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Audit of HIE Subsidiaries

Highlands and Islands Enterprise

This public procurement record has 2 releases in its history.

Award

18 Mar 2022 at 00:00

PCS Notice - Website Contract Award Notice
Tender

04 Feb 2022 at 00:00

PCS Notice - Website Contract Notice
Summary of the contracting process

The procurement process titled "Audit of HIE Subsidiaries" was initiated by Highlands and Islands Enterprise, a regional economic development agency located at Inverness Campus, Inverness, UK. This open procedure aims to appoint a qualified supplier to conduct audits and prepare financial documents for its subsidiaries over an initial contract period of three years, with a possible one-year extension. The total budget for this contract is estimated between GBP 70,000 and GBP 85,000 (excluding VAT), with the tender period ending on 25 February 2022 and awards taking effect shortly thereafter.

This contract presents significant opportunities for accounting and auditing firms, particularly those experienced in public sector work and familiar with the specific regulatory framework in Scotland. Businesses that can provide comprehensive auditing services and demonstrate a strong commitment to value for money will be well-positioned to compete. Additionally, firms that are members of recognised accounting bodies and hold the requisite professional indemnity insurance will likely meet the selection criteria effectively, enabling them to engage in this lucrative procurement.

How relevant is this notice?

Notice Information

Notice Title

Audit of HIE Subsidiaries

Notice Description

HIE requires a suitably qualified and experienced supplier to provide the requirements as detailed in the Scope of Requirements, whilst offering best value in the expenditure of public funds It is expected that these services will be required from April 2022 for an initial period of 3 years, with HIE having the option to extend for a period or periods together not exceeding 1 year following the Initial Term. The initial 3 year budget currently available to deliver this service is between GBP70,000 and GBP85,000 (excluding VAT).

Lot Information

Lot 1

This is a Contract AWARD Notice and as such the procurement process is complete. HIE has three active subsidiaries, Wave Energy Scotland, Cairngorm Mountain (Scotland) Ltd, HIE Ventures Limited and a joint venture with Orkney Island Council (ORIC) which require to be audited and consolidated in HIE's Consolidation pack. In addition, we require the preparation and submission of the tax returns. HIE is looking to appoint a supplier to prepare Annual Accounts Documents, Consolidation packs and carry out Audits of HIE's subsidiaries as detailed in the Scope of Requirements.. Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 8 and 9 of the Procurement (Scotland) Regulations 2016.

Renewal: The Contract will be awarded for an initial period of 3 years with HIE having the option to extend for a period or periods together not exceeding 1 year following the Initial Term.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000682234
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR443917
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Framework
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

79210000 - Accounting and auditing services

79212000 - Auditing services

79212100 - Financial auditing services

Notice Value(s)

Tender Value
Not specified
Lots Value
£110,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£110,000 £100K-£500K

Notice Dates

Publication Date
18 Mar 20224 years ago
Submission Deadline
25 Feb 2022Expired
Future Notice Date
Not specified
Award Date
18 Mar 20224 years ago
Contract Period
Not specified - Not specified
Recurrence
HIE reserves the right to re-tender for these services upon termination of the contract or at the end of the contract period, including any extension period.

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Highlands and Islands Enterprise
Additional Buyers

Cairngorm Mountain (Scotland) Ltd

HIE Ventures Limited

Orkney Research and Innovation Campus LLP

Wave Energy Scotland Limited

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

Buyer Location

Locality
AVIEMORE
Postcode
IV2 5NA
Postcode Area
Inverness
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM2 Highlands and Islands
Small Region (ITL 3)
TLM20 Highlands and Islands
Delivery Location
TLM6 Highlands and Islands
Local Authority
Highland
Electoral Ward
Inverness South
Westminster Constituency
Inverness, Skye and West Ross-shire

Supplier Information

Number of Suppliers
1
Supplier Name

Saffery Champness LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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