Award

05 May 2026 at 08:08

Tender

12 Feb 2026 at 15:16

Planning

26 Jan 2026 at 15:17

Summary of the contracting process

The recent public procurement process by SRUC, a notable tertiary education institution, concluded with the awarding of a contract for "External Audit Services" to RSM UK Audit LLP. SRUC, based in Edinburgh and integral to supporting Scotland's rural economy, sought to enhance their audit capabilities. This procurement, under the services category, focused on accounting and auditing services with a particular emphasis on financial auditing. The process reached the award stage on 5th May 2026, with the contract signed for a value of £515,175. The contract runs for an initial period of 36 months commencing around 13th April 2026, with an option for two 12-month extensions. The procurement was conducted using an open procedure, ensuring transparency and competitiveness.

This tender presents significant opportunities for businesses in the accounting and auditing domain, particularly those with experience in the higher education sector. Companies capable of demonstrating strong organisational experience, contract management skills, and compliance with financial and regulatory standards were highly suited to this opportunity. The procurement criteria placed a premium on quality, including organisational experience, supplier delivery, and added value through sector insights. While the opportunity has now been awarded, similar future tenders by SRUC could enable firms to tap into an established network and gain substantial growth by aligning with the institution's broader mission of addressing global challenges in areas like food, nutrition, and sustainability.

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Notice Title

External Audit Services

Notice Description

SRUC is a distinctive tertiary education institution with a national mission to support Scotland's rural economy and address global challenges in food, nutrition , and environmental sustainability. Operating across education, research, and consultancy, SRUC plays a unique role at the intersection of academic excellence, applied research, and industry engagement. SRUC seek to appoint a service provider to deliver external audit services to SRUC which will include: 1. Provide an opinion on the financial statements of the SRUC group of companies, in line with Company Law, Financial Reporting Standard 102 (FRS102), The Charities and Trustee Investment (Scotland) Act 2005, Regulation 8 of the Charities Accounts (Scotland) and the Statement of Recommended Practice (SORP) relating to Higher Education Institutions; 2. Provide an opinion, where required, to be included in the independent auditor's report to the SRUC Board regarding SRUC's various funding streams and their use (including, but not limited to funds received from the Scottish Government, and the Scottish Funding Council). The wording of this opinion must meet any requirements of Financial Memoranda or contracts; 3. Provide reports (including the auditor's report to those charged with governance and management letter) to senior management and the SRUC Audit and Risk Committee. This requirement includes attendance and presentation of reports and findings at Committee meetings.

Lot Information

Lot 1

Full details can be found in Schedule 2 of the Invitation to Tender document.

Renewal: The contract will commence on or around 13 April 2026 for a period of 36 months, with the possibility of two extensions of 12 months by mutual agreement, unless the contract is terminated earlier, in accordance with the provisions of the Terms and Conditions of Contract as noted in Schedule 9 of this tender.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-060ecb
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/040805-2026
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Planning 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

79210000 - Accounting and auditing services

79212000 - Auditing services

79212100 - Financial auditing services

79212300 - Statutory audit services

Notice Value(s)

Tender Value
£450,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£515,175 £500K-£1M

Notice Dates

Publication Date
5 May 20261 weeks ago
Submission Deadline
17 Mar 2026Expired
Future Notice Date
16 Feb 2026Expired
Award Date
4 May 20261 weeks ago
Contract Period
Not specified - Not specified
Recurrence
Every 3 to 5 years

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SRUC
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EDINBURGH
Postcode
EH9 3JG
Post Town
Edinburgh
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM75 City of Edinburgh

Local Authority
City of Edinburgh
Electoral Ward
Southside/Newington
Westminster Constituency
Edinburgh South

Supplier Information

Number of Suppliers
1
Supplier Name

RSM UK AUDIT

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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