Section one: Contracting authority
one.1) Name and addresses
University of Lincoln
Brayford Pool
Lincoln
LN6 7TS
Contact
Laura Simms
Telephone
+44 1522886762
Country
United Kingdom
NUTS code
UKF3 - Lincolnshire
Internet address(es)
Main address
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://www.delta-esourcing.com/tenders/UK-UK-Lincoln:-Financial-auditing-services./554P9P2DK8
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
https://www.delta-esourcing.com/tenders/UK-title/XW737XJ8S7
Tenders or requests to participate must be submitted to the above-mentioned address
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Education
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
359 - External Audit Services
Reference number
359
two.1.2) Main CPV code
- 79212100 - Financial auditing services
two.1.3) Type of contract
Services
two.1.4) Short description
The University is seeking to appoint External auditors who have in-depth knowledge and experience of the Higher Education (HE) Sector. The Contract will run for a period of 3 years commencing c. July 2022. There will be an option for the University to extend the Contract by two further periods of 12 months until June 2027. The services are to include:
• Provision of a statutory audit of the Group financial statements initially for year ending 31 July 2022, in accordance with applicable auditing standards.
• Produce Audit findings report for Senior Management, the Governing Body and the Office for Students (OfS).
• Identify process and control improvements and make recommendations to Senior Management.
• Audit and sign-off of the US Federal Loan Return in accordance with US Department of Education requirements.
• Audit and sign-off of the Teacher’s Pension Scheme (TPS) return in accordance with TPS requirements.
• Audit and sign-off of financial covenant calculations.
two.1.5) Estimated total value
Value excluding VAT: £500,000
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKF3 - Lincolnshire
Main site or place of performance
Lincolnshire
two.2.4) Description of the procurement
The University is seeking to appoint External auditors who have in-depth knowledge and experience of the Higher Education (HE) Sector. The Contract will run for a period of 3 years commencing as soon as possible following contract award (c. July 2022). There will be an option for the University to extend the Contract by two further periods of 12 months until June 2027. The services to include:
•Provision of a statutory audit of the Group financial statements initially for year ending 31 July 2022, in accordance with applicable auditing standards.
•Produce Audit findings report for Senior Management, the Governing Body and the Office for Students (OfS).
•Identify process and control improvements and make recommendations to Senior Management.
•Audit and sign-off of the US Federal Loan Return in accordance with US Department of Education requirements.
•Audit and sign-off of the Teacher’s Pension Scheme (TPS) return in accordance with TPS requirements.
•Audit and sign-off of financial covenant calculations.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £500,000
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
36
This contract is subject to renewal
Yes
Description of renewals
2 x 12 month extensions available, in yearly increments.
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: Yes
Description of options
The Contract will run for a period of 3 years commencing as soon as possible following Contract award (c. July 2022). There will be an option for the University to extend the Contract by two further periods of 12 months in yearly increments.
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
two.2.14) Additional information
https://www.delta-esourcing.com/tenders/UK-UK-Lincoln:-Financial-auditing-services./554P9P2DK8
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
three.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
List and brief description of conditions
As stated in the procurement documents.
three.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
three.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
three.2) Conditions related to the contract
three.2.2) Contract performance conditions
In support of the University's strategic objectives to have employable and successful graduates, the successful Tenderer will be required to deliver the Careers and Employability Schedule included within the contract terms and conditions.
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Date
23 March 2022
Local time
11:00am
four.2.4) Languages in which tenders or requests to participate may be submitted
English
four.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 3 (from the date stated for receipt of tender)
four.2.7) Conditions for opening of tenders
Date
23 March 2022
Local time
11:00am
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: No
six.3) Additional information
For more information about this opportunity, please visit the Delta eSourcing portal at:
https://neupc.delta-esourcing.com/tenders/UK-UK-Lincoln:-Financial-auditing-services./554P9P2DK8
To respond to this opportunity, please click here:
https://neupc.delta-esourcing.com/respond/554P9P2DK8
GO Reference: GO-2022216-PRO-19661308
six.4) Procedures for review
six.4.1) Review body
University of Lincoln
Campus Way
Lincoln
LN6 7TS
Telephone
+44 1522886762
Country
United Kingdom
six.4.3) Review procedure
Precise information on deadline(s) for review procedures
The Contracting Authority will incorporate a minimum 10 calendar day standstill period following electronic notification (minimum of 15 calendar days for any other means of communication) to applicants of the award decision. This notification will provide the information that tenderers are legally entitled to regarding the award decision. The standstill period provides time for unsuccessful tenderers to challenge the award decision before the contract is entered into. The Public Contracts Regulations 2015 provide aggrieved parties who have been harmed or are at risk of harm by a breach of the rules to take action in the High Court (England, Wales andNorthern Ireland).