Award

Internal Audit Services

NEW COLLEGE LANARKSHIRE

This public procurement record has 1 release in its history.

Summary of the contracting process

The procurement process was conducted by New College Lanarkshire for the provision of Internal Audit Services. This process falls under the Education industry category and is located in Motherwell, within the UKM84 region. The process has reached the Award stage, with key dates such as the contract signing on 25th July 2024. The procurement was completed through an open procedure, aimed at evaluating risk management, control, governance, and value for money within the college’s operations.

This tender offers significant business growth opportunities, especially for companies specialising in audit and risk management services. The contract was awarded to Wbg Services LLP (Formerly Wylie Bisset LLP), indicating a preference for businesses with a solid background in providing detailed and effective internal audits. SMEs that have expertise in audit services and compliance with educational standards would find this type of tender particularly well-suited to their capabilities. The contract, valued at £133,000, includes a comprehensive audit service package, reinforcing the necessity for specialised skills in handling multiple audit requirements for educational institutions.

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Notice Title

Internal Audit Services

Notice Description

Internal Audit Services covering the adequacy of controls necessary for risk management, control, governance and value for money.

Lot Information

Lot 1

The Internal Audit Service should give an annual opinion to the Audit & Risk Committee, on the adequacy and effectiveness of the College's arrangements for risk management, control, governance and value for money. This opinion will be based on the agreed audit strategy and on the areas reviewed in the year To provide the required assurance the Internal Audit Service will undertake a programme of work over a cycle authorised by the Board on the advice of the Audit & Risk Committee, or directly by the Audit & Risk Committee under delegated authority. The work to be carried out will be determined by an analysis of the areas of greatest risk and will be defined within an audit plan. This will have the following objectives: a. To appraise the soundness, adequacy and application of the whole internal control system. b. Evaluate those systems, identify inappropriate or inadequate controls, and recommend improvements in procedures. c. Ascertain that those systems of control are laid down and operate to promote the most economic, efficient and effective use of resources. d. Highlight any apparent unsatisfactory result flowing from decisions, procedures or policies. e. Liaise with the External Auditors. Additional Audit Services The Audit Service should also provide additional services in relation to the Annual Audit of Further Education Statistical (FES) return, Student Support Funds and Educational Maintenance Allowance programme (EMA). In addition to the provision of Internal Audit Services, internal audit is also required to undertake the annual audit of the following: (i) FE bursary fund; (ii) FE discretionary fund; (iii) FE & HE discretionary childcare funds; (iv) HE discretionary fund; (v) Further Educational Statistical (FES) return; and (vi) Educational Maintenance Allowance programme (EMA)

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000774616
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG511581
Current Stage
Award
All Stages
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

79212200 - Internal audit services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£133,000 £100K-£500K

Notice Dates

Publication Date
7 Aug 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
25 Jul 20241 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

Contracting Authority (Buyer)

Main Buyer
NEW COLLEGE LANARKSHIRE
Contact Name
Not specified
Contact Email
susan.gothard@nclan.ac.uk
Contact Phone
+44 3005558080

Buyer Location

Locality
MOTHERWELL
Postcode
ML1 2TX
Post Town
Motherwell
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM34 North Lanarkshire
Delivery Location
TLM84 North Lanarkshire

Local Authority
North Lanarkshire
Electoral Ward
Motherwell South East and Ravenscraig
Westminster Constituency
Motherwell, Wishaw and Carluke

Supplier Information

Number of Suppliers
1
Supplier Name

WBG SERVICES LLP (FORMERLY WYLIE BISSET

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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