Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Provision of Internal Audit Services to the Finance Wales Group

Finance Wales plc

This public procurement record has 1 release in its history.

Award

13 Aug 2024 at 01:00

OJEU - F3 - Contract Award Notice
Summary of the contracting process

Finance Wales plc, located in Cardiff, has sought bids for the provision of internal audit services to the Finance Wales Group. The procurement falls under the "Economic affairs" industry category and was conducted via an open procedure. Important dates include the issuance of the award notice on 13th August 2024. The contract, initially proposed to run for five years with an option to terminate after three years, was eventually cancelled at the award stage. This tender involved evaluating the effectiveness of risk management, control, and governance within the organisation.

This procurement opportunity offers significant growth potential for firms specialising in internal audit services, especially those with experience in public sector financial management. Businesses capable of ensuring consistency across all required audit services, and those familiar with compliance and governance in economic affairs, would find this contract highly suitable. Although the tender has been cancelled, similar future opportunities from Finance Wales could be highly beneficial for companies looking to expand their portfolio in this sector.

How relevant is this notice?

Notice Information

Notice Title

Provision of Internal Audit Services to the Finance Wales Group

Notice Description

Finance Wales (FW) is looking to procure a suitable organisation to carry out internal audit services for the Finance Wales Group. Further information regarding the services can be obtained from the Invitation to Tender. The tender will be undertaken through an electronic tendering profile at www.etenderwales.bravosolution.co.uk. Full instructions on accessing the eTender are found in section V1.3 of this notice.

Lot Information

Lot 1

FW is seeking to appoint an organisation to provide internal audit services to evaluate the effectiveness of the controls established by FW's management team and its approach to risk management, control and governance comprised within the policies, procedures and operations of the Finance Wales Group. The services required are described in the Invitation to Tender. FW has concluded that it is not appropriate to divide the internal audit services into lots because of the importance of ensuring consistency of service provision across all of the internal audit services required.. The contract will run for a period of 5 years but FW will have the option to terminate the contract after 3 years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-069009
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=069009
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award 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

79212200 - Internal 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
13 Aug 20242 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
13 Aug 20242 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Cancelled
Lots Status
Cancelled
Awards Status
Unsuccessful
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Finance Wales plc
Additional Buyers

Finance 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 4BZ
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
TLL Wales
Local Authority
Cardiff
Electoral Ward
Butetown
Westminster Constituency
Cardiff South and Penarth

Further Information

Notice Documents

  • https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=AUG487749
    Provision of Internal Audit Services to the Finance Wales Group - Finance Wales (FW) is looking to procure a suitable organisation to carry out internal audit services for the Finance Wales Group. Further information regarding the services can be obtained from the Invitation to Tender. The tender will be undertaken through an electronic tendering profile at www.etenderwales.bravosolution.co.uk. Full instructions on accessing the eTender are found in section V1.3 of this notice.

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.

Loading OCDS record...