Award

Internal Audit Services 2023-2026

LINK GROUP

This public procurement record has 2 releases in its history.

Summary of the contracting process

The procurement process involved the Link Group, located in Edinburgh, seeking internal audit services for the period 2023 to 2026. This open procedure was designed to engage qualified service providers in the delivery of comprehensive audit services to review and assess the internal controls within the organisation. Classified under the industry category of Housing and Community Amenities, the contract was awarded to TIAA Ltd, a large-scale supplier. The competitive process ended with bids being opened on 19 January 2023, leading to the contract being signed on 7 February 2022 for a total value of £88,000. The buying organisation operates as a Registered Social Landlord, with this tender classified under the CPV code 79212200.

This contract offers significant business growth opportunities, especially for firms specialising in audit and financial compliance services. Companies with expertise in internal auditing and possessing membership in recognised professional accounting bodies or the Institute of Internal Auditors would have been well-suited to compete. The tender's open nature and electronic submission methods make it accessible to a wide array of businesses, including those based outside the UK but willing to operate in Edinburgh. This procurement process encourages prospective suppliers to develop competitive strategies and build strong service offerings aligned with public sector needs, enhancing their chances in similar future tenders.

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Notice Title

Internal Audit Services 2023-2026

Notice Description

The principle requirement is for the provision of internal audit services for an initial period of 3 years with a possible extension of up to 2 years to independently access the entire internal control system by checking compliance with current polices and procedures and ensuring the integrity and reliability of information, accounts and data.

Lot Information

Lot 1

The principle requirement is for the provision of internal audit services for an initial period of 3 years to independently access the entire internal control system by checking compliance with current polices and procedures and ensuring the integrity and reliability of information, accounts and data.

Renewal: possible 2 year extension on 1 + 1 basis

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000714978
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG536801
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79212200 - Internal audit services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£88,000 Under £100K

Notice Dates

Publication Date
12 Aug 20256 months ago
Submission Deadline
19 Jan 2023Expired
Future Notice Date
Not specified
Award Date
7 Feb 20224 years ago
Contract Period
Not specified - Not specified
Recurrence
3 - 5 years from December 2023.

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LINK GROUP
Contact Name
Not specified
Contact Email
linkprocurement@linkgroup.org.uk
Contact Phone
+44 3303030124

Buyer Location

Locality
EDINBURGH
Postcode
EH14 1RL
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
TLM Scotland

Local Authority
City of Edinburgh
Electoral Ward
Fountainbridge/Craiglockhart
Westminster Constituency
Edinburgh South West

Supplier Information

Number of Suppliers
1
Supplier Name

TIAA

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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