--- title: "20191129_LPFA_Internal Audit Services Tender" ocid: "ocds-b5fd17-38ee0de2-64b0-478b-a7b0-57b37e8e3adc" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-38ee0de2-64b0-478b-a7b0-57b37e8e3adc" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-38ee0de2-64b0-478b-a7b0-57b37e8e3adc.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-38ee0de2-64b0-478b-a7b0-57b37e8e3adc.json" source: "Contracts Finder" current_stage: "Tender" buyer: "LONDON PENSIONS FUND AUTHORITY" published: "2020-01-03" --- # 20191129_LPFA_Internal Audit Services Tender Buyer: LONDON PENSIONS FUND AUTHORITY Current stage: Tender OCID: ocds-b5fd17-38ee0de2-64b0-478b-a7b0-57b37e8e3adc [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-38ee0de2-64b0-478b-a7b0-57b37e8e3adc) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-38ee0de2-64b0-478b-a7b0-57b37e8e3adc.json) ## Summary The London Pensions Fund Authority is currently undertaking the LPFA Internal Audit Services Tender, which belongs to the services industry and is focused on internal audit services. The tender process is at the active stage, with a deadline for submissions set for 16th January 2020. The contract is scheduled to commence on 1st April 2020 and will last until 1st April 2025, with main operations occurring in London, United Kingdom. This procurement follows an open procedure, designed for contracts below the threshold. This tender offers significant opportunities for small and medium-sized enterprises (SMEs) involved in audit and consulting services. Businesses that specialise in internal audit functions, risk management, and organisational development consultation would be particularly well-placed to compete for this contract. Additionally, organisations with a capacity to collaborate with external auditors may find an advantage, as the selected supplier will need to coordinate with both internal and external audit services. ## Notice The LPFA is required to have an internal audit function under the accounts and audit regulations. These regulations place responsibility on the authority for maintaining an adequate and effective internal audit service. The Audit and Risk Committee is responsible to the Board for ensuring that there is an adequate system of internal control, and that it is maintained and complied with on a routine basis. The lead officer on maintaining the system of internal control is the Managing Director although the LPFA acknowledges that internal controls are a collective responsibility with the Audit & Risk Committee and the Section 151 Officer also has responsibility in this area. The LPFA will prepare an Annual Governance Statement to review the effectiveness of the system of internal control, and this is signed by the Managing Director and the Chair of the Audit & Risk Committee. This is supported by a statement from the Head of the Internal Audit function on the effectiveness of the system of internal control. The Audit & Risk Committee has the responsibility for reviewing the effectiveness of the internal audit function. The Committee will receive regular reports from the internal audit provider, and the senior internal auditor will attend the Audit & Risk Committee meetings. The Head of Internal Audit, to be provided by the supplier, will be required to work with other elements of the audit services. This includes the LPFA's external auditors, Grant Thornton, but may also require working with the internal and external audit service of LPP, currently Deloitte and Grant Thornton respectively. LPFA may also make use of external consultants to support organisational development. The internal audit function may identify areas for external consultancy to advise on, and support implementation of, new systems following recommendations from external consultants. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/38176e93-43fe-442b-8722-0d86702679d8 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (below threshold) | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 3 Jan 2020 | | Submission deadline | 16 Jan 2020 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 31 Mar 2020 - 1 Apr 2025 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £1 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | LONDON PENSIONS FUND AUTHORITY | | Locality | LONDON | | Post town | South East London | | Postcode | SE1 0LL | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI4 Inner London - East | | ITL 3 | TLI44 Lewisham and Southwark | | Local authority | Southwark | | Electoral ward | Borough & Bankside | | Westminster constituency | Bermondsey and Old Southwark | | Delivery location | TLI London | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79212200 - Internal audit services ## Release History - 3 Jan 2020 at 11:52 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/38176e93-43fe-442b-8722-0d86702679d8 - 23 Dec 2019 at 11:22 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/38176e93-43fe-442b-8722-0d86702679d8 - 13 Dec 2019 at 10:53 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/38176e93-43fe-442b-8722-0d86702679d8 - 13 Dec 2019 at 10:51 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/38176e93-43fe-442b-8722-0d86702679d8 - 29 Nov 2019 at 12:29 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/38176e93-43fe-442b-8722-0d86702679d8 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/38176e93-43fe-442b-8722-0d86702679d8 3rd January 2020 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/0c128218-c306-43ef-9749-52a3b0be045c 20191129_LPFA_Internal Audit Services Tender - https://www.contractsfinder.service.gov.uk/Notice/Attachment/2aa7cd5f-e9aa-4162-8bd6-f98c4d746910 Annex A_Statement of Accounts 2018_19 - https://www.contractsfinder.service.gov.uk/Notice/Attachment/96c15c8f-d81b-472b-82ba-308fcb507d6e Annex B_Annual Reports and Accounts 2018_19 - https://www.contractsfinder.service.gov.uk/Notice/Attachment/5137882c-754c-401d-9f29-5c7cd0e28ab3 Annex C_Strategic Policy Statement_2019_22 - https://www.contractsfinder.service.gov.uk/Notice/Attachment/36b44bc5-b99f-45f1-b675-57d7619b1a75 Annex D_Medium Term Financial Plan - https://www.contractsfinder.service.gov.uk/Notice/Attachment/6ea571f7-f8b2-4811-92ec-82938ad57a4f Appendix 4_Company Mandatory Policies - https://www.contractsfinder.service.gov.uk/Notice/Attachment/0fe25b81-0274-4d6d-9456-9fd22bc31dbc Revised Procurement Timeline_LPFa Internal Audit Services Tender - https://www.contractsfinder.service.gov.uk/Notice/Attachment/9da4507c-7dd3-4969-bc73-e87358911492 LPFA Internal Audit Plan (Year 2 and 3) - https://www.contractsfinder.service.gov.uk/Notice/Attachment/d360c979-96c5-49fa-ab91-a2c93dc94be9 LPFA Internal Audit Services Clarification Responses ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-38ee0de2-64b0-478b-a7b0-57b37e8e3adc. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-38ee0de2-64b0-478b-a7b0-57b37e8e3adc.json.