--- title: "Appointment of External Auditors" ocid: "ocds-r6ebe6-0000516322" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000516322" markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000516322.md" json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000516322.json" source: "Public Contracts Scotland" current_stage: "Award" buyer: "SCOTTISH FUTURES TRUST" published: "2017-12-01" --- # Appointment of External Auditors Buyer: SCOTTISH FUTURES TRUST Current stage: Award OCID: ocds-r6ebe6-0000516322 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000516322) [Download OCDS JSON](https://d3tenders.com/contract/ocds-r6ebe6-0000516322.json) ## Summary The Scottish Futures Trust is currently managing the procurement process for the "Appointment of External Auditors," aiming to engage a single provider to undertake auditing for the Scottish Futures Trust and its investment subsidiary, Scottish Futures Trust Investments Limited, for a tenure of up to four years. This tender is an open procedure, and the tender period closes on 16 November 2017. Based in Edinburgh, Scotland, the contract has a total value of £120,000 and is classified under the services industry category, specifically focusing on auditing and financial control services. This opportunity presents significant potential for firms specialising in audit services, particularly those with experience in public sector engagements or financial controls. Small and medium-sized enterprises (SMEs) in the financial and accounting sectors may find this tender particularly advantageous to expand their client portfolio. The external audit role not only involves standard financial reporting but also encompasses additional advisory services regarding taxation and compliance, allowing for a comprehensive service offering that could attract clients seeking robust financial governance. ## Notice SFT wishes to appoint a single provider to undertake the role of auditor for SFT and its subsidiary investment company, Scottish Futures Trust Investments Limited (SFTI) for a period of up to 4 years. ### Lot Information Lot 1 The scope of the work required from the successful bidder covers the SFT Group comprising Scottish Futures Trust Limited and Scottish Futures Trust Investments Limited and comprises: 1. External Audit of Group companies; 2. Financial controls and procedures testing; and 3. Additional support regarding tax advice, VAT advice or other requirement required by SFT's Audit Committee or management. Further details are provided within the procurement documents. Options: SFT may from time to time require additional advice relating to Tax advice, VAT advice or other requirements subject to the caps placed on non-audit fees by the Group Audit Committee. Renewal: SFT at its entire discretion reserves the right to extend the appointment by a further year. ## Key Details | Field | Value | | --- | --- | | Publication source | Public Contracts Scotland | | Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC302862 | | Notice type | PCS Notice - Website Contract Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | SME | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 1 Dec 2017 | | Submission deadline | 16 Nov 2017 | | Future notice date | Not specified | | Award date | 1 Dec 2017 | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £120,000 | | Lots value | £120,000 | | Awards value | Not specified | | Contracts value | £65,145 | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Complete | | Awards status | Not specified | | Contracts status | Active | ## Buyer | Field | Value | | --- | --- | | Main buyer | SCOTTISH FUTURES TRUST | | Locality | EDINBURGH | | Post town | Edinburgh | | Postcode | EH2 1DF | | Country | Scotland | | ITL 1 | TLM Scotland | | ITL 2 | TLM1 East Central Scotland | | ITL 3 | TLM13 City of Edinburgh | | Local authority | City of Edinburgh | | Electoral ward | City Centre | | Westminster constituency | Edinburgh North and Leith | | Delivery location | TLM75 City of Edinburgh | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | SCOTT-MONCRIEFF | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79200000 - Accounting, auditing and fiscal services - 79210000 - Accounting and auditing services - 79212100 - Financial auditing services - 79212300 - Statutory audit services ## Release History - 1 Dec 2017 at 00:00 - Award - PCS Notice - Website Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC302862 - 24 Oct 2017 at 00:00 - Tender - PCS Notice - Website Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT298986 ## Documents - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=OCT298986&idx=4 24th October 2017 - Invitation to Tender - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=OCT298986&idx=1 24th October 2017 - Financial Review - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=OCT298986&idx=2 24th October 2017 - Extract SFT Annual Accounts - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=OCT298986&idx=3 24th October 2017 - Group Audit Management Report - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT298986 Appointment of External Auditors - SFT wishes to appoint a single provider to undertake the role of auditor for SFT and its subsidiary investment company, Scottish Futures Trust Investments Limited (SFTI) for a period of up to 4 years. - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC302862 Appointment of External Auditors - SFT wishes to appoint a single provider to undertake the role of auditor for SFT and its subsidiary investment company, Scottish Futures Trust Investments Limited (SFTI) for a period of up to 4 years. ## Notice URLs - http:// - http://www.publiccontractsscotland.gov.uk - http://www.scotcourts.gov.uk - http://www.scottishfuturestrust.org.uk - https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000516322 ## 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-r6ebe6-0000516322. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000516322.json.