Award

External Audit Services

ARK

This public procurement record has 2 releases in its history.

Award

21 Oct 2022 at 00:00

OJEU - F3 - Contract Award Notice
Tender

10 May 2022 at 00:00

OJEU - F2 - Contract Notice
Summary of the contracting process

In Edinburgh, UK, Ark, a Registered Social Provider, has awarded a contract for External Audit Services to Chiene + Tait LLP. The contract involves auditing statutory financial statements for compliance with law, standards, and lender needs. The initial 5-year contract can extend for 2 more years, with a total value of £107,750. The procurement method was an open procedure, and the service falls under the services category. The contract signing date was 1st October 2022.

This tender for External Audit Services in Edinburgh offers business growth opportunities for audit service providers with expertise in compliance and financial standards. The contract involves auditing financial statements for a social housing provider, requiring a blend of technical expertise and sector experience. Successful bidders must adhere to quality and price criteria outlined in the tender documentation. The procurement method is open to eligible businesses with the capability to deliver audit services meeting regulatory and legal standards.

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Notice Information

Notice Title

External Audit Services

Notice Description

Ark seeks to appoint an external audit service to independently audit the statutory financial statements of Ark (and its two subsidiaries) 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. The contract will be for an initial period of 5 years, with the option to extend by up to 2 further years.

Lot Information

Lot 1

Provision of an external audit service to independently audit the statutory financial statements of Ark 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.

Renewal: There will be an option to extend the contract by up to two periods of 12 months each or one period of 24 months at the sole discretion of Ark.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000692871
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT462319
Current Stage
Award
All Stages
Tender, 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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79212100 - Financial auditing services

79212300 - Statutory audit services

Notice Value(s)

Tender Value
£100,000 £100K-£500K
Lots Value
£100,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£107,750 £100K-£500K

Notice Dates

Publication Date
21 Oct 20223 years ago
Submission Deadline
1 Jul 2022Expired
Future Notice Date
Not specified
Award Date
1 Oct 20223 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
ARK
Contact Name
Stuart Green
Contact Email
stuart.green@arkha.org.uk
Contact Phone
+44 1314479027

Buyer Location

Locality
EDINBURGH
Postcode
EH10 4SG
Post Town
Edinburgh
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM75 City of Edinburgh
Local Authority
City of Edinburgh
Electoral Ward
Morningside
Westminster Constituency
Edinburgh South

Supplier Information

Number of Suppliers
1
Supplier Name

CHIENE + TAIT

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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