--- title: "Internal Audit Services" ocid: "ocds-h6vhtk-0508b4" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0508b4" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0508b4.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0508b4.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "FALMOUTH EXETER PLUS" published: "2025-04-28" --- # Internal Audit Services Buyer: FALMOUTH EXETER PLUS Current stage: Tender OCID: ocds-h6vhtk-0508b4 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0508b4) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0508b4.json) ## Summary Falmouth Exeter Plus is currently in the tender stage seeking an organisation to provide Internal Audit Services. The procurement process is under the open competition method, specifically targeting services within the procurement category, and is classified under the CPV code 79212200 for Internal Audit Services. This opportunity, located in Cornwall, United Kingdom, has a tender period ending on 2nd June 2025. Key dates also include an enquiry period closure on 23rd May 2025. The entire contract duration is 36 months, starting from 21st July 2025, with an extension option for an additional 24 months. The gross value of the contract is estimated at £108,000, with a net amount of £90,000. This tender presents a significant prospect for businesses specialising in audit services, with a focus on providing independent appraisal functions, ensuring internal control adequacy within university settings. Enterprises that are especially well-suited to compete include small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs), as the procurement process supports reserved participation for these entities. The selection criteria include technical, commercial, and sustainability and social value elements, which account for 60%, 30%, and 10% of the assessment, respectively. Additionally, firms with expertise in delivering comprehensive audit reports and value-driven performance reviews will find this opportunity aligns well with their services. Businesses interested in this bid should prepare submissions in compliance with the specified electronic submission policy. ## Notice Internal Audit is an independent appraisal function within the University providing a service to management and is responsible to the Board of Governors and Audit & Risk Committee. The key role of internal audit is to provide assurance to the Governing Body as to the adequacy of the systems of internal control (including those arrangements for achieving economy, efficiency and effectiveness). The Audit & Risk Committee is responsible for reporting annually to the Board of Governors about the adequacy of the systems of internal control in place across the University. To help it arriving at an opinion on this it may rely on an internal audit service, who will report to it. For day-to-day issues, the Audit & Risk Committee delegates the co-ordination, direction and control of the audit to the Executive Director of Finance, Audit & Risk. The Internal Auditors appointed will have direct access as necessary, to the Executive Director of Finance, Audit & Risk, the Vice Chancellor and to the Chair of the Audit & Risk Committee. The scope of internal audit work extends to all of the University's activities. For each meeting of the Audit & Risk Committee (normally 3 per year) reports detailing the results of internal audit reviews undertaken must be presented. These need to be finalised and received by the University two weeks in advance of each meeting of the Audit & Risk Committee. In addition an annual report will be required summarising the work undertaken and providing an opinion to the Audit & Risk Committee as to the adequacy of the overall system of internal control. The successful firm may be asked to carry out special internal audit reviews requested by the Corporation, Audit & Risk Committee, Vice Chancellor or the Executive Director of Finance, Audit & Risk, providing such reviews do not compromise their objectivity or independence. ### Lot Information Lot LOT-0000 Renewal: 24 month extension option at the end of the first 36 months ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/017432-2025 | | Notice type | UK4 - Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Below threshold - open competition | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 28 Apr 2025 | | Submission deadline | 2 Jun 2025 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 21 Jul 2025 - 21 Jul 2028 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £90,000 | | Lots value | £90,000 | | 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 | FALMOUTH EXETER PLUS | | Locality | PENRYN, CORNWALL | | Post town | Truro | | Postcode | TR10 9FE | | Country | England | | ITL 1 | TLK South West (England) | | ITL 2 | TLK3 Cornwall and Isles of Scilly | | ITL 3 | TLK30 Cornwall and Isles of Scilly | | Local authority | Cornwall | | Electoral ward | Constantine, Mabe & Mawnan | | Westminster constituency | Camborne and Redruth | | Delivery location | Not specified | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79212200 - Internal audit services ## Release History - 28 Apr 2025 at 16:10 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/017432-2025 ## Documents - https://www.find-tender.service.gov.uk/Notice/017432-2025 28th April 2025 - Tender notice on Find a Tender ## Notice URLs - https://fxplus.ac.uk/ - https://uk.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=93198&B= - https://www.legislation.gov.uk/ukpga/2023/54/contents ## 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-0508b4. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0508b4.json.