---
title: "External Audit Services"
ocid: "ocds-r6ebe6-0000600692"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000600692"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000600692.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000600692.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "HERIOT WATT UNIVERSITY"
published: "2020-01-21"
---

# External Audit Services

Buyer: HERIOT WATT UNIVERSITY  
Current stage: Award  
OCID: ocds-r6ebe6-0000600692

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-r6ebe6-0000600692.json)

## Summary

The procurement process for External Audit Services was conducted by Heriot Watt University, located in Riccarton, Edinburgh. This open tender, identified by the ID HWU/1885, sought to appoint external auditors responsible for reporting on the financial statements of the university and its subsidiaries. The tender process has now been completed, with the audit services awarded to Ernst & Young following a scheduled tender period that ended on 18th November 2019.

This tender offers an excellent opportunity for businesses in the auditing and financial consulting sectors to expand their operations, particularly those capable of managing large-scale audit assignments. Given the significant financial thresholds and insurance requirements specified, firms with substantial experience and robust financial standings would be ideally suited to compete for such contracts in the education sector. Additionally, businesses interested in providing specialist services may find room for collaboration, as the university reserves the right to appoint additional firms for niche requirements.

## Notice

The University has a requirement to appoint External Auditors to report on Financial Statements of both the University and its subsidiary companies.

### Lot Information

Lot 1

The primary role of the External Auditors will be to report on the financial statements of the University and to carry out whatever examination of the statements and underlying records and control systems is necessary to reach their opinion on the statements. Additionally, the External Auditors shall report that funds from whatever source administered by the Group or the University for specific purposes have been properly applied to those purposes and, if relevant, managed in accordance with relevant legislation and any other terms and conditions attached to them; and that those provided by the SFC have been applied in accordance with the Financial Memorandum and the mandatory requirements. The scope of the External Audit Service must include the whole of the Heriot-Watt Group, which includes the following active subsidiary companies: - Heriot-Watt University Malaysia Sdn Bhd; - Heriot-Watt Services Ltd; and - Heriot-Watt Trading Ltd The University intends to appoint a single supplier but reserves the right to appoint a further firm or firms of auditors for specialist matters, where a substantial matter, project or transaction is contemplated or in any matter where the University believes that a conflict of interests may otherwise arise.. Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Renewal: It is proposed that the upcoming contract is for a three-year term, from Jan 1 2020 to Dec 31 2022, with two one-year options to extend.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN378004 |
| 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 | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 21 Jan 2020 |
| Submission deadline | 18 Nov 2019 |
| Future notice date | Not specified |
| Award date | 18 Dec 2019 |
| Contract period | 1 Jan 2020 - 31 Dec 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £500,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £485,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Not specified |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | HERIOT WATT UNIVERSITY |
| Locality | RICCARTON, EDINBURGH |
| Post town | Edinburgh |
| Postcode | EH14 4AP |
| 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 | Pentland Hills |
| Westminster constituency | Edinburgh South West |
| Delivery location | TLM75 City of Edinburgh |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ERNST & YOUNG |

## CPV Codes

### Divisions

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

### Codes

- 79212100 - Financial auditing services

## Release History

- 21 Jan 2020 at 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN378004
- 14 Oct 2019 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT369247

## Documents

- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT369247
  External Audit Services - The University has a requirement to appoint External Auditors to report on Financial Statements of both the University and its subsidiary companies.
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JAN378004
  External Audit Services - The University has a requirement to appoint External Auditors to report on Financial Statements of both the University and its subsidiary companies.

## Notice URLs

- http://
- http://hw.ac.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000600692
- https://www.publictendersscotland.publiccontractsscotland.gov.uk/esop/pts-host/public/pts/web/login.html

## 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-r6ebe6-0000600692. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000600692.json.