---
title: "The Provision of External Audit Services for the City of London"
ocid: "ocds-h6vhtk-02991f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02991f"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02991f.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02991f.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON"
published: "2021-06-10"
---

# The Provision of External Audit Services for the City of London

Buyer: THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON  
Current stage: Tender  
OCID: ocds-h6vhtk-02991f

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## Summary

The City of London Corporation is conducting an open tender for the provision of External Audit Services, valued at £1,672,000 over a contract term of three years, with the possibility of a one-year extension. Interested suppliers must register on the electronic tendering system 'CapitaleSourcing' by 12:00 on 12 July 2021, with submissions required in written format. This procurement is part of an active procurement stage, and the successful contractor will be appointed to audit the City’s financial statements and certify various grant claims.

This tender presents significant opportunities for audit firms looking to expand their business within the public sector. Companies specialising in auditing services, particularly those experienced in handling the varied requirements of local authorities, charities, and private entities, would be well-suited to compete. Participation in this tender not only allows firms to secure a substantial contract but also to establish a long-term collaborative relationship with a unique organisation that operates across multiple sectors.

## Notice

The City of London Corporation (the City) is undertaking a 1 stage procurement process in relation to the provision of External Audit Services (the 'Service'). 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. Further information for this opportunity can be found in II.2.4) Description of the procurement field (of this notice).

### Lot Information

Lot 1

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. The estimated total value of the contract is also stated in II.1.5) and II.2.6) of this notice and is for the entire duration, i.e. including the optional extensions. 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.

Options: The duration of the contract will be three (3) years, with the option to extend up to one (1) further year.

Renewal: This will be upon expiry of the contract, subject to contractor performance and internal approvals

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/013125-2021 |
| Notice type | Planning Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Planning, Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 10 Jun 2021 |
| Submission deadline | 12 Jul 2021 |
| Future notice date | 13 May 2021 |
| Award date | Not specified |
| Contract period | Not specified |
| 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 | Active |
| Awards status | Not specified |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON |
| 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
- 79212300 - Statutory audit services

## Release History

- 10 Jun 2021 at 21:45 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/013125-2021
- 7 Apr 2021 at 21:56 - TenderUpdate - Tender Notice - https://www.find-tender.service.gov.uk/Notice/007155-2021
- 5 Mar 2021 at 22:56 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/004526-2021

## 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. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02991f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02991f.json.