--- title: "Provision of External Audit Services" ocid: "ocds-h6vhtk-02b54e" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02b54e" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02b54e.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02b54e.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "NURSING AND MIDWIFERY COUNCIL" published: "2021-05-26" --- # Provision of External Audit Services Buyer: NURSING AND MIDWIFERY COUNCIL Current stage: Tender OCID: ocds-h6vhtk-02b54e [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02b54e) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02b54e.json) ## Summary The Nursing and Midwifery Council (NMC) is currently conducting a competitive tender process for the provision of External Audit Services. This procurement falls under the services category and is located in London, UK. The tendering process is active, with bids due by 25 June 2021 at 14:00. The contract will cover a period of up to 10 years, starting with the financial year ending 31 March 2022. Interested bidders must be registered auditors and should apply through the open procurement method outlined in this tender. This opportunity presents a chance for auditing firms, particularly those with expertise in regulatory bodies and the healthcare sector, to expand their market presence. Businesses that are well-versed in working with similar organisations and possess knowledge of the HM Treasury Financial Reporting Manual (FReM) will find themselves particularly well-suited. The challenge will involve delivering a high-quality external audit while collaborating effectively with the National Audit Office (NAO), making this an ideal prospect for companies looking to enhance their business growth in the public sector. ## Notice Following the PIN published on FTS on 19 April 2021, publication reference: 2021/S 000-008192, the Nursing and Midwifery Council (NMC) is undertaking a competitive tender process under the Open Procedure, in accordance with the Public Contracts Regulations 2015 (the "Regulations"). Our core regulatory and charitable activities are setting standards of conduct and practice, approving education courses under which nurses, midwives and nursing associates qualify to practise in the UK, maintaining the register of professionals eligible to practise, and investigating concerns over professionals' fitness to practise. Our fitness to practise activities represent around half of our total direct resources expended. We are inviting Registered Auditors to bid for the external audit of our financial statements for a term of up to 10 years, starting with the year ending 31 March 2022. NMC requires a high quality external audit delivered in an efficient manner by an auditor with high integrity and reputation. The external auditor should use specialists and industry experts to ensure they clearly understand our organisation and are able to provide a value-added service. ### Lot Information Lot 1 The aim of this procurement process is to invite bids for the provision of External Audit of the NMC's financial statements, for the year ending 31 March 2022 onwards. As a summary, this includes: The NAO place reliance on the work of Council-appointed auditors, so it is essential that our auditors work effectively with the NAO, and the NAO are confident in their work. You will be required to provide an opinion for the NAO and share any of your working papers with the NAO on request. Our overarching objective is the protection of the public, and we are a registered charity, but our finances are much simpler and more secure than many charities: we have no voluntary income, or charity shops, or branches or subsidiaries. So we have less need for charity expertise from our auditors than other charities might, but charity expertise is still relevant and desirable. Our key operations include the maintenance of our register and our fitness to practise process, and our income is almost entirely made up of our registration fees. Experience of working with other regulatory or membership organisations and understanding of those business processes is desirable. In practise we prepare our annual report and accounts broadly in accordance with the HM Treasury Financial Reporting Manual (FReM), which impacts significantly on the content of the annual report, and to a limited extent on the disclosures in the notes to the accounts. Understanding of the requirements of the FReM is, therefore, desirable. The external auditor is required to meet all relevant standards defined by law and by all appropriate regulators. The external auditor will need to demonstrate that these standards have been met. Options: There is an option to extend the contract for up to five further years after the initial five year term. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/011740-2021 | | Notice type | Tender 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 | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 26 May 2021 | | Submission deadline | 25 Jun 2021 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £500,000 | | 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 | NURSING AND MIDWIFERY COUNCIL | | Locality | LONDON | | Post town | West London | | Postcode | W1B 1PZ | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI35 Westminster and City of London | | Local authority | Westminster | | Electoral ward | Marylebone | | Westminster constituency | Cities of London and Westminster | | Delivery location | Not specified | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79210000 - Accounting and auditing services - 79212100 - Financial auditing services - 79212300 - Statutory audit services ## Release History - 26 May 2021 at 14:17 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/011740-2021 ## Notice URLs - https://www.in-tendhost.co.uk/nmc - https://www.nmc.org.uk - https://www.nmc.org.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-02b54e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02b54e.json.