--- title: "Provision of Audit Services" ocid: "ocds-h6vhtk-02ce1c" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02ce1c" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02ce1c.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02ce1c.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "WALES & WEST UTILITIES LTD" published: "2021-08-23" --- # Provision of Audit Services Buyer: WALES & WEST UTILITIES LTD Current stage: Tender OCID: ocds-h6vhtk-02ce1c [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02ce1c) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-02ce1c.json) ## Summary The Wales & West Utilities Ltd is issuing a tender for "Provision of Audit Services," primarily focused on financial and internal auditing aspects within the services sector. Located in Newport, United Kingdom, this procurement process is currently in the expression of interest stage, which invites suppliers to demonstrate their qualifications for participation. The tender period will close on 24th August 2021, and it involves the evaluation of submissions via a selective procurement method. Interested parties must register on the Bravo e-sourcing portal by the deadline to access the associated tender documents and respond to the Pass/Fail criteria regarding their experience. This tender represents a valuable opportunity for audit firms specialising in financial audit, taxation compliance, and internal audit services to expand their client portfolios. Businesses with expertise in statutory audit processes and those registered for the e-sourcing procurement portal are best positioned to compete. With a contract duration of three years and potential extensions of two additional years, successful participants can anticipate a steady stream of projects, enhancing their market presence and operational capacity. ## Notice The Board of WWGN Holdings (UK) Limited has decided to invite a number of audit firms to propose for: financial audit, taxation compliance and other related services; and internal audit services. WWU are looking to award a 3 year contract with the option to extend for up to 2 years (1+1). WWU would like to invite expressions of interest based on the Lots specified and for interested suppliers to answer a Pass/Fail question based on experience. Please note no further qualification or tender information will be published until the expression of interest period has closed. ### Lot Information LOT ONE - External Audit The WWU group of companies are required to prepare and file statutory Audited Financial Statements annually as at 31 March. In addition, WWU is required to prepare Consolidated Regulatory Accounts for the Regulator, Ofgem together with a number of other returns which are subject to 'Agreed Upon Procedures' performed by the statutory auditors. Several of the companies are also required to prepare Interim Financial Statements. This is a requirement of the Investors in the group. WWU Finance plc has listed bonds in issue on the London Stock Exchange. Further issues are expected and as such experience in Capital Markets Transactions is required. Renewal: Further information will be provided in the tender documentation LOT TWO - Internal Audit Whilst WWU has an insourced internal audit function, outsourced internal audit services are also required for reasons such as requiring a specific expertise or supporting with resource capacity. It is anticipated that a minimum of five audits will be outsourced per annum, one of which for example is in respect of Special Standard Condition D10 - Connections Procedures - of WWU's Gas Transporters License. In addition to the five audits, other assurance work (e.g. support with data analytics activity on in-house audits) may be required on an ad-hoc basis. Renewal: Further information will be provided in the tender documentation ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/020708-2021 | | Notice type | Tender Notice | | Procurement type | Framework | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Negotiated procedure with prior call for competition | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 23 Aug 2021 | | Submission deadline | 24 Aug 2021 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | 5 years | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | 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 | WALES & WEST UTILITIES LTD | | Locality | NEWPORT | | Post town | Newport | | Postcode | NP10 8FZ | | Country | Wales | | ITL 1 | TLL Wales | | ITL 2 | TLL5 South East Wales | | ITL 3 | TLL54 Monmouthshire and Newport | | Local authority | Newport | | Electoral ward | Tredegar Park and Marshfield | | Westminster constituency | Newport West and Islwyn | | Delivery location | Not specified | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79212000 - Auditing services - 79212100 - Financial auditing services - 79212200 - Internal audit services ## Release History - 23 Aug 2021 at 15:45 - TenderUpdate - Tender Notice - https://www.find-tender.service.gov.uk/Notice/020708-2021 - 29 Jul 2021 at 13:33 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/018094-2021 ## Notice URLs - http://www.wwutilities.co.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-02ce1c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02ce1c.json.