---
title: "Provision of Internal Audit Services to the Finance Wales Group"
ocid: "ocds-kuma6s-069009"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-kuma6s-069009"
markdown_url: "https://d3tenders.com/contract/ocds-kuma6s-069009.md"
json_url: "https://d3tenders.com/contract/ocds-kuma6s-069009.json"
source: "Sell2Wales"
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-kuma6s-069009

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-kuma6s-069009)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-kuma6s-069009.json)

## Summary

Finance Wales plc, located in Cardiff, has sought bids for the provision of internal audit services to the Finance Wales Group. The procurement falls under the "Economic affairs" industry category and was conducted via an open procedure. Important dates include the issuance of the award notice on 13th August 2024. The contract, initially proposed to run for five years with an option to terminate after three years, was eventually cancelled at the award stage. This tender involved evaluating the effectiveness of risk management, control, and governance within the organisation.

This procurement opportunity offers significant growth potential for firms specialising in internal audit services, especially those with experience in public sector financial management. Businesses capable of ensuring consistency across all required audit services, and those familiar with compliance and governance in economic affairs, would find this contract highly suitable. Although the tender has been cancelled, similar future opportunities from Finance Wales could be highly beneficial for companies looking to expand their portfolio in this sector.

## 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.. 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 | Sell2Wales |
| Latest notice | https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=069009 |
| Notice type | OJEU - F3 - Contract 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 |
| Additional buyers | FINANCE WALES |
| 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 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=069009

## Documents

- https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=AUG487749
  Provision of Internal Audit Services to the Finance Wales Group - 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.

## Notice URLs

- http://www.financewales.co.uk
- https://api.sell2wales.gov.wales/v1?lang=cy/Notice?id=ocds-kuma6s-069009
- https://etenderwales.bravosolution.co.uk
- https://www.financewales.co.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-kuma6s-069009. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-kuma6s-069009.json.