---
title: "C0963 - Financial Model Audit Services"
ocid: "ocds-h6vhtk-06f723"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06f723"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06f723.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06f723.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "UK INFRASTRUCTURE BANK LIMITED"
published: "2026-09-10"
---

# C0963 - Financial Model Audit Services

Buyer: UK INFRASTRUCTURE BANK LIMITED  
Current stage: Award  
OCID: ocds-h6vhtk-06f723

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## Summary

National Wealth Fund Limited procured financial model audit services for its direct equity investments. The work involves auditing the operating models used for direct equity investments, providing assurance over the financial models that support those investments. It falls within accounting and auditing services, with related business consultancy services. Delivery is across the United Kingdom. The requirement was organised as a further competition under a Dynamic Purchasing System and covered a two-year service period. The buyer is based in Leeds and operates as a national economic affairs body. This opportunity is relevant to audit, financial modelling, investment assurance and related professional services firms able to examine direct equity operating models and provide structured assurance to a public-sector investment organisation.

The procurement is complete and was awarded to Deloitte LLP; the associated contract is active and was signed on 16 March 2025. It used a limited procedure under a Dynamic Purchasing System, described as an award without prior publication of a call for competition. Seven bids were recorded, including one from an SME. Recorded valid bid values ranged from £1 to £480,000. Evaluation was based on price at 30% and quality at 70%: proposed approach and methodology 17.5%, successful delivery 17.5%, resourcing and delivery plan 25%, and key risks and mitigations 10%. The requirement was presented as one lot, although that lot is recorded as cancelled while the award and contract remain active. The procurement was covered by the Government Procurement Agreement.

This award shows demand from National Wealth Fund Limited for specialist assurance of direct equity investment operating models, rather than general statutory audit alone. A credible future supplier would need demonstrable financial model audit capability, experience testing complex investment or operating models, and the ability to identify and explain model risks. The evaluation places particular emphasis on the proposed methodology, successful delivery, resourcing and delivery planning, and risk mitigation, so firms should be able to present a robust audit approach backed by suitably skilled staff and clear delivery controls. The seven recorded bids, including one SME, indicate competition from both large and smaller providers. Firms targeting similar work should be prepared to evidence reliable delivery for a public-sector investment organisation and strong financial-model assurance expertise.

## Notice

The supply of Financial Model Audit Services to undertake audits of the direct equity operating models for direct equity investments

### Lot Information

Lot 1

Further competition under Dynamic Purchasing System for the supply of Financial Model Audit Services to undertake audits of the direct equity operating models for direct equity investments. This covers a two year time period.

### Procurement Information

This contract was competed under a Dynamic Purchasing System which was tendered under PCR15: https://www.find-tender.service.gov.uk/Notice/006418-2025 We are unable to link the notice (2025/S 000-006418) and select Restricted Procedure here since the FTS website will not allow us to do so, however, this has followed the correct procedure.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/086018-2026 |
| Notice type | Award Notice |
| Procurement type | Standard |
| 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 | 10 Sep 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | Not specified |
| 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 | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UK INFRASTRUCTURE BANK LIMITED |
| Locality | LEEDS |
| Postcode area | Leeds |
| Postcode | LS1 4HR |
| Country | England |
| ITL 1 | TLE Yorkshire and The Humber |
| ITL 2 | TLE4 West Yorkshire |
| ITL 3 | TLE42 Leeds |
| Local authority | Leeds |
| Electoral ward | Hunslet & Riverside |
| Westminster constituency | Leeds South |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | Deloitte LLP |

## CPV Codes

### Divisions

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

### Codes

- 79000000 - Business services: law, marketing, consulting, recruitment, printing and security
- 79210000 - Accounting and auditing services

## Release History

- 10 Sep 2026 at 15:27 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/086018-2026

## Notice URLs

- https://www.contractsfinder.service.gov.uk/Notice/55dcb61e-5b1c-4f13-829a-ab466163106b
- https://www.find-tender.service.gov.uk/Notice/006418-2025
- https://www.nationalwealthfund.org.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-06f723. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06f723.json.