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Internal Audit Service Lifestone Homes

Paradigm Housing Group

This public procurement record has 1 release in its history.

Tender

14 Oct 2026 at 16:33

UK4 - Tender Notice
Summary of the contracting process

Lifestone Home Limited is seeking a provider of internal audit services for its group and subsidiaries. The work covers an independent, objective audit service, including a risk-based internal audit programme, assurance reviews and related advisory services. The provider will give the Board, Audit and Risk Committee and Executive Team assurance on the effectiveness of governance, risk management and internal controls. Services are to follow the current Global Internal Audit Standards and relevant sector best practice. This is a professional services requirement for organisations with internal audit expertise; delivery is across the Lifestone group in the United Kingdom.

The buyer invited offers through an open, competitive flexible procedure. It has two stages: initial bids are assessed against participation conditions, price and quality, with the three highest-scoring tenderers invited to present; presentation scores are combined with first-stage scores to determine the winner. Enquiries were due by 4 November 2026 at 17:00, and bids by 13 November 2026 at 17:00. The award decision was scheduled by 4 January 2027. The contract runs from 18 January 2027 to 17 January 2030, with two possible 12-month extensions, potentially taking it to 17 January 2032. Estimated value is £1 million excluding VAT (£1.2 million including VAT). Quality carries 60%, price 20% and presentation 20%. Economic and technical participation conditions apply, as set out in the Participation Questionnaire. There is one lot.

This opportunity suits an established internal audit provider able to serve a group and its subsidiaries and deliver work across governance, risk management and internal controls. Suppliers will need to design and carry out a risk-based audit programme, conduct assurance reviews and provide related advisory support, while maintaining the independence and objectivity expected of an internal auditor. The buyer requires work to follow current Global Internal Audit Standards and relevant sector best practice. Bidders should be ready to demonstrate both economic and technical capacity through the participation conditions, then present their approach if shortlisted. The evaluation gives substantial weight to quality and includes a separate presentation assessment, so providers with credible delivery methods and the ability to explain them clearly are well placed to compete.

How relevant is this notice?

Notice Information

Notice Title

Internal Audit Service Lifestone Homes

Notice Description

Lifestone Homes Limited wishes to appoint an Internal Audit Service Provider to undertake the provision of internal audit services across the Group. The Contract is intended to commence prior to the start of the 2027/28 financial year to facilitate mobilisation and planning activities required to deliver services from 2027/28 onwards. The Contract will be awarded for an initial three (3) year term, with the option to extend for up to two additional years on a (1 + 1) year basis (3 + 1 + 1) to total five years (5). The scope of services to be delivered under the Contract will be to provide an independent and objective internal audit service to the Group and its subsidiaries, including the delivery of a risk-based internal audit programme, assurance reviews and related advisory services. Services shall be undertaken in accordance with current Global Internal Audit Standards (GIAS) and relevant sector best practice, providing assurance to the Board, Audit and Risk Committee, and Executive Team on the effectiveness of governance, risk management and internal control arrangements.

Lot Information

Lot 1

Renewal: Two options to extend at 12 months each (+1+1).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0787f3
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/097196-2026
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79212200 - Internal audit services

Notice Value(s)

Tender Value
£1,000,000 £1M-£10M
Lots Value
£1,000,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
14 Oct 20261 weeks ago
Submission Deadline
13 Nov 20263 weeks to go
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
18 Jan 2027 - 17 Jan 2030 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Paradigm Housing Group
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WOOBURN GREEN
Postcode
HP10 0DF
Postcode Area
Hemel Hempstead
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ13 Buckinghamshire
Delivery Location
Not specified
Local Authority
Buckinghamshire
Electoral Ward
Flackwell Heath & The Wooburns
Westminster Constituency
Beaconsfield

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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