---
title: "Provision of Internal Audit Services to the Finance Wales Group"
ocid: "ocds-h6vhtk-048a6b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-048a6b"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-048a6b.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-048a6b.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "FINANCE WALES PLC"
published: "2024-08-13"
---

# Provision of Internal Audit Services to the Finance Wales Group

Buyer: FINANCE WALES PLC  
Current stage: Award  
OCID: ocds-h6vhtk-048a6b

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## Summary

Finance Wales plc, located in Cardiff, is looking to procure an organisation to provide internal audit services for the Finance Wales Group. The procurement process has reached the Award stage, as of 13 August 2024, but the current status is cancelled. This tender was an open procedure under the CPV code 79212200 for internal audit services, intended to run for a period of five years with an option to terminate after three years. The services were to evaluate the effectiveness of controls established by the management team regarding risk management, control, and governance within the organisation. The contract covered the UK region and was part of the Government Procurement Agreement (GPA).

This tender offers significant opportunities for businesses specialising in internal audit services. Companies with expertise in risk management, control, and governance could see growth in securing long-term contracts with public sector organisations like Finance Wales. Businesses experienced with electronic tendering platforms, such as eTenderwales, would be well-suited to compete. Although this particular tender has been cancelled, companies that prepare and align their services with such requirements could gain an advantage in future opportunities, positioning themselves favourably for other similar procurements.

## Notice

Finance Wales (FW) is looking to procure a suitable organisation to carry out internal audit services for the Finance Wales Group. Further information regarding the services can be obtained from the Invitation to Tender. The tender will be undertaken through an electronic tendering profile at www.etenderwales.bravosolution.co.uk. Full instructions on accessing the eTender are found in section V1.3 of this notice.

### Lot Information

Lot 1

FW is seeking to appoint an organisation to provide internal audit services to evaluate the effectiveness of the controls established by FW's management team and its approach to risk management, control and governance comprised within the policies, procedures and operations of the Finance Wales Group. The services required are described in the Invitation to Tender. FW has concluded that it is not appropriate to divide the internal audit services into lots because of the importance of ensuring consistency of service provision across all of the internal audit services required. Additional information: The contract will run for a period of 5 years but FW will have the option to terminate the contract after 3 years.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/025631-2024 |
| Notice type | Award 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 | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 Aug 2024 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 13 Aug 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Cancelled |
| Lots status | Cancelled |
| Awards status | Unsuccessful |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | FINANCE WALES PLC |
| Locality | CARDIFF |
| Post town | Cardiff |
| Postcode | CF10 4BZ |
| Country | Wales |
| ITL 1 | TLL Wales |
| ITL 2 | TLL5 South East Wales |
| ITL 3 | TLL52 Cardiff and Vale of Glamorgan |
| Local authority | Cardiff |
| Electoral ward | Butetown |
| Westminster constituency | Cardiff South and Penarth |
| Delivery location | TLL Wales |

## CPV Codes

### Divisions

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

### Codes

- 79212200 - Internal audit services

## Release History

- 13 Aug 2024 at 12:52 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/025631-2024

## Notice URLs

- http://www.financewales.co.uk
- http://www.sell2wales.gov.uk/search/Search_AuthProfile.aspx?ID=AA0555
- https://etenderwales.bravosolution.co.uk
- https://ted.europa.eu/udl?uri=TED:NOTICE:310560-2017:TEXT:EN:HTML

## 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-048a6b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-048a6b.json.