This public procurement record has 2 releases in its history.

Award

18 Oct 2024 at 01:00

Tender

13 Mar 2024 at 00:00

Summary of the contracting process

The University of South Wales is seeking external audit services for both its group and the Wrexham University Group as part of a competitive tendering process. These services are required to begin on 1 August 2024, for an initial period of three years with potential extensions of up to two further years. The procurement process is in the award stage as of 18 October 2024. The contractual relationship will be governed by a competitive procedure with negotiation. The audit services will cover several locations, including Pontypridd, Cardiff, Merthyr, and Wrexham.

This tender presents an opportunity for professional audit firms, especially those with expertise in education sector audits. Businesses capable of providing high-quality audit services and meeting specified key performance indicators stand to benefit from this long-term engagement. The successful provider will need to demonstrate their ability to ensure funds are properly applied and report on the financial statements and corporate governance of the universities involved. Larger audit firms with a robust understanding of public law requirements would be well-suited to compete, given the scope and complexity of the tender.

How relevant is this notice?

Notice Title

Provision of External Audit Services to University of South Wales Group & Wrexham University Group

Notice Description

The University of South Wales has a requirement to tender for the provision of External Audit Services to the University of South Wales Group and Wrexham University Group, the parties to this tender. The University of South Wales Group and Wrexham University Group, parties to this tender, are seeking to appoint external auditors for up to a maximum of five years (three years in the first instance with the option of up to 2 x 1 year extensions on a +1, +1 basis) with effect from 1 August 2024. The appointment would be subject to the continued satisfactory performance by the successful service provider as well as meeting the target of agreed KPI's.

Lot Information

External Audit Services to University of South Wales Group & Wrexham University

The University of South Wales Group and Wrexham University, parties to this tender, are seeking to appoint external auditors for up to a maximum of five years (three years in the first instance with the option of up to 2 x 1 year extensions on a +1, +1 basis) with effect from 1 August 2024. The appointment would be subject to the continued satisfactory performance by the successful service provider as well as meeting the target of agreed KPI's.

Renewal: This contract will commence 1st August 2024, subject to the Parties respective Board approval, and will run for an initial 3 year term with an option of up to 2 x 1 year extensions on a +1, +1 basis, subject to agreement by the parties

External Audit Services to the subsidiary companies of both institutions plus Grant audits

The University of South Wales Group and Wrexham University, parties to this tender, are seeking to appoint external auditors for up to a maximum of five years (three years in the first instance with the option of up to 2 x 1 year extensions on a +1, +1 basis) with effect from 1 August 2024. The appointment would be subject to the continued satisfactory performance by the successful service provider as well as meeting the target of agreed KPI's.

Renewal: This contract will commence 1st August 2024, subject to the Parties respective Board approval, and will run for an initial 3 year term with an option of up to 2 x 1 year extensions on a +1, +1 basis, subject to agreement by the parties

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-139607
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=139607
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79210000 - Accounting and auditing services

79212000 - Auditing services

79212100 - Financial auditing services

79212300 - Statutory audit services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,691,400 £1M-£10M

Notice Dates

Publication Date
18 Oct 20241 years ago
Submission Deadline
12 Apr 2024Expired
Future Notice Date
Not specified
Award Date
30 Sep 20241 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
University of South Wales
Additional Buyers

Wrexham University

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
PONTYPRIDD
Postcode
CF37 1DL
Postcode Area
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

Supplier Information

Number of Suppliers
1
Supplier Name

HAYSMACINTYRE LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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