Award

The Provision of Internal Audit Services to the Development Bank of Wales

DEVELOPMENT BANK OF WALES

This public procurement record has 2 releases in its history.

Award

13 Aug 2024 at 00:00

Tender

13 Apr 2022 at 00:00

Summary of the contracting process

The Development Bank of Wales has concluded an open procurement process to appoint RSM UK Risk Assurance Services LLP as the provider of internal audit services over a period of five years. The contract, valued at £226,168 GBP, was officially signed on 30th March 2022. This procurement falls under the 'economic affairs' category, classified under CPV code 79210000. The project is situated within the UK, specifically at the bank's headquarters in Wrexham. The tender phase was completed on 20th May 2022, and the contract has since been active, moving from the planning to the award stage efficiently.

This tender presents significant opportunities for businesses specialising in audit services, particularly those with a background in economic and financial sectors. SMEs like RSM UK Risk Assurance Services LLP are notably competitive for such contracts due to their specialised knowledge and ability to meet the quality and price criteria set forth by the Development Bank of Wales. Businesses that can offer comprehensive internal audit services with demonstrable expertise in sector and client knowledge would be well suited to compete for similar opportunities, promoting their visibility and expanding their market presence through successful bidding.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

The Provision of Internal Audit Services to the Development Bank of Wales

Notice Description

The Development Bank of Wales is looking to appoint an organisation to provide Internal Audit Services over a period of 5 years.

Lot Information

Lot 1

The Development Bank of Wales Group (DBWG) is inviting tenders to appoint an organisation to provide the internal audit services over a period of 5 years. Further information about the Services and DBWG's requirements is contained in sections 3 and 4 of the Invitation to Tender (ITT).

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-120506
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=120506
Current Stage
Award
All Stages
Tender, 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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79210000 - Accounting and auditing services

Notice Value(s)

Tender Value
£400,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£226,168 £100K-£500K

Notice Dates

Publication Date
13 Aug 20241 years ago
Submission Deadline
20 May 2022Expired
Future Notice Date
Not specified
Award Date
30 Mar 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
DEVELOPMENT BANK OF WALES
Contact Name
Sarah Patnett
Contact Email
procurement@developmentbank.wales
Contact Phone
+44 7884587034

Buyer Location

Locality
WREXHAM
Postcode
LL13 7YL
Post Town
Llandudno
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL3 North Wales
Small Region (ITL 3)
TLL34 Flintshire and Wrexham
Delivery Location
Not specified

Local Authority
Wrexham
Electoral Ward
Brynyffynnon
Westminster Constituency
Wrexham

Supplier Information

Number of Suppliers
1
Supplier Name

RSM UK RISK ASSURANCE SERVICES

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-kuma6s-120506-2024-08-13T00:00:00Z",
    "date": "2024-08-13T00:00:00Z",
    "ocid": "ocds-kuma6s-120506",
    "initiationType": "tender",
    "parties": [
        {
            "id": "org-22",
            "name": "Development Bank of Wales",
            "identifier": {
                "legalName": "Development Bank of Wales"
            },
            "address": {
                "streetAddress": "Development Bank of Wales, nit J Yale Business Village, Ellice Way,",
                "locality": "Wrexham",
                "region": "UKL",
                "postalCode": "LL13 7YL"
            },
            "contactPoint": {
                "name": "Sarah Patnett",
                "email": "procurement@developmentbank.wales",
                "telephone": "+44 7884587034",
                "faxNumber": "+44 2920338101",
                "url": "https://etenderwales.bravosolution.co.uk"
            },
            "roles": [
                "buyer",
                "centralPurchasingBody"
            ],
            "details": {
                "classifications": [
                    {
                        "id": "Body governed by public law",
                        "scheme": "TED_CA_TYPE"
                    },
                    {
                        "id": "04",
                        "description": "Economic affairs",
                        "scheme": "COFOG"
                    }
                ],
                "url": "https://www.developmentbank.wales"
            }
        },
        {
            "id": "org-2",
            "name": "High Court",
            "identifier": {
                "legalName": "High Court"
            },
            "address": {
                "streetAddress": "Royal Courts of Justice, The Strand",
                "locality": "London",
                "postalCode": "WC2A 2LL"
            },
            "contactPoint": {
                "telephone": "+44 2079477501"
            },
            "roles": [
                "reviewBody"
            ]
        },
        {
            "id": "org-59",
            "name": "Development Bank of Wales",
            "identifier": {
                "legalName": "Development Bank of Wales"
            },
            "address": {
                "streetAddress": "Development Bank of Wales, nit J Yale Business Village, Ellice Way,",
                "locality": "Wrexham",
                "region": "UKL",
                "postalCode": "LL13 7YL"
            },
            "contactPoint": {
                "name": "Sarah Patnett",
                "email": "procurement@developmentbank.wales",
                "telephone": "+44 7884587034",
                "faxNumber": "+44 2920338101"
            },
            "roles": [
                "buyer",
                "centralPurchasingBody"
            ],
            "details": {
                "classifications": [
                    {
                        "id": "Body governed by public law",
                        "scheme": "TED_CA_TYPE"
                    },
                    {
                        "id": "04",
                        "description": "Economic affairs",
                        "scheme": "COFOG"
                    }
                ],
                "url": "https://www.developmentbank.wales"
            }
        },
        {
            "id": "org-60",
            "name": "RSM UK RISK ASSURANCE SERVICES LLP",
            "identifier": {
                "legalName": "RSM UK RISK ASSURANCE SERVICES LLP"
            },
            "address": {
                "streetAddress": "6th Floor, 25 Farringdon Street",
                "locality": "London",
                "region": "UKI",
                "postalCode": "EC4A4AB"
            },
            "contactPoint": {
                "telephone": "+44 212143100"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "sme"
            }
        },
        {
            "id": "org-3",
            "name": "High Court",
            "identifier": {
                "legalName": "High Court"
            },
            "address": {
                "streetAddress": "Royal Courts of Justice, The Strand",
                "locality": "London",
                "postalCode": "WC2A 2LL"
            },
            "contactPoint": {
                "telephone": "+44 2079477501"
            },
            "roles": [
                "reviewBody"
            ]
        }
    ],
    "buyer": {
        "name": "Development Bank of Wales",
        "id": "org-59"
    },
    "tender": {
        "id": "ocds-kuma6s-120506-tender-143775-DBW00071.00",
        "title": "The Provision of Internal Audit Services to the Development Bank of Wales",
        "description": "The Development Bank of Wales is looking to appoint an organisation to provide Internal Audit Services over a period of 5 years.",
        "status": "complete",
        "items": [
            {
                "id": "1",
                "additionalClassifications": [
                    {
                        "id": "79210000",
                        "scheme": "CPV"
                    }
                ],
                "deliveryAddresses": [
                    {
                        "region": "UK"
                    },
                    {
                        "region": "UK"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "value": {
            "amount": 400000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "mainProcurementCategory": "services",
        "submissionMethod": [
            "electronicSubmission"
        ],
        "submissionMethodDetails": "https://etenderwales.bravosolution.co.uk",
        "tenderPeriod": {
            "endDate": "2022-05-20T12:00:00Z"
        },
        "awardPeriod": {
            "startDate": "2022-05-20T12:00:00Z"
        },
        "documents": [
            {
                "id": "APR394794",
                "documentType": "contractNotice",
                "title": "The Provision of Internal Audit Services to the Development Bank of Wales",
                "description": "The Development Bank of Wales is looking to appoint an organisation to provide Internal Audit Services over a period of 5 years.",
                "url": "https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=APR394794",
                "format": "text/html"
            },
            {
                "id": "economic",
                "documentType": "economicSelectionCriteria"
            },
            {
                "id": "technical",
                "documentType": "technicalSelectionCriteria"
            },
            {
                "id": "AUG487753",
                "documentType": "awardNotice",
                "title": "The Provision of Internal Audit Services to the Development Bank of Wales",
                "description": "The Development Bank of Wales is looking to appoint an organisation to provide Internal Audit Services over a period of 5 years.",
                "url": "https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=AUG487753",
                "format": "text/html"
            }
        ],
        "lots": [
            {
                "id": "1",
                "description": "The Development Bank of Wales Group (DBWG) is inviting tenders to appoint an organisation to provide the internal audit services over a period of 5 years. Further information about the Services and DBWG's requirements is contained in sections 3 and 4 of the Invitation to Tender (ITT).",
                "status": "complete",
                "awardCriteria": {
                    "criteria": [
                        {
                            "type": "quality",
                            "name": "Sector & Client Knowledge",
                            "description": "5"
                        },
                        {
                            "type": "price",
                            "description": "20"
                        }
                    ]
                },
                "hasOptions": false,
                "submissionTerms": {
                    "variantPolicy": "notAllowed"
                },
                "contractPeriod": {
                    "durationInDays": 1800
                },
                "hasRenewal": false
            }
        ],
        "participationFees": [
            {
                "id": "1",
                "type": [
                    "document"
                ]
            }
        ],
        "bidOpening": {
            "date": "2022-05-20T12:00:00Z"
        },
        "communication": {
            "atypicalToolUrl": "https://etenderwales.bravosolution.co.uk"
        },
        "coveredBy": [
            "GPA"
        ],
        "otherRequirements": {
            "requiresStaffNamesAndQualifications": true
        },
        "selectionCriteria": {
            "criteria": [
                {
                    "type": "suitability",
                    "description": "As set out in the Invitation to Tender documentation."
                },
                {
                    "type": "technical",
                    "description": "Execution of the service is reserved to a particular profession"
                }
            ]
        },
        "submissionTerms": {
            "languages": [
                "en",
                "cy"
            ],
            "bidValidityPeriod": {
                "durationInDays": 120
            }
        },
        "classification": {
            "id": "79210000",
            "scheme": "CPV"
        },
        "hasRecurrence": false,
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        }
    },
    "language": "EN",
    "relatedProcesses": [
        {
            "id": "1",
            "relationship": [
                "planning"
            ],
            "scheme": "EU-OJ",
            "identifier": "2022/S 000-009833"
        }
    ],
    "description": "(WA Ref:143775)",
    "links": [
        {
            "rel": "canonical",
            "href": "https://api.sell2wales.gov.wales/v1?lang=cy/Notice?id=ocds-kuma6s-120506"
        }
    ],
    "noticetype": "OJEU - F3 - Contract Award Notice",
    "awards": [
        {
            "id": "ocds-kuma6s-120506-award-143775-55",
            "suppliers": [
                {
                    "id": "org-60",
                    "name": "RSM UK RISK ASSURANCE SERVICES LLP"
                }
            ],
            "relatedLots": [
                "1"
            ]
        }
    ],
    "contracts": [
        {
            "id": "ocds-kuma6s-120506-award-143775-55",
            "awardID": "ocds-kuma6s-120506-award-143775-55",
            "status": "active",
            "value": {
                "amount": 226168,
                "currency": "GBP"
            },
            "dateSigned": "2022-03-30T00:00:00Z"
        }
    ],
    "bids": {
        "statistics": [
            {
                "id": "ocds-kuma6s-120506-bidsstatistic-143775-239",
                "measure": "bids",
                "value": 4,
                "relatedLot": "1"
            },
            {
                "id": "ocds-kuma6s-120506-bidsstatistic-143775-240",
                "measure": "smeBids",
                "value": 1,
                "relatedLot": "1"
            },
            {
                "id": "ocds-kuma6s-120506-bidsstatistic-143775-241",
                "measure": "foreignBidsFromEU",
                "value": 0,
                "relatedLot": "1"
            },
            {
                "id": "ocds-kuma6s-120506-bidsstatistic-143775-242",
                "measure": "foreignBidsFromNonEU",
                "value": 0,
                "relatedLot": "1"
            },
            {
                "id": "ocds-kuma6s-120506-bidsstatistic-143775-243",
                "measure": "electronicBids",
                "value": 4,
                "relatedLot": "1"
            }
        ]
    }
}