--- title: "External Audit Services" ocid: "ocds-b5fd17-5ed8d843-a34e-427c-bbcd-8aad6abff0a4" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-5ed8d843-a34e-427c-bbcd-8aad6abff0a4" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-5ed8d843-a34e-427c-bbcd-8aad6abff0a4.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-5ed8d843-a34e-427c-bbcd-8aad6abff0a4.json" source: "Contracts Finder" current_stage: "Award" buyer: "UNIVERSITY OF SOUTHAMPTON" published: "2022-12-20" --- # External Audit Services Buyer: UNIVERSITY OF SOUTHAMPTON Current stage: Award OCID: ocds-b5fd17-5ed8d843-a34e-427c-bbcd-8aad6abff0a4 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-5ed8d843-a34e-427c-bbcd-8aad6abff0a4) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-5ed8d843-a34e-427c-bbcd-8aad6abff0a4.json) ## Summary The University of Southampton is seeking External Audit Services. The procurement process is currently at the award stage. The contract is for a 10-year period, split into an initial 5-year term with a potential 5-year extension. The contract value ranges from £1,750,000 to £2,750,000 GBP. The procurement method is an Open procedure with a minimum acceptable qualitative pass mark of 50%. The deadline for the tender period was June 6, 2022, and the contract period starts on February 23, 2023. This tender for External Audit Services by the University of Southampton offers growth opportunities for UK-registered auditors with expertise in higher education and financial regulations. The University is specifically looking for auditors with experience in public interest entities. Businesses that can demonstrate compliance with the Financial Reporting Council's Code of Ethics and possess strong audit skills within the education sector are well-suited to compete for this contract. The long-term nature of the contract and the significant contract value make this opportunity attractive for auditors looking to establish a stable relationship with a prestigious institution. ## Notice The University requires an external auditor to provide the external audit of the University's annual consolidated financial statements and of the annual financial statements of its relevant UK and overseas subsidiary companies including pensions. Tenderers must be a UK-registered auditor, registered with a relevant UK accountancy body, and a Malaysian-registered auditor. Where the University requires external audit services to be provided for its overseas subsidiaries, the Tenderer will also need to confirm they (or their subcontractor that will be fulfilling the services locally) are compliant with local auditor registration requirements. The Tenderer will need to confirm they are compliant with the Financial Reporting Council's Code of Ethics particularly in respect of the start date of this Contract and the independence required for working with public interest entities. Procurement Process: This procurement process is being conducted as an Open procedure. Tenderers will need to achieve a minimum acceptable qualitative pass mark of 50%. Tenderers who do not achieve an overall qualitative score of 50% or higher will be excluded from the competition and will not receive a Commercial score. The University will tell you that you have been excluded from the procurement and why at the award stage. Contract Period: The University proposes to enter into a Contract for 10 years - this will be the maximum contract period, including any potential extensions with the successful tenderer(s). This will comprise of an initial contract period of 5 years with an option to extend by a further 5 years subject to satisfactory performance and at the discretion of the University. Contract Value: The estimated value of the initial 5-year contract term is in the region of PS875,000 - PS1,375,000 GBP (excluding VAT). The estimated value of the 5-year extension period is PS875,000 - PS1,375,000 GBP (excluding VAT). It is estimated, therefore, that the total value of this contract will be between PS1,750,000 and PS2,750,000 GBP (excluding VAT). Details of current expenditure or potential future uptake are given as a guide based on past purchasing and current planning to assist you in the preparation of your Tender. They should not be interpreted as an undertaking to purchase any goods or services to any particular value and do not form part of the Contract. Additional information: E-Tendering Portal: The University is utilising an electronic tendering tool, In-Tend (https://intendhost.co.uk/universityofsouthampton) to manage this procurement and to communicate with potential suppliers and/or tenderers (as appropriate). All documentation in relation to this tender can be downloaded from In-Tend. Potential suppliers/tenderers are advised that there will be no hard copy documents issued and all communications with the University, including the submission of Selection Stage and/or Invitation to Tender responses will be conducted via In-Tend. Regular monitoring of the portal is the responsibility of the potential supplier/tenderer. If you are not already registered as a supplier with the University of Southampton, you will need to register in In-Tend in order to access the procurement documentation. Once you have logged in as a supplier: click on 'Tenders'; locate the relevant project; and click 'View Details'. Once you are in the project screen, you will be able to register your organisation against the project and access all documentation by clicking 'Express Interest'. Potential suppliers/tenderers are advised that formal expressions of interest in the project must be by way of completion and return of the relevant documents via In-Tend. Further instructions for the submission of responses are below: To submit your return: 1. Log in 2. Click 'Tenders' 3. Locate the relevant project 4. View details 5. Click on the tab relating to the relevant project stage (e.g. 'Invitation to Tender') 6. Click on the 'Attach Documents' button and upload your return. 7. Check ALL your response documents are uploaded and displayed in the 'My Tender Return' panel. The system will only permit your organisation to make one return. 8. Click the red 'Submit Return' button. Please note, to preserve the integrity of the procurement, all communications with the University must be made via the correspondence function within In-Tend. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/e4e07f89-32ae-474d-a538-b82f57d0ed74 | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (above threshold) | | Tender suitability | SME | | Awardee scale | Large | | All stages | Planning, Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 20 Dec 2022 | | Submission deadline | 6 Jun 2022 | | Future notice date | 28 Jan 2022 | | Award date | 28 Nov 2022 | | Contract period | 23 Feb 2023 - 22 Feb 2028 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £2,750,000 | | Lots value | Not specified | | Awards value | £1,659,210 | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Not specified | | Awards status | Active | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | UNIVERSITY OF SOUTHAMPTON | | Locality | SOUTHAMPTON | | Post town | Southampton | | Postcode | SO17 1BJ | | Country | England | | ITL 1 | TLJ South East (England) | | ITL 2 | TLJ3 Hampshire and Isle of Wight | | ITL 3 | TLJ32 Southampton | | Local authority | Southampton | | Electoral ward | Portswood | | Westminster constituency | Southampton Test | | Delivery location | Not specified | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | DELOITTE | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79212000 - Auditing services ## Release History - 20 Dec 2022 at 15:27 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/e4e07f89-32ae-474d-a538-b82f57d0ed74 - 6 Apr 2022 at 14:00 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/7542b389-fd53-4bd7-82e7-1da13b409c6d - 17 Jan 2022 at 17:00 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/d43561ac-fe34-40b0-a1e8-f27b9ab0b66a ## Documents - https://www.contractsfinder.service.gov.uk/Notice/e4e07f89-32ae-474d-a538-b82f57d0ed74 20th December 2022 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/7542b389-fd53-4bd7-82e7-1da13b409c6d 6th April 2022 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/d43561ac-fe34-40b0-a1e8-f27b9ab0b66a 17th January 2022 - Early engagement notice on Contracts Finder ## Notice URLs - https://intendhost.co.uk/universityofsouthampton ## 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-b5fd17-5ed8d843-a34e-427c-bbcd-8aad6abff0a4. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-5ed8d843-a34e-427c-bbcd-8aad6abff0a4.json.