Contract

External Audit Services

  • University of Hertfordshire Education Corporation

F03: Contract award notice

Notice identifier: 2024/S 000-004877

Procurement identifier (OCID): ocds-h6vhtk-040f1d

Published 14 February 2024, 9:25am



Section one: Contracting authority

one.1) Name and addresses

University of Hertfordshire Education Corporation

MacLaurin Building, 4 Bishops Square

Hatfield

AL10 8NE

Contact

Procurement Professional Services

Email

categorymanagers@herts.ac.uk

Country

United Kingdom

NUTS code

UKH23 - Hertfordshire

Internet address(es)

Main address

https://www.herts.ac.uk/

Buyer's address

https://www.in-tendhost.co.uk/universityofhertfordshire/aspx/Home

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

External Audit Services

Reference number

23012

two.1.2) Main CPV code

  • 79212000 - Auditing services

two.1.3) Type of contract

Services

two.1.4) Short description

The University is seeking a Contractor of external audit services who can offer a distinctive, innovative, proactive and professional approach to external audit, and one that meets all the external audit requirements of the Office for Students, Research England, the Education and Skills Funding Agency, Department for Education, Companies Acts and other relevant legislation, regulation and the UK Financial Reporting Framework. It is envisaged that the audit will comprise of an interim audit and a final audit. The Contractor will need to ensure that the service they provide meets all the requirements of the Office for Students regulatory framework. They will need to take account of any changing requirements providing assurance to the Audit and Risk Committee and the Board of Governors on the University’s corporate governance and risk management arrangements.

two.1.6) Information about lots

This contract is divided into lots: No

two.1.7) Total value of the procurement (excluding VAT)

Value excluding VAT: £1,040,000

two.2) Description

two.2.2) Additional CPV code(s)

  • 79212000 - Auditing services
  • 79212100 - Financial auditing services

two.2.3) Place of performance

NUTS codes
  • UKH23 - Hertfordshire
Main site or place of performance

University of Hertfordshire

two.2.4) Description of the procurement

The University is seeking a Contractor of external audit services who can offer a distinctive, innovative, proactive and professional approach to external audit, and one that meets all the external audit requirements of the Office for Students, Research England, the Education and Skills Funding Agency, Department for Education, Companies Acts and other relevant legislation, regulation and the UK Financial Reporting Framework. It is envisaged that the audit will comprise of an interim audit and a final audit.The Contractor will need to ensure that the service they provide meets all the requirements of the Office for Students regulatory framework. They will need to take account of any changing requirements providing assurance to the Audit and Risk Committee and the Board of Governors on the University’s corporate governance and risk management arrangements and respond positively to any further developments in this area. A proactive approach to providing information and support to the University is required.This contract is for a five year period with an option to extend by an additional year.All other information as per the invitation to tender documents.

two.2.5) Award criteria

Quality criterion - Name: Service Provision / Weighting: 60

Price - Weighting: 40

two.2.11) Information about options

Options: No

two.2.13) Information about European Union Funds

The procurement is related to a project and/or programme financed by European Union funds: No


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: No

four.2) Administrative information

four.2.1) Previous publication concerning this procedure

Notice number: 2023/S 000-031564


Section five. Award of contract

Contract No

1

Title

External Audit Services

A contract/lot is awarded: Yes

five.2) Award of contract

five.2.1) Date of conclusion of the contract

14 February 2024

five.2.2) Information about tenders

Number of tenders received: 1

Number of tenders received from SMEs: 0

Number of tenders received from tenderers from other EU Member States: 0

Number of tenders received from tenderers from non-EU Member States: 0

Number of tenders received by electronic means: 1

The contract has been awarded to a group of economic operators: No

five.2.3) Name and address of the contractor

Buzzacott LLP

130 Wood Street

London

EC2V 6DL

Country

United Kingdom

NUTS code
  • UKI - London
The contractor is an SME

No

five.2.4) Information on value of contract/lot (excluding VAT)

Initial estimated total value of the contract/lot: £1,487,610

Total value of the contract/lot: £1,487,610


Section six. Complementary information

six.4) Procedures for review

six.4.1) Review body

Crown Commercial Services

Liverpool

Country

United Kingdom