Award

Internal Audit Service

LIFE SCIENCES HUB WALES LTD

This public procurement record has 2 releases in its history.

Award

28 Mar 2024 at 15:14

S2W Notice - Website Contract Award Notice
Tender

08 Jan 2024 at 12:55

S2W Notice - Website Invitation to Tender Notice
Summary of the contracting process

The Life Sciences Hub Wales Ltd has awarded a contract for an Internal Audit Service. The procurement process was initiated on March 28, 2024, and the contract was signed on March 26, 2024. The service falls under the services category and is located in Cardiff. Tiaa Ltd was the successful supplier chosen for this contract.

This tender for an Internal Audit Service by Life Sciences Hub Wales Ltd presents a significant business growth opportunity for auditing services providers. Businesses experienced in providing internal audit services, specifically those with an expertise in auditing for the public sector, would be well-suited to compete in this procurement process. The successful supplier is required to deliver a comprehensive Internal Audit Service in accordance with Public Sector Internal Audit Standards and work closely with Life Sciences Hub Wales to ensure continuous improvement.

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Notice Information

Notice Title

Internal Audit Service

Notice Description

Life Sciences Hub Wales seeks to procure an Internal Audit Service to deliver a three-year rolling audit plan and Audit Strategy.The intention is to procure a suitably qualified and experienced Internal Auditor (the successful Supplier) to provide a comprehensive Internal Audit Service in accordance with Public Sector Internal Audit Standards to Life Sciences Hub Wales.Life Sciences Hub Wales seeks to procure and implement an internal audit service that, as a minimum expectation, delivers an efficient and effective internal audit programme, but that also provides added-value through the provision of expert and informed insight leveraging the successful Supplier's experience of both the wider public sector and private industry for the benefit of Life Sciences Hub Wales.The successful Supplier is expected to dispense honest and constructive recommendations, advice and guidance (etc) in response to completed audit activity, as well as providing suggested actions and resolutions / mitigations (etc).It would be advantageous and beneficial should the successful Supplier provide further constructive feedback based on best practice and benchmarking insight attained via previous experience of similar and wider audit activity to ensure tailored audit findings to Life Sciences Hub Wales to ensure effective continuous improvement.The successful Supplier is expected to work with Life Sciences Hub Wales to develop, agree and implement the annual audit plan, to provide proactive advice and guidance with regards to the ongoing audit plan(s) and auditing in general and to provide progress reporting against the Life Sciences Hub Wales Board Assurance Framework (BAF).Full details of the requirement and tender award criteria are presented in the Invitation to Tender document, available via Sell2Wales.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-137785
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=137785
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
S2W Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Not specified
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

79212000 - Auditing services

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
28 Mar 20241 years ago
Submission Deadline
2 Feb 2024Expired
Future Notice Date
Not specified
Award Date
26 Mar 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LIFE SCIENCES HUB WALES LTD
Contact Name
Adam James-Price
Contact Email
Not specified
Contact Phone
+44 2920467030

Buyer Location

Locality
CARDIFF
Postcode
CF10 4PL
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
Not specified
Local Authority
Cardiff
Electoral Ward
Butetown
Westminster Constituency
Cardiff South and Penarth

Supplier Information

Number of Suppliers
1
Supplier Name

TIAA

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. 

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