External Audit - Queen Margaret University

QUEEN MARGARET UNIVERSITY

This public procurement record has 1 release in its history.

Tender

16 Jun 2026 at 14:45

Summary of the contracting process

Queen Margaret University is inviting tenders for the provision of external audit services under a procurement exercise conducted via PCS-Tender. This tender, identified by the project code '32108', is active and in the tender stage. The procurement focuses on financial auditing services, with the audit covering Queen Margaret University and QMU Enterprises Ltd., and taking into account the joint venture with The Edinburgh Innovation Park Joint Venture Company Ltd. The contract spans an initial three-year period, covering fiscal years 2026/27 to 2028/29, and includes possible extensions of up to two additional years. Located in Musselburgh, Edinburgh, the deadline for tender submission is set for 17 July 2026, and the process follows an open procedure, allowing for electronic submissions.

This tender presents a significant growth opportunity for businesses specialising in financial auditing services, particularly those with experience in educational institutions. Companies with a robust track record of delivering high-quality audit services and possessing strong technical capabilities will be well-positioned to compete, given that technical quality accounts for 70% of the evaluation criteria, with price accounting for the remaining 30%. The successful firm will need to demonstrate public liability insurance cover of £2 million. Engaging in this contract could not only bolster the successful bidder's portfolio but also potentially offer further opportunities through contract extensions and increased visibility within the Scottish educational sector.

How relevant is this notice?

Notice Title

External Audit - Queen Margaret University

Notice Description

Queen Margaret University is seeking a company to supply External Audit Services

Lot Information

Lot 1

The University is seeking to appoint an External Audit firm to undertake the full statutory audits in respect of: Queen Margaret University, and QMU Enterprises Ltd. It should be noted that the University is an equal partner in a joint venture with East Lothian Council, The Edinburgh Innovation Park Joint Venture Company Ltd. While the External Auditor will not be required to conduct the audit of the joint venture, it will be required to be considered as part of the group. The University's financial year runs each year from 1 August to 31 July. The University expects to appoint the successful bidder for an initial three year term, in order that they can complete the FY 2026/27, FY 2027/28, and FY 2028/29 annual year-end audit. There is a possibility of extension of a further two year extensions in one year increments, subject to mutual agreement and satisfactory performance. The University is required to submit its annual accounts to the Scottish Funding Council by 31 December each year, and as such the successful applicant will be required to conduct their work such that this can achieved. Additional information: Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Renewal: option to extend for up to 24 months

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06b632
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/056760-2026
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79212000 - Auditing services

79212100 - Financial auditing services

79212300 - Statutory audit services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
16 Jun 20261 weeks ago
Submission Deadline
17 Jul 20264 weeks to go
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
5 years after date of award

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
QUEEN MARGARET UNIVERSITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MUSSELBURGH
Postcode
EH21 6UU
Post Town
Edinburgh
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM11 East Lothian and Midlothian
Delivery Location
TLM75 City of Edinburgh

Local Authority
East Lothian
Electoral Ward
Musselburgh
Westminster Constituency
Edinburgh East and Musselburgh

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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