--- title: "Internal Audit Services" ocid: "ocds-r6ebe6-0000750360" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000750360" markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000750360.md" json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000750360.json" source: "Public Contracts Scotland" current_stage: "Award" buyer: "TRUST HOUSING ASSOCIATION LTD" published: "2024-03-05" --- # Internal Audit Services Buyer: TRUST HOUSING ASSOCIATION LTD Current stage: Award OCID: ocds-r6ebe6-0000750360 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000750360) [Download OCDS JSON](https://d3tenders.com/contract/ocds-r6ebe6-0000750360.json) ## Summary The Trust Housing Association Ltd, based in Edinburgh, UK, has completed an award process for the procurement of Internal Audit Services. The tender, titled "Internal Audit Services", falls under the service category and aims to review and examine internal controls to manage operational risks. The Trust is the buying organisation, and the procurement method used was an open procedure. The contract was awarded to TIAA Ltd with a value of 55,125 GBP, signed on 13th February 2024. The procurement stage was at the award phase. This tender for Internal Audit Services by the Trust Housing Association Ltd presents business growth opportunities for providers of internal audit services. Small to medium-sized enterprises (SMEs) specialising in audit and risk management services would be well-suited to compete. The contract involves carrying out internal audits, focusing on operational areas, with potential for annual contract reviews and extensions. Businesses offering audit expertise to manage organisational risks can benefit from participating in this awarded procurement process. ## Notice 3.1 Trust is seeking to appoint a provider of internal audit services to review and examine the effectiveness of internal controls designed to manage risk in the organisation's operational activities. ### Lot Information Lot 1 Trust is seeking to appoint a provider of internal audit services to review and examine the effectiveness of internal controls designed to manage risk in the organisation's operational activities. It is envisaged that a total of 4 internal audits, plus a follow-up visit, will be carried out per year covering all operational areas of the business. Additional ad-hoc audits may be requested. No regularity reviews will be carried out as these will be undertaken internally as part of the quality management framework. The proposed contract period is 3-years with further options for two 12-month extension periods (3+1+1). The contract will be reviewed annually to ensure standards and expectations are being met. Renewal: The proposed contract period is 3-years with further options for two 12-month extension periods (3+1+1). The contract will be reviewed annually to ensure standards and expectations are being met ## Key Details | Field | Value | | --- | --- | | Publication source | Public Contracts Scotland | | Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR500096 | | 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 | 5 Mar 2024 | | Submission deadline | 18 Dec 2023 | | Future notice date | Not specified | | Award date | 13 Feb 2024 | | Contract period | Not specified | | Recurrence | November 2026 if extension option not exercised November 2028 if extensions exercised | ## Values | Field | Value | | --- | --- | | Tender value | £50,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | £55,125 | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Complete | | Awards status | Not specified | | Contracts status | Active | ## Buyer | Field | Value | | --- | --- | | Main buyer | TRUST HOUSING ASSOCIATION LTD | | Locality | EDINBURGH | | Post town | Edinburgh | | Postcode | EH14 1RL | | 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 | Fountainbridge/Craiglockhart | | Westminster constituency | Edinburgh South West | | Delivery location | TLM75 City of Edinburgh | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | TIAA | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79212200 - Internal audit services ## Release History - 5 Mar 2024 at 00:00 - Award - PCS Notice - Website Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR500096 - 17 Nov 2023 at 00:00 - Tender - PCS Notice - Website Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV492968 ## Documents - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV492968&idx=10 17th November 2023 - Terms and Conditions - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV492968&idx=1 17th November 2023 - Invitation to Tender - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV492968&idx=2 17th November 2023 - Form of Tender - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV492968&idx=3 17th November 2023 - Freedom of Information - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV492968&idx=4 17th November 2023 - Pricing Schedule - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV492968&idx=5 17th November 2023 - SPD - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV492968&idx=6 17th November 2023 - Tender Questionnaire - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV492968&idx=7 17th November 2023 - Supply Chain Code of Conduct - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV492968&idx=8 17th November 2023 - Data Protection Addendum - https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=NOV492968&idx=9 17th November 2023 - Specification of Requirement - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV492968 Internal Audit Services - 3.1 Trust is seeking to appoint a provider of internal audit services to review and examine the effectiveness of internal controls designed to manage risk in the organisation's operational activities. - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR500096 Internal Audit Services - 3.1 Trust is seeking to appoint a provider of internal audit services to review and examine the effectiveness of internal controls designed to manage risk in the organisation's operational activities. ## Notice URLs - http:// - http://www.publiccontractsscotland.gov.uk - http://www.trustha.org.uk - https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000750360 - https://www.scotcourts.gov.uk/the-courts/court-locations/edinburgh-sheriff-court-and-justice-of-the-peace-court ## 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-r6ebe6-0000750360. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000750360.json.