--- title: "The Provision of an External Audit Service for the City of London" ocid: "ocds-b5fd17-50b7aa91-1c38-47d9-9a88-a4a8d29b5e90" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-50b7aa91-1c38-47d9-9a88-a4a8d29b5e90" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-50b7aa91-1c38-47d9-9a88-a4a8d29b5e90.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-50b7aa91-1c38-47d9-9a88-a4a8d29b5e90.json" source: "Contracts Finder" current_stage: "Tender" buyer: "CITY OF LONDON CORPORATION" published: "2021-06-14" --- # The Provision of an External Audit Service for the City of London Buyer: CITY OF LONDON CORPORATION Current stage: Tender OCID: ocds-b5fd17-50b7aa91-1c38-47d9-9a88-a4a8d29b5e90 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-50b7aa91-1c38-47d9-9a88-a4a8d29b5e90) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-50b7aa91-1c38-47d9-9a88-a4a8d29b5e90.json) ## Summary The City of London Corporation is currently seeking tenders for the provision of External Audit Services, with a contract value of £1,672,000. This procurement, classified under the Auditing services category, is being conducted through a one-stage Open procedure, with the tender deadline set for 12:00 on 12th July 2021. The successful contract will commence on 30th September 2021 and will last for three years, with the possibility of an additional year. This contracting opportunity is targeted at firms capable of fulfilling the audit requirements across various sectors, operating from its headquarters located in London's Guildhall. This tender presents substantial opportunities for businesses specialising in audit services to expand their clientele within the public sector, particularly firms that are adept at navigating the diverse requirements of local authorities, charities, and private companies. Companies equipped to respond to the demands of statutory audit and those well-versed in financial compliance would be particularly well-positioned to compete. Additionally, firms aiming to broaden their portfolio by engaging in public sector contracts may find this project beneficial for sustained growth in the auditing domain. ## Notice The City of London Corporation (the City) invites Tenders for the provision of External Audit Services. The City is a unique organisation which operates across the public (local authority), private and charitable sectors and requires an audit firm with the capability and capacity to meet the external audit requirements across all its entities. The Service relates to the appointment of an auditor to audit and independently examine the City's various financial statements and to carry out certification of various grant claims and returns. The number of financial statements and the level of certification work required may increase or decrease during the life of the contract. Where applicable, the City will adopt the level of audit review required for its Sundry Trusts in line with Charities Act 2011 financial thresholds. It will therefore adopt full audits, Independent Examinations (IE) and or no audit review where required. This procurement will be a one (1) stage Open procedure. The description of the requirements for the External Audit Services are set out in the procurement documents, particularly the specification - available from: https://www.capitalesourcing.com The duration of the contract is three (3) years, with the option to extend up to one (1) further year. The Contract is intended to commence 30th September 2021. Additional information: This procurement process is being undertaken using the electronic tendering system 'Capital eSourcing' (url:www.capitalesourcing.com). Organisations interested in providing the Service under this procurement, project reference: prj_COL_16917 must register an interest on the system in order to participate and registration is free. This is a one stage procurement process; therefore, suppliers will need to register an interest on the system and submit a tender submission no later than 12.00 on 12.07.2021 in order to participate. Tender submissions cannot be uploaded after the return deadline. The contracting authority reserves the right at any time to vary the timescales in this notice, cease the procurement process and not award the contract or to award only part of the opportunity described in this notice. If the contracting authority takes up any of these rights then it will not be responsible for, or pay the expenses or losses, which may be incurred by any candidate or tenderer as a result. Economic operators are solely responsible for their costs and expenses incurred in connection with the preparation of their tender submissions and all stages throughout the procurement. Under no circumstances will the contracting authority be liable for costs or expense borne by the economic operators. The requirements of the Service are set out in the procurement documents, particularly the Service Specification - available from: https://www.capitalesourcing.com Organisations should be aware that due to the contract value (of the Service), any contract formed as a result of this procurement process shall be executed as a deed. Organisations should seek independent legal advice on the implications of this prior to submitting their tender, where appropriate. Any questions relating to this procurement must be made via the correspondence area in the Capital eSourcing system. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/85dcb17c-aeda-4cb7-b46a-f96034baec84 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Planning, Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 14 Jun 2021 | | Submission deadline | 12 Jul 2021 | | Future notice date | 21 Apr 2021 | | Award date | Not specified | | Contract period | 29 Sep 2021 - 30 Sep 2024 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £1,672,000 | | 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 | CITY OF LONDON CORPORATION | | Locality | LONDON | | Post town | Central London | | Postcode | EC2P 2EJ | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI4 Inner London - East | | ITL 3 | TLI43 Haringey and Islington | | Local authority | Islington | | Electoral ward | Clerkenwell | | Westminster constituency | Islington South and Finsbury | | Delivery location | TLI London | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79212000 - Auditing services ## Release History - 14 Jun 2021 at 07:42 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/85dcb17c-aeda-4cb7-b46a-f96034baec84 - 8 Mar 2021 at 08:33 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/6656299d-d853-4299-b986-fceaf04dd450 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/85dcb17c-aeda-4cb7-b46a-f96034baec84 14th June 2021 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/6656299d-d853-4299-b986-fceaf04dd450 8th March 2021 - Early engagement notice on Contracts Finder - http://www.capitalesourcing.com External Audit Service for the City of London - Supplier Engagement Session ## Notice URLs - https://www.capitalesourcing.com - https://www.cityoflondon.gov.uk ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. 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