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Provision of the Supply of Internal Audit Services

Scottish Borders Housing Association Ltd

This public procurement record has 2 releases in its history.

Award

04 Nov 2021 at 00:00

PCS Notice - Website Contract Award Notice
Tender

10 Aug 2021 at 01:00

PCS Notice - Website Contract Notice
Summary of the contracting process

The Scottish Borders Housing Association Ltd is currently in the Award stage of the procurement process for the "Provision of the Supply of Internal Audit Services." This contract, valued at £48,625, aims to establish an internal audit service in accordance with regulatory requirements from bodies such as the Scottish Housing Regulator. The service is expected to commence in October 2021 and has an initial term of three years, with the potential for two additional one-year extensions based on performance. The tender process followed the open procurement method, and the contract has been formally completed as of 4 November 2021.

This procurement presents a lucrative opportunity for businesses specialising in internal audit services, particularly those with experience in the housing sector. Small and medium-sized enterprises (SMEs) would find this tender accessible, especially since a portion of the bids received came from SMEs. Companies that are members of the Chartered Institute of Internal Auditors UK and possess a proven track record in delivering similar services would be well-suited to compete for such contracts. The potential for additional ad-hoc audits further enhances the opportunity for ongoing business development in this area.

How relevant is this notice?

Notice Information

Notice Title

Provision of the Supply of Internal Audit Services

Notice Description

SBHA's principal requirement is the provision of an Internal Audit service to SBHA and its subsidiary company, SBHA Plus, as required by the Scottish Housing Regulator, Institute of Internal Auditors UK and other regulatory bodies. The internal audit work will be relevant in scope and complexity to that of its operations and strategic risks.

Lot Information

Lot 1

SBHA's principal requirement is the provision of an Internal Audit service to SBHA and its subsidiary company, SBHA Plus, as required by the Scottish Housing Regulator, Institute of Internal Auditors UK and other regulatory bodies. The internal audit work will be relevant in scope and complexity to that of its operations and strategic risks. It is expected that service provision will commence in October 2021. The contract will have an initial term of 3 years, with a further 2 x 1 year extension, at the sole discretion of SBHA and subject to satisfactory performance. The tender should be based on internal audit services of 25 days per annum, including attendance of at least 3 committee meetings per annum. There have been no internal audits carried out in 2021-22 so far, it is therefore expected that the first year's programme will be condensed into a shorter period to ensure a sufficient programme is undertaken for inclusion in the internal audit annual report in June 2022.. The SPD will be scored on a PASS/FAIL basis, where a pass is deemed to be a score of 3 or more in accordance with the selection criteria. Please ensure the ITT and the full Tender Documentation suite are considered and understood.

Options: SBHA may require adhoc audits from time to time.

Renewal: 2 x 12 months at discretion of SBHA, based on satisfactory performance.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000663499
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV432161
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
£56,250 Under £100K
Lots Value
£56,250 Under £100K
Awards Value
Not specified
Contracts Value
£48,625 Under £100K

Notice Dates

Publication Date
4 Nov 20214 years ago
Submission Deadline
9 Sep 2021Expired
Future Notice Date
Not specified
Award Date
4 Nov 20214 years ago
Contract Period
18 Oct 2021 - 17 Oct 2024 3-4 years
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
Scottish Borders Housing Association Ltd
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
HAWICK
Postcode
Not specified
Postcode Area
Not specified
Country
Not specified
Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
Not specified
Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

Supplier Information

Number of Suppliers
1
Supplier Name

TIAA Ltd

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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