---
title: "Internal Audit Service"
ocid: "ocds-kuma6s-137785"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-kuma6s-137785"
markdown_url: "https://d3tenders.com/contract/ocds-kuma6s-137785.md"
json_url: "https://d3tenders.com/contract/ocds-kuma6s-137785.json"
source: "Sell2Wales"
current_stage: "Award"
buyer: "LIFE SCIENCES HUB WALES LTD"
published: "2024-03-28"
---

# Internal Audit Service

Buyer: LIFE SCIENCES HUB WALES LTD  
Current stage: Award  
OCID: ocds-kuma6s-137785

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-kuma6s-137785)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-kuma6s-137785.json)

## Summary

The Life Sciences Hub Wales Ltd has awarded a contract for an Internal Audit Service. The procurement process was initiated on March 28, 2024, and the contract was signed on March 26, 2024. The service falls under the services category and is located in Cardiff. Tiaa Ltd was the successful supplier chosen for this contract.

This tender for an Internal Audit Service by Life Sciences Hub Wales Ltd presents a significant business growth opportunity for auditing services providers. Businesses experienced in providing internal audit services, specifically those with an expertise in auditing for the public sector, would be well-suited to compete in this procurement process. The successful supplier is required to deliver a comprehensive Internal Audit Service in accordance with Public Sector Internal Audit Standards and work closely with Life Sciences Hub Wales to ensure continuous improvement.

## Notice

Life Sciences Hub Wales seeks to procure an Internal Audit Service to deliver a three-year rolling audit plan and Audit Strategy.The intention is to procure a suitably qualified and experienced Internal Auditor (the successful Supplier) to provide a comprehensive Internal Audit Service in accordance with Public Sector Internal Audit Standards to Life Sciences Hub Wales.Life Sciences Hub Wales seeks to procure and implement an internal audit service that, as a minimum expectation, delivers an efficient and effective internal audit programme, but that also provides added-value through the provision of expert and informed insight leveraging the successful Supplier's experience of both the wider public sector and private industry for the benefit of Life Sciences Hub Wales.The successful Supplier is expected to dispense honest and constructive recommendations, advice and guidance (etc) in response to completed audit activity, as well as providing suggested actions and resolutions / mitigations (etc).It would be advantageous and beneficial should the successful Supplier provide further constructive feedback based on best practice and benchmarking insight attained via previous experience of similar and wider audit activity to ensure tailored audit findings to Life Sciences Hub Wales to ensure effective continuous improvement.The successful Supplier is expected to work with Life Sciences Hub Wales to develop, agree and implement the annual audit plan, to provide proactive advice and guidance with regards to the ongoing audit plan(s) and auditing in general and to provide progress reporting against the Life Sciences Hub Wales Board Assurance Framework (BAF).Full details of the requirement and tender award criteria are presented in the Invitation to Tender document, available via Sell2Wales.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Sell2Wales |
| Latest notice | https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=137785 |
| Notice type | S2W Notice - Website Contract Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Not specified |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 28 Mar 2024 |
| Submission deadline | 2 Feb 2024 |
| Future notice date | Not specified |
| Award date | 26 Mar 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 | Not specified |
| Lots status | Not specified |
| Awards status | Not specified |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LIFE SCIENCES HUB WALES LTD |
| Locality | CARDIFF |
| Post town | Cardiff |
| Postcode | CF10 4PL |
| 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 | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | TIAA |

## CPV Codes

### Divisions

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

### Codes

- 79212000 - Auditing services
- 79212200 - Internal audit services

## Release History

- 28 Mar 2024 at 15:14 - Award - S2W Notice - Website Contract Award Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=137785
- 8 Jan 2024 at 12:55 - Tender - S2W Notice - Website Invitation to Tender Notice - https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=137785

## Documents

- https://www.sell2wales.gov.wales/Notice/Download/DocumentDownload.aspx?id=JAN462609&idx=3
  9th January 2024 - The first iteration (v1) of the ITT Clarification Schedule.
- https://www.sell2wales.gov.wales/Notice/Download/DocumentDownload.aspx?id=JAN462609&idx=1
  8th January 2024 - Invitation to Tender Document, provides full details of the requirement and award criteria.
- https://www.sell2wales.gov.wales/Notice/Download/DocumentDownload.aspx?id=JAN462609&idx=2
  8th January 2024 - Commercial Response Workbook template - Tenderers must complete and return a Commercial Workbook.

## Notice URLs

- http://www.lifescienceshubwales.com
- https://www.sell2wales.gov.wales
- https://www.tiaa.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-137785. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-kuma6s-137785.json.