Tender

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

The Provision of External Audit Services to Univeristy of trathclyde

University of Strathclyde

This public procurement record has 1 release in its history.

Tender

06 Nov 2019 at 00:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The University of Strathclyde is currently seeking competitive tenders for the Provision of External Audit Services, a process classified under the services industry. This procurement opportunity is located in Glasgow, UK, and represents an open procedure. The deadline for submission is set for 12 December 2019, with the award period commencing on the same date. It is essential for potential bidders to note the requirements regarding insurance and experience, as detailed in the procurement documents.

This tender presents significant business growth opportunities, particularly for audit firms with experience in public sector audits. Businesses capable of demonstrating robust methodologies and a strong track record in delivering high-quality audit services will be well-positioned to compete. Potential bidders should ensure they meet the minimum turnover requirements and possess the necessary insurances. Additionally, organisations capable of innovative approaches to audit delivery may find an advantage in the evaluation process, which weighs both quality and price.

How relevant is this notice?

Notice Information

Notice Title

The Provision of External Audit Services to Univeristy of trathclyde

Notice Description

The University of Strathclyde is seeking competitive tenders for the Provision of External Audit Services.

Lot Information

Lot 1

The University of Strathclyde seek to appoint an External Auditor for a period of five years, commencing with the audit of the Financial Statements for 2019/20. The External Auditor shall be required to perform audit duties in respect of the following: Audit of the following bodies described here after collectively as the "University" - University of Strathclyde - The Stenhouse Scholarship Trust The University will also require certification of the following specific returns: - The University's higher education discretionary fund return - The University's compliance return for the US Federal Family Education Loan Program - The return to the European Investment Bank confirming the University's compliance with its loan covenants. The appointed auditors will be required to certify that they are eligible for appointment within the meaning and requirements of the Companies Act. The External Auditors will audit the University's annual Financial Statements.In the Audit Report to the Audit and Risk Committee the External Auditors are required to state whether, in their opinion: - The financial statements give a true and fair view, in accordance with United Kingdom Generally Accepted Accounting Practice, of the state of the affairs of the University. - income from the Scottish Funding Council (SFC), grants and income for specific purposes and from other restricted funds administered by the University have, in all material respects, been applied only for the purposes for which they were received; and - income has, in all material respects, been applied in accordance with the Financial Memorandum with the SFC. Tenders shall be evaluated based on the following technical criteria: 1. Service Delivery - Methodology 15% 2. Service Delivery - Experience 15% 3. Key personnel - 15% 4. Added Value through your approach %15 5. Communication 15% 6. Security 5% 7. Presentation 20% The scoring methodology that shall be used to evaluate responses is as follows: 4. Excellent response - is excellent overall and will include a balance of completely relevant elements of the Contract as specified (but not limited to the specifications) The response is comprehensive, unambiguous and demonstrates a thorough understanding of the requirement and provides details of how the requirement will be met in full 3. Good response - is relevant and will include a balance of elements of the Contract as specified (but not limited to the specifications) The response is sufficiently detailed to demonstrate a good understanding and provides details on how the requirements will be fulfilled. 2. Acceptable response - will include some elements of the Contract as specified (but not limited to the specifications) 1. Poor response - is partially relevant and will include few elements of the Contract as specified (but not limited to the specifications) The response addresses some elements of the requirement but contains insufficient/limited detail or explanation to demonstrate how the requirement will be fulfilled 0. Unacceptable - Nil or inadequate response Fails to demonstrate an ability to meet the requirement Please refer to the procurement documents for full details.

Renewal: This contract has the option to extend for a further 24 months

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000600752
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV371581
Current Stage
Tender
All Stages
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

79212000 - Auditing services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
6 Nov 20196 years ago
Submission Deadline
12 Dec 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
the current contract shall be established for 5 years, plus one optional 24 month extension

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
University of Strathclyde
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G1 1QE
Postcode Area
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
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North East

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...