Notice Information
Notice Title
Staff Benefits Scheme External Audit Services
Notice Description
To design and deliver an audit programme to assess the annual report and financial statements for the Staff Benefits Scheme.
Lot Information
Lot 1
The University of Edinburgh Staff Benefits Scheme (SBS) is the Defined Benefit pension arrangement based on career average revalued earnings (CARE) for support staff within the University of Edinburgh. Established in 1966, the current market value of the Scheme's assets is circa GBP 410,000,000 and has approximately 1,700 active, 2,300 deferred and 2,400 pensioner members. Although the University of Edinburgh is the principal employer sponsoring the scheme, the scheme is set up under trust and is governed independently according to its trust deed and rules by a sole corporate trustee, the directors of which are appointed in accordance with the trust deed and articles of the Trustee to run the scheme. Both the University and members contribute to the scheme and the amount of pension payable is dependent upon: - the length of time served in the scheme (known as pensionable service); - career averaged earnings; - the scheme's accrual rate. The accrual rate is the proportion of salary that is received for each year of service. The contract is for the provision of external audit services in connection with the annual report and financial statements of the scheme. The supplier is expected to audit the annual report and financial statements for SBS in accordance with all statutory responsibilities, as set out in the International Standards in Auditing (UK) and PA95.
Options: Three year initial period followed by the option to extend for a further three years.
Renewal: Three year initial period followed by the option to extend for a further three years.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-r6ebe6-0000789481
- Publication Source
- Public Contracts Scotland
- Latest Notice
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN533569
- 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
79212000 - Auditing services
Notice Value(s)
- Tender Value
- £150,000 £100K-£500K
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- £120,000 £100K-£500K
Notice Dates
- Publication Date
- 30 Jun 20257 months ago
- Submission Deadline
- 6 Mar 2025Expired
- Future Notice Date
- Not specified
- Award Date
- 24 Jun 20258 months 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
- UNIVERSITY OF EDINBURGH
- Contact Name
- GORDON WHITTAKER
- Contact Email
- aoughton@ed.ac.uk, gordon.whittaker@ed.ac.uk
- Contact Phone
- +44 1316502759
Buyer Location
- Locality
- EDINBURGH
- Postcode
- EH1 1HT
- 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
- City Centre
- Westminster Constituency
- Edinburgh East and Musselburgh
Further Information
Notice Documents
-
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=FEB523037
Staff Benefits Scheme External Audit Services - To design and deliver an audit programme to assess the annual report and financial statements for SBS. Tenderers are required to describe how the programme will be delivered including any innovative solutions applied in monitoring and reporting, detailing methodologies, personnel involved and duration of the visits. -
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN533569
Staff Benefits Scheme External Audit Services - To design and deliver an audit programme to assess the annual report and financial statements for the Staff Benefits Scheme.
Notice URLs
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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