Award

Invitation to tender for the Provision of Quality Monitoring Services

WALES AUDIT OFFICE

This public procurement record has 2 releases in its history.

Award

03 Jan 2023 at 00:00

Tender

24 Oct 2022 at 00:00

Summary of the contracting process

The Wales Audit Office has completed an "Invitation to tender for the Provision of Quality Monitoring Services" procurement process in Cardiff. The tender provided opportunities for businesses in the services category, specifically in audit services, with a focus on quality monitoring services including cold file reviews, system quality management, and advice on audit methodology. The contract was awarded to ICAEW with a contract value of £300,000 signed on 12th December 2022.

This procurement process can create business growth opportunities for firms with expertise in conducting cold file reviews in accordance with International Standards. The process was in the "Award" stage with a procurement method of "Open procedure". The key deadline for tender submissions was 29th November 2022. The process was governed by the Body governed by public law in the Audit Services industry category. Businesses with experience in quality monitoring and audit efficiency are well-suited to compete for such tenders in the public procurement sector.

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Notice Title

Invitation to tender for the Provision of Quality Monitoring Services

Notice Description

The following core services will be provided by the prospective supplier: - one cold file review per audit of accounts director for each year of the contract (if let) (ordinarily four to five reviews per annum), to include emphasis both on compliance with standards and on audit efficiency; - one cold file review per performance audit director for each year of the contract (if let) (ordinarily three reviews per annum), to include emphasis both on compliance with standards, audit efficiency and impact; - review of the system of quality management under ISQM 1; - advice on good practice and cutting-edge developments in audit methodology and quality.

Lot Information

Lot 1

The Wales Audit Office is seeking to appoint a supplier to provide quality monitoring services in respect of the accounts with effect from 2021-22 audit year and performance audit work over the period of the contract.

Renewal: 2 x 12 months

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-125870
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=125870
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

72 - IT services: consulting, software development, Internet and support


CPV Codes

72225000 - System quality assurance assessment and review services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£300,000 £100K-£500K

Notice Dates

Publication Date
3 Jan 20233 years ago
Submission Deadline
29 Nov 2022Expired
Future Notice Date
Not specified
Award Date
12 Dec 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Every 6 years

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
WALES AUDIT OFFICE
Contact Name
Darren Evans
Contact Email
darren.evans@audit.wales
Contact Phone
+44 7507686066

Buyer Location

Locality
CARDIFF
Postcode
CF11 9LJ
Post Town
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
TLL22 Cardiff and Vale of Glamorgan

Local Authority
Cardiff
Electoral Ward
Riverside
Westminster Constituency
Cardiff West

Supplier Information

Number of Suppliers
1
Supplier Name

ICAEW

Further Information

Notice Documents

  • https://www.sell2wales.gov.wales/Notice/Download/DocumentDownload.aspx?id=OCT415898&idx=1
    24th October 2022 - Invitation to tender for the Provision of Quality Monitoring Services
  • https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=OCT415898
    Invitation to tender for the Provision of Quality Monitoring Services - The following core services will be provided by the prospective supplier: - one cold file review per audit of accounts director for each year of the contract (if let) (ordinarily four to five reviews per annum), to include emphasis both on compliance with standards and on audit efficiency; - one cold file review per performance audit director for each year of the contract (if let) (ordinarily three reviews per annum), to include emphasis both on compliance with standards, audit efficiency and impact; - review of the system of quality management under ISQM 1; - advice on good practice and cutting-edge developments in audit methodology and quality.
  • https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=JAN423015
    Invitation to tender for the Provision of Quality Monitoring Services - The following core services will be provided by the prospective supplier: - one cold file review per audit of accounts director for each year of the contract (if let) (ordinarily four to five reviews per annum), to include emphasis both on compliance with standards and on audit efficiency; - one cold file review per performance audit director for each year of the contract (if let) (ordinarily three reviews per annum), to include emphasis both on compliance with standards, audit efficiency and impact; - review of the system of quality management under ISQM 1; - advice on good practice and cutting-edge developments in audit methodology and quality.

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