---
title: "External Audit Services"
ocid: "ocds-h6vhtk-0317bc"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0317bc"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0317bc.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0317bc.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "UNIVERSITY OF LINCOLN"
published: "2022-07-22"
---

# External Audit Services

Buyer: UNIVERSITY OF LINCOLN  
Current stage: Award  
OCID: ocds-h6vhtk-0317bc

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0317bc.json)

## Summary

The University of Lincoln, located in Lincolnshire, is conducting a procurement process for External Audit Services. The tender, classified under the CPV code 79212100 for financial auditing services, has been awarded after an open procedure initiated in July 2022. The contract is set to run for three years, starting from 1st July 2022, with the possibility of extending for two additional years until June 2027. The contract value is approximately £550,000, and the award decision was made in early June 2022 after a total of two bids were submitted.

This opportunity presents substantial growth potential for firms specialising in external auditing, particularly those with expertise in the Higher Education sector. Companies that possess experience in statutory audits, financial statement reviews, and compliance with US Federal Loan regulations will be well-positioned to compete. This contract can benefit businesses looking to expand their portfolio in public sector engagements, especially within the educational domain, leveraging their qualifications and relevant experience in similar projects.

## Notice

This is a contract award notice for the provision of External Audit Services to the University of Lincoln. The University has conducted an open tender process to appoint auditors who have in-depth knowledge and experience in the Higher Education (HE) Sector.

### Lot Information

Lot 1

This is a contract award notice for the provision of External Audit Services to the University of Lincoln. The University has conducted an open tender process to appoint auditors who have in-depth knowledge and experience in the Higher Education (HE) Sector. High level services covered by the contract are: - Statutory audit of the group financial statements. - Audit and sign-off of US Federal Loan Return, in accordance with US Department of Education requirements. - Audit and sign-off of the Teacher's Pension Scheme (TPS) return in accordance with TPS requirements. - Audit and sign-off of financial covenant calculations. The contract will run for a period of 3 years commencing on 1st July 2022. There will be an option for the University to extend the contract by two further periods of 12 months until 30th June 2027

Options: The Contract will run for a period of 3 years commencing as soon as possible following Contract award (c. July 2022). There will be an option for the University to extend the Contract by two further periods of 12 months in yearly increments.

Renewal: 2 x 12 month extensions available, in yearly increments.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/019976-2022 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 22 Jul 2022 |
| Submission deadline | 23 Mar 2022 |
| Future notice date | Not specified |
| Award date | 9 Jun 2022 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £500,000 |
| Lots value | £500,000 |
| Awards value | Not specified |
| Contracts value | £550,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UNIVERSITY OF LINCOLN |
| Locality | LINCOLN |
| Post town | Lincoln |
| Postcode | LN6 7TS |
| Country | England |
| ITL 1 | TLF East Midlands (England) |
| ITL 2 | TLF3 Lincolnshire |
| ITL 3 | TLF30 Lincolnshire CC |
| Local authority | Lincoln |
| Electoral ward | Boultham |
| Westminster constituency | Lincoln |
| Delivery location | TLF3 Lincolnshire |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | KPMG |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79212100 - Financial auditing services

## Release History

- 22 Jul 2022 at 09:05 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/019976-2022
- 16 Feb 2022 at 12:15 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/004384-2022

## Notice URLs

- https://neupc.delta-esourcing.com/delta/viewNotice.html?noticeId=707265639
- https://www.delta-esourcing.com/tenders/UK-UK-Lincoln:-Financial-auditing-services./554P9P2DK8
- https://www.delta-esourcing.com/tenders/UK-title/XW737XJ8S7
- https://www.lincoln.ac.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-0317bc. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0317bc.json.