Award

The Provision of External Audit Services to the University of Strathclyde

UNIVERSITY OF STRATHCLYDE

This public procurement record has 1 release in its history.

Award

28 May 2020 at 00:00

OJEU - F3 - Contract Award Notice
Summary of the contracting process

The University of Strathclyde has completed the procurement process for external audit services, which was open to competitive tenders. The procurement was initiated to appoint an External Auditor for a five-year term, starting with the audit of the financial statements for 2019/20. The procurement method used was an open procedure, and the contract, valued at £645,562, was awarded on 21 April 2020. The related services fall under the education industry category, with the procurement located in Glasgow, UK. The award of the contract has been formalised as of 28 May 2020.

This tender presents a valuable opportunity for businesses that specialise in audit and financial consultancy services, particularly large firms capable of managing the complexities involved in auditing educational institutions. Companies with experience in delivering audit services to similar entities will be well-positioned to compete, especially those familiar with UK accounting practices and compliance regulations. Engaging with the University of Strathclyde could enable successful bidders to establish long-term relationships, potentially leading to further contracts within the education sector.

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Notice Information

Notice Title

The Provision of External Audit Services to the University of Strathclyde

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 seeks 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000621672
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN387321
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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

79212000 - Auditing services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£645,562 £500K-£1M

Notice Dates

Publication Date
28 May 20205 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
21 Apr 20205 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

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
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
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North East

Supplier Information

Number of Suppliers
1
Supplier Name

ERNST & YOUNG LLP (EY

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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