---
title: "Internal Audit"
ocid: "ocds-h6vhtk-033291"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-033291"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-033291.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-033291.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "LOCAL PENSIONS PARTNERSHIP INVESTMENTS LTD"
published: "2022-04-29"
---

# Internal Audit

Buyer: LOCAL PENSIONS PARTNERSHIP INVESTMENTS LTD  
Current stage: Award  
OCID: ocds-h6vhtk-033291

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-033291.json)

## Summary

The procurement process relates to an internal audit contract sought by Local Pensions Partnership Investments Ltd, a FCA authorised asset management firm located in London, UK. The title of the procurement is "Internal Audit" and falls under the services category, specifically classified as internal audit services (CPV code: 79212200). The procurement method used was a limited procedure, particularly an award without prior publication of a call for competition. The contract was signed on 29 April 2022, with Deloitte LLP being the awarded supplier for the provision of comprehensive internal audit and assurance services.

This contract presents significant growth opportunities for businesses in the audit and assurance sector, particularly those offering internal audit services and consulting in governance, risk management, and financial oversight. Companies specialising in these areas, especially those with expertise in IT, finance and operations, would be well-positioned to compete in future tenders under similar frameworks. The competitive landscape may also favour firms capable of providing tailored solutions and strategic advice in line with the standards required by public organisations such as Local Pensions Partnership Investments Ltd.

## Notice

The FCA authorised and regulated asset management firm Local Pensions Partnership Investments Ltd seeks to award a contract for Internal Audit and Assurance under Lot 1 of the Crown Commercial Service's Audit and Assurance Services Framework Agreement RM6188. The service shall cover all aspects of internal audit to provide independent and objective assurance and consulting activity on the effectiveness of governance, risk management and controls in line with applicable standards. The Supplier to Local Pensions Partnership Investments Ltd will provide: * Assurance on governance, risk management and controls including but not limited to IT, finance, commercial, human resources, facilities management, policy development and operations * Advice and guidance on internal audit * Development of internal audit strategy and methodologies * Outsourced internal audit services * Specialist services covering Finance including treasury management

### Lot Information

Lot 1

The FCA authorised and regulated asset management firm Local Pensions Partnership Investments Ltd seeks to award a contract for Internal Audit and Assurance under Lot 1 of the Crown Commercial Service's Audit and Assurance Services Framework Agreement RM6188. The service shall cover all aspects of internal audit to provide independent and objective assurance and consulting activity on the effectiveness of governance, risk management and controls in line with applicable standards. The Supplier to Local Pensions Partnership Investments Ltd will provide: * Assurance on governance, risk management and controls including but not limited to IT, finance, commercial, human resources, facilities management, policy development and operations * Advice and guidance on internal audit * Development of internal audit strategy and methodologies * Outsourced internal audit services * Specialist services covering Finance including treasury management

### Procurement Information

In accordance with the process detailed in framework schedule 7, LPPI Ltd is making a direct award to Deloitte LLP to provide Internal Audit and Assurance under Lot 1 of the Crown Commercial Service (CCS) Audit and Assurance Services Framework Agreement RM6188. The service shall cover all aspects of internal audit to provide independent and objective assurance and consulting activity on the effectiveness of governance, risk management and controls in line with applicable standards. The Direct Award is made on the basis that the Buyer has determined that the deliverables can be met by Deloitte LLP as set out in Framework schedule 1 and Framework schedule 2. The Buyer's statement of requirements was assessed against the Suppliers' catalogues and it was established that the from the Suppliers assessed as able to provide the services, the most economically advantageous solution was provided by Deloitte LLP.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/011252-2022 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 29 Apr 2022 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 28 Apr 2022 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £450,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LOCAL PENSIONS PARTNERSHIP INVESTMENTS LTD |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2M 2PF |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Bishopsgate |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLD North West (England), TLI London |

## Supplier

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

## CPV Codes

### Divisions

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

### Codes

- 79212200 - Internal audit services

## Release History

- 29 Apr 2022 at 15:49 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/011252-2022

## Notice URLs

- https://www.localpensionspartnership.org.uk/Investment-management

## 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-033291. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-033291.json.