Award

External Audit Services (2018 - 2021)

ARDENGLEN HOUSING ASSOCIATION LTD

This public procurement record has 2 releases in its history.

Summary of the contracting process

Ardenglen Housing Association Ltd is seeking bids for the "External Audit Services (2018 - 2021)" contract, aimed at executing the audit services for its financial statements from 2018/19 through 2021. Located in Glasgow, the procurement is currently in the active stage, with a deadline for submissions set for 24th July 2018. This open procedure tender is classified under the services category, specifically concerning housing and community amenities, and it also meets the requirements of public procurement regulations.

This opportunity represents a significant potential for growth for businesses that specialise in audit services, particularly those with experience in the public sector and strong compliance capabilities. Firms that can demonstrate previous experience with similar projects, especially those adhering to regulatory standards, will be well-positioned to compete. Notably, the contract offers a three-year term with the potential for two one-year extensions, which may result in ongoing business opportunities for successful bidders.

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Notice Title

External Audit Services (2018 - 2021)

Notice Description

The principal requirement is for the provision of audit service from 2018/19 to 2021 to ensure continuity of service and provide economies of scale to the service provision. The successful supplier will independently audit the statutory financial statements of Ardenglen HA Ltd and subsidiaries and the consolidated financial statements of the Group, for compliance with applicable law, auditing and accounting standards and the needs of lenders in respect of loan covenants. External audit is a requirement of the Regulatory Standards of Governance and Financial Management published by the SHR and Company Law

Lot Information

Lot 1

The external audit and tax services will include, but not limited to: a) The planning, management and efficient execution of the annual external audit of the Organisation's financial statements. b) Preparation of an annual audit plan for each company to be made available to the management by March before the commencement of the final audit in May. c) Formal reporting to the Board of Management and Subsidiaries Boards. This will typically consist of attending and presenting at the August meetings and presenting the findings, final accounts, letter of representation and a comprehensive management letter for each company. d) Meeting with management pre and post audit to discuss audit plan and audit report respectively in advance of Board meetings. e) Generation of the final financial statements on behalf of Ardenglen HA & subsidiaries. f) Audit field work on site for up to 7 days and up to 3 days for the final audit. Regular progress updates to management to be provided during the field work, concluding with a clearance meeting encompassing all audit issues. g) Attendance at Ardenglen HA's Annual General Meeting with a report presentation. - Ardenglen HA Ltd - 2nd Tuesday in Sepember - Ardenglen Developments Ltd - to be agreed h) Provision of timely and accurate advice and guidance on technical accounting and finance issues. Owing to the time critical nature of the process of preparations of annual financial statements it is expected that the principal external auditor contacts will be readily available by telephone/email and will provide a full response to requests within 2 working days. i) Timely provision of model financial statements, relevant technical accounting updates, including relevant Financial Reporting Standards, Statement of Recommended Practice and Accounting Orders. j) Excellent and timely communication between auditor and client on all matters, including feedback on information supplied and immediate feedback on any predicted costs over-runs. k) The provision of added value and innovation to the audit process. l) The supplier is expected to use their skills, knowledge and expertise to identify any gaps in this scope and address them in their submission. m) Co-operation within the Organisation's internal auditors where you wish to rely on their assurances work when planning the statutory audit. n) As required, preparation of Ardenglen HA and subsidiaries Corporation Tax Return by the end of September each year.

Renewal: The contract period will be for 36 months (3 years) with the options to extend for 2x additional 12 months (single years) based on performance within the contract.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000543339
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT333518
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
PCS Notice - Website 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

79212000 - Auditing services

Notice Value(s)

Tender Value
£70,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£34,355 Under £100K

Notice Dates

Publication Date
5 Oct 20187 years ago
Submission Deadline
24 Jul 2018Expired
Future Notice Date
Not specified
Award Date
15 Aug 20187 years ago
Contract Period
Not specified - Not specified
Recurrence
July 2021 or 2023 if extension option are taken

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
ARDENGLEN HOUSING ASSOCIATION LTD
Contact Name
Amy McQueen
Contact Email
amy.mcqueen@ardenglen.org.uk
Contact Phone
+44 1416348016

Buyer Location

Locality
GLASGOW
Postcode
G45 0HF
Post Town
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM82 Glasgow City

Local Authority
Glasgow City
Electoral Ward
Linn
Westminster Constituency
Glasgow South

Supplier Information

Number of Suppliers
1
Supplier Name

RSM

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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