Section one: Contracting entity
one.1) Name and addresses
SOUTH EAST WATER LIMITED
Rocfort Road
SNODLAND
ME65AH
Contact
Mike Moores
michael.moores@southeastwater.co.uk
Telephone
+44 1634873020
Country
United Kingdom
NUTS code
UKJ - South East (England)
Internet address(es)
Main address
https://www.southeastwater.co.uk
one.3) Communication
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted to the above-mentioned address
one.6) Main activity
Water
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Financial Audit Services
Reference number
SEW2095
two.1.2) Main CPV code
- 79212300 - Statutory audit services
two.1.3) Type of contract
Services
two.1.4) Short description
South East Water is seeking expressions of interest in its forthcoming tender exercise from suitably experienced and qualified audit firms for the provision of independent external financial auditor services, with an initial contract of 5 years and the option to extend up to a further 3 years starting August 2021.
The aim of this tender is to appoint an external audit firm to provide an independent audit opinion on the individual and consolidated financial
statements of the HDF group of companies. The group comprises 11 companies, including the UK parent company, two trading companies and
two overseas registered companies used to raise finance for other group companies.
The appointment of the new auditor to the group must be in compliance with the independence requirements of UK law and the Ethical Standards published by the Financial Reporting Council. The appointment must also be in line with the requirements of the group's senior loan documentation covenants, which prescribe that the auditor must be a firm of "international standing".
As well as the independent audit of the financial statements, this tender also includes the audit of appointed water company regulatory accounts in accordance with ISAs (UK), applicable law and ICAEW guidance on "Reporting to Regulators on Regulated Accounts". The regulated accounts for SEW comply with Ofwat's Regulated Accounting Guidelines (RAGs).
Please confirm your expression of interest and request the pre-qualification questionnaire by emailing sewprocurement@southeastwater.co.uk
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKJ - South East (England)
Main site or place of performance
South East Water Limited, Rocfort Road, Snodland, Kent ME6 5AH
two.2.4) Description of the procurement
The provision of external independent financial audit services
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
96
This contract is subject to renewal
Yes
Description of renewals
Initial contract period of 5 years with the option to extend up to a further 3 years. Maximum period of 8 years.
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
The appointment of the new auditor must be in compliance with the independence requirements of UK law and the Ethical Standards published by the Financial Reporting Council. The appointment must also be in line with the requirements of the group's senior loan documentation covenants, which prescribe that the auditor must be a firm of "international standing".
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Negotiated procedure with prior call for competition
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.2.2) Time limit for the receipt of applications for an invitation to tender or to negotiate
Date
10 May 2021
Local time
12:00pm
four.2.4) Languages in which tenders or requests to participate may be submitted
English
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
South East Water Limited
Snodland
Country
United Kingdom