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NRW Statutory Financial Audit of Annual Report and Accounts, IDD Accounts

Natural Resources Wales

This public procurement record has 1 release in its history.

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22 Apr 2026 at 09:45

UK5 - Transparency Notice
Summary of the contracting process

This procurement process, titled "NRW Statutory Financial Audit of Annual Report and Accounts, IDD Accounts," involves the contracting authority Natural Resources Wales, based in Cardiff, United Kingdom. The industry category for this procurement is services, specifically accounting, auditing, and fiscal services. The procurement process is in the award stage as of the last update dated 22nd April 2026. Audit Wales has been appointed under Welsh devolved regulations to perform statutory financial audits for the financial year 2026, due to their exclusive legal rights as external auditors for NRW. The contract period begins on 4th May 2026 and ends on 31st March 2027. The procurement method is a direct award, as Audit Wales is the sole legally permitted supplier due to unique statutory rights, eliminating the need for an open competitive tender.

This tender provides substantial opportunities for growth in the audit services sector, although due to statutory and legal constraints, it is not open to multiple bidders. This exclusive arrangement highlights the business potential for organisations like Audit Wales, who have secured significant contracts due to their statutory rights. Firms in the auditing and accounting industry that possess similar exclusive rights or who can leverage specific statutory privileges in their jurisdiction can strategically position themselves for similar opportunities. Though not a typical competitive procurement opportunity, it exemplifies the importance of understanding regulatory frameworks and exclusive rights to maximise business growth.

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Notice Information

Notice Title

NRW Statutory Financial Audit of Annual Report and Accounts, IDD Accounts

Notice Description

Audit Wales have been appointed by law as the external auditors of NRW and other public bodies in Wales - Financial Year 2026

Procurement Information

Audit Wales holds exclusive statutory rights to act as NRW's external auditor under legislation; no alternative supplier is legally permitted, justifying a direct award under single supplier - exclusive rights.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-068814
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/036413-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK5 - Transparency Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
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

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£219,183 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
22 Apr 20264 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
22 Apr 20264 months ago
Contract Period
4 May 2026 - 31 Mar 2027 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Natural Resources Wales
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CARDIFF
Postcode
CF10 3NQ
Postcode Area
Cardiff
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL52 Cardiff and Vale of Glamorgan
Delivery Location
Not specified
Local Authority
Cardiff
Electoral Ward
Cathays
Westminster Constituency
Cardiff South and Penarth

Supplier Information

Number of Suppliers
1
Supplier Name

Audit Wales

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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