Award

RCH631 - Internal Audit Services

RIVER CLYDE HOMES

This public procurement record has 2 releases in its history.

Summary of the contracting process

River Clyde Homes, based in Greenock, UK, conducted an open procurement process titled "RCH631 - Internal Audit Services" within the Housing and Community Amenities sector, specifically in the Inverclyde region. The procurement aimed to engage a provider for internal audit services to ensure effective risk management, governance, and control processes. This process followed an open procedure, and the tender stage commenced with submissions due by 19 February 2025. The contract was awarded to TIAA Ltd for £43,927 and signed on 4 April 2025, indicating a completed procurement stage for this contract which initially spans two years with potential extensions.

This tender presents significant opportunities for businesses specialising in audit and assurance services, particularly those skilled in governance within the housing and community sector. SME suppliers like TIAA Ltd, with a strong foundation in regulatory compliance and audit efficiencies, would find this contract well-aligned with their capabilities. Additionally, companies looking to expand into the public sector housing market can leverage such opportunities to build relationships with organisations like River Clyde Homes. Given the ongoing needs for assurance in risk management and internal controls, businesses able to demonstrate a robust audit methodology and strong collaboration with existing external auditors will be well-positioned for similar future contracts.

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Notice Title

RCH631 - Internal Audit Services

Notice Description

River Clyde Homes (RCH) are undertaking this procurement for Internal audit services to provide independent assurance that River Clyde Homes' and Home Fix Scotland's risk management, governance and internal control processes are operating effectively.

Lot Information

Lot 1

River Clyde Homes is looking to procure an experienced internal auditor to provide independent assurance that River Clyde Homes' and Home Fix Scotland's risk management, governance and internal control processes are operating effectively. The scope of works is as follows: - Perform the internal audit of River Clyde Homes and Home Fix Scotland, in accordance with relevant professional and regulatory requirements, including the expectations of the Scottish Housing Regulator. - Undertake an Audit Needs Assessment - In conjunction with the Audit & Risk Committee, produce a three-year audit programme and annual audit plan. - Identify, test and evaluate key systems and controls. - Confirm key controls are in place, appropriate and effective. If weaknesses are found, propose ways of improving economy, efficiency and effectiveness of our systems, procedures and controls. - Issue draft findings for presentation to the Audit & Finance Committee. - Confirm implementation of accepted recommendations. - Attend all meetings (currently 4 per annum) of the Audit & Finance Committee to present reports and findings. - Liaise effectively with our external auditors, managers and staff as required to ensure efficient and effective delivery of services. Your offer should be based on 25 days per annum of audit work. The appointment will initially be for a period of two years, with an option to extend for a further two 12-month periods, subject to the agreement of the successful bidder. Concurrently, RCH are also tendering for an External Audit Service. Although companies may tender for both the internal and external audit services contracts, it should be clearly noted that the same company will not be awarded both contracts. In the event that a company is the preferred bidder for both contracts, they will be given the option to choose which contract they wish to undertake, with the second highest rated bidder being awarded the other commission.. 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 run for an initial two-year duration. RCH may wish at its sole discretion to extend any resultant agreement following this date for up to a further two, twelve-month periods subject to the agreement of the successful bidder.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000789089
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR529062
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

79212200 - Internal audit services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£43,927 Under £100K

Notice Dates

Publication Date
28 Apr 202510 months ago
Submission Deadline
19 Feb 2025Expired
Future Notice Date
Not specified
Award Date
4 Apr 202510 months ago
Contract Period
Not specified - Not specified
Recurrence
January 2029

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
RIVER CLYDE HOMES
Contact Name
Not specified
Contact Email
procurement@riverclydehomes.org.uk
Contact Phone
Not specified

Buyer Location

Locality
GREENOCK
Postcode
PA15 2UZ
Post Town
Paisley
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM33 Inverclyde, East Renfrewshire, and Renfrewshire
Delivery Location
TLM83 Inverclyde, East Renfrewshire, and Renfrewshire

Local Authority
Inverclyde
Electoral Ward
Inverclyde East Central
Westminster Constituency
Inverclyde and Renfrewshire 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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