--- title: "External Audit Services" ocid: "ocds-h6vhtk-03f9cc" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03f9cc" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03f9cc.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03f9cc.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "COVENTRY UNIVERSITY" published: "2023-09-04" --- # External Audit Services Buyer: COVENTRY UNIVERSITY Current stage: Tender OCID: ocds-h6vhtk-03f9cc [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03f9cc) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-03f9cc.json) ## Summary Coventry University is seeking external audit services through an open procedure tender labelled as "PD-806-22-KM". The contract is valued at £550,000 and involves a comprehensive audit service for a period of five years with a possible two-year extension. Key requirements include continuity of staff, knowledge of UK Higher Education finance practices, and the ability to address strategic challenges in the sector. The procurement stage is currently active, with the tender period closing on October 12, 2023, followed by the award period and bid opening on the same date. This procurement opportunity by Coventry University for auditing services presents a chance for audit firms with experience in the Higher Education sector to expand their business. Companies with expertise in providing external audit services, particularly those familiar with the complexities and challenges of university finance practices, are well-suited to compete in this tender. The contract offers a stable revenue stream over a potential seven-year period and requires firms to demonstrate their capability to meet the specific audit needs of Coventry University while adhering to legal and sector-specific requirements. ## Notice Coventry University is inviting tenders from firms of auditors to provide us with a comprehensive external audit service for a period of five years with the option for an additional two year extension. Contract extension is subject to satisfactory contract performance reviews. The firm appointed must satisfy the criteria for eligibility as external auditors of Higher Education Institutions as set out in the OfS accounts direction, including being Listed on the register of Statutory Auditors and in respect of any audits of registered companies to which they may be appointed, must satisfy the relevant requirements of the Companies Act 2006.Coventry University regards the following as key requirements in meeting its needs:* maintaining a high degree of continuity of staff involved from the appointed firm as very desirable, especially senior levels i.e. the partner and manager, but also with the audit staff;* thorough knowledge of UK Higher Education sector finance practice ### Lot Information Lot 1 Coventry University is inviting tenders from firms of auditors to provide us with a comprehensive external audit service for a period of five years with the option for an additional two year extension. Contract extension is subject to satisfactory contract performance reviews. The firm appointed must satisfy the criteria for eligibility as external auditors of Higher Education Institutions as set out in the OfS accounts direction, including being Listed on the register of Statutory Auditors and in respect of any audits of registered companies to which they may be appointed, must satisfy the relevant requirements of the Companies Act 2006.Coventry University regards the following as key requirements in meeting its needs:* maintaining a high degree of continuity of staff involved from the appointed firm as very desirable, especially senior levels i.e. the partner and manager, but also with the audit staff;* thorough knowledge of UK Higher Education sector finance practiceawareness of current strategic issues and challenges that face the HE sector.* ability to respond dynamically to the challenges presented by the complexity of Coventry University group. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/026084-2023 | | 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 | 4 Sep 2023 | | Submission deadline | 12 Oct 2023 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £550,000 | | Lots value | £550,000 | | 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 | COVENTRY UNIVERSITY | | Locality | COVENTRY | | Post town | Coventry | | Postcode | CV1 5FB | | Country | England | | ITL 1 | TLG West Midlands (England) | | ITL 2 | TLG3 West Midlands | | ITL 3 | TLG33 Coventry | | Local authority | Coventry | | Electoral ward | St Michael's | | Westminster constituency | Coventry South | | Delivery location | TLG33 Coventry | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79212000 - Auditing services ## Release History - 4 Sep 2023 at 14:14 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/026084-2023 ## Notice URLs - https://in-tendhost.co.uk/coventryuniversity - https://www.coventry.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-03f9cc. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03f9cc.json.