Tender

Internal Audit provision

UNIVERSITY OF SOUTH WALES

This public procurement record has 2 releases in its history.

Tender

29 Mar 2023 at 00:00

Planning

16 Feb 2023 at 00:00

Summary of the contracting process

The University of South Wales is seeking internal auditors for a contract starting from 1 August 2023, with potential extensions. The procurement stage is currently in the planning phase, with a tender period ending on 17th April 2023. The University, based in Pontypridd, UK, is looking for service providers to deliver an internal audit programme, involving up to 125 audit days annually. The procurement method is an open procedure, with a contract value of £250,000 for services.

This tender by the University of South Wales offers business growth opportunities for companies experienced in internal audit services within the education sector. The successful service provider will have the chance to collaborate with a prestigious institution and potentially secure a long-term contract. Businesses with expertise in internal audit management, value for money studies, and audit committee effectiveness reviews are well-suited to compete in this tender process.

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Notice Title

Internal Audit provision

Notice Description

Internal Audit provision to the University of South Wales. The University of South Wales is a Higher Education Corporation under the 1988 Education Reform Act, which has had University status and degree awarding powers following the Higher & Further Education Act 1992. The University has over 20,000 students and nearly 2,000 staff. There are three academic faculties covering a wide range of subjects currently spread across three main teaching campuses in Pontypridd, Newport and Cardiff. The University has two wholly owned subsidiary colleges in the Royal Welsh College of Music & Drama and The College Merthyr Tydfil. In addition, the University has a research facility in Baglan and a Sports Park in Treforest. The University and both colleges are registered charities. Further information about the University is available at: http://www.southwales.ac.uk The University of South Wales is seeking to appoint internal auditors for up to a maximum of five years (three years in the first instance with the option of up to two one year extensions) with effect from 1 August 2023. The appointment would be subject to the continued satisfactory performance by the successful service provider. The University requires the successful service provider to deliver an internal audit service including the development, implementation and review of an internal audit programme throughout the contract term. The internal audit programme will be developed in conjunction with the University's management team and approved by the University's Audit Committee. The successful service provider may also be required to carry out value for money studies and facilitate the yearly review of effectiveness of the Audit Committee, and provide training to members as required. The number of audit days varies each year, but c. 125 is an indicative combined figure for the University and subsidiary colleges. Submissions will be evaluated against key criteria as detailed in the ITT document.

Lot Information

Lot 1

The University of South Wales is a Higher Education Corporation under the 1988 Education Reform Act, which has had University status and degree awarding powers following the Higher & Further Education Act 1992. The University has over 20,000 students and nearly 2,000 staff. There are three academic faculties covering a wide range of subjects currently spread across three main teaching campuses in Pontypridd, Newport and Cardiff. The University has two wholly owned subsidiary colleges in the Royal Welsh College of Music & Drama and The College Merthyr Tydfil. In addition, the University has a research facility in Baglan and a Sports Park in Treforest. The University and both colleges are registered charities. Further information about the University is available at: http://www.southwales.ac.uk The University of South Wales is seeking to appoint internal auditors for up to a maximum of five years (three years in the first instance with the option of up to two one year extensions) with effect from 1 August 2023. The appointment would be subject to the continued satisfactory performance by the successful service provider. The University requires the successful service provider to deliver an internal audit service including the development, implementation and review of an internal audit programme throughout the contract term. The internal audit programme will be developed in conjunction with the University's management team and approved by the University's Audit Committee. The successful service provider may also be required to carry out value for money studies and facilitate the yearly review of effectiveness of the Audit Committee, and provide training to members as required. The number of audit days varies each year, but c. 125 is an indicative combined figure for the University and subsidiary colleges. Submissions will be evaluated against key criteria, as detailed in the ITT. Shortlisted companies will be asked to present to a University panel on 26th April 2023. Further information on the content of the presentation will be provided in due course.. Publication of the ITT notice is 29th March 2023. Queries in relation to the services required should be asked via the Q & A function to this notice. The closing date for queries is midday, Monday 10th April 2023

Renewal: 2 x 12 month extensions ( +1 +1) subject to agreement and satisfactory review.

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-128779
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=128779
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
OJEU - F2 - Contract 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

79212100 - Financial auditing services

79212200 - Internal audit services

Notice Value(s)

Tender Value
£250,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
29 Mar 20232 years ago
Submission Deadline
17 Apr 2023Expired
Future Notice Date
27 Mar 2023Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF SOUTH WALES
Contact Name
Tina Struebig
Contact Email
procurement@southwales.ac.uk
Contact Phone
+44 1443482386

Buyer Location

Locality
PONTYPRIDD
Postcode
CF37 1DL
Post Town
Cardiff
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL51 Central Valleys and Bridgend
Delivery Location
TLL15 Central Valleys

Local Authority
Rhondda Cynon Taf
Electoral Ward
Treforest
Westminster Constituency
Pontypridd

Further Information

Notice Documents

  • https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=FEB428119
    Internal Audit provision - Internal Audit provision to the University of South Wales. The University of South Wales is a Higher Education Corporation under the 1988 Education Reform Act, which has had University status and degree awarding powers following the Higher & Further Education Act 1992. The University has over 20,000 students and nearly 2,000 staff. There are three academic faculties covering a wide range of subjects currently spread across three main teaching campuses in Pontypridd, Newport and Cardiff. The University has two wholly owned subsidiary colleges in the Royal Welsh College of Music & Drama and The College Merthyr Tydfil. In addition, the University has a research facility in Baglan and a Sports Park in Treforest. The University and both colleges are registered charities. Further information about the University is available at: http://www.southwales.ac.uk The University of South Wales is seeking to appoint internal auditors for up to a maximum of five years (three years in the first instance with the option of up to two one year extensions) with effect from 1 August 2023. The appointment would be subject to the continued satisfactory performance by the successful service provider. The University requires the successful service provider to deliver an internal audit service including the development, implementation and review of an internal audit programme throughout the contract term. The internal audit programme will be developed in conjunction with the University's management team and approved by the University's Audit Committee. The successful service provider may also be required to carry out value for money studies and facilitate the yearly review of effectiveness of the Audit Committee, and provide training to members as required. The number of audit days varies each year, but c. 125 is an indicative combined figure for the University and subsidiary colleges. Submissions will be evaluated against key criteria, including demonstrable knowledge of the HE and FE sectors in Wales, quality of the audit process, cost, and community benefits.
  • https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=MAR432438
    Internal Audit provision - Internal Audit provision to the University of South Wales. The University of South Wales is a Higher Education Corporation under the 1988 Education Reform Act, which has had University status and degree awarding powers following the Higher & Further Education Act 1992. The University has over 20,000 students and nearly 2,000 staff. There are three academic faculties covering a wide range of subjects currently spread across three main teaching campuses in Pontypridd, Newport and Cardiff. The University has two wholly owned subsidiary colleges in the Royal Welsh College of Music & Drama and The College Merthyr Tydfil. In addition, the University has a research facility in Baglan and a Sports Park in Treforest. The University and both colleges are registered charities. Further information about the University is available at: http://www.southwales.ac.uk The University of South Wales is seeking to appoint internal auditors for up to a maximum of five years (three years in the first instance with the option of up to two one year extensions) with effect from 1 August 2023. The appointment would be subject to the continued satisfactory performance by the successful service provider. The University requires the successful service provider to deliver an internal audit service including the development, implementation and review of an internal audit programme throughout the contract term. The internal audit programme will be developed in conjunction with the University's management team and approved by the University's Audit Committee. The successful service provider may also be required to carry out value for money studies and facilitate the yearly review of effectiveness of the Audit Committee, and provide training to members as required. The number of audit days varies each year, but c. 125 is an indicative combined figure for the University and subsidiary colleges. Submissions will be evaluated against key criteria as detailed in the ITT document.

Open Contracting Data Standard (OCDS)

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