Scope
Description
The main purpose of the tender is to appoint an external auditor to determine if the annual financial statements for each year of the contract give a true and fair view of the state of affairs of Greatwell Homes at the reporting date and for the year under review taking into account the requirements of (or any update or replacement to):
•The latest Housing SORP - The Statement of Recommended Practice for social housing providers;
•The Accounting Direction for Private Registered Providers of Social Housing in England 2022;
•The Housing Act 1996 and the Housing and Regeneration Act 2008; and
•UK Generally Accepted Accounting Practice FRS 102
And any other applicable legislation or accepted accounting practice and in line with auditing standards.
For more information about this opportunity, please visit the Delta eSourcing portal at:
https://www.delta-esourcing.com/tenders/UK-UK-Wellingborough:-Statutory-audit-services./YKHYCB9KCS
To respond to this opportunity, please click here:
Total value (estimated)
- £504,000 including VAT
Above the relevant threshold
Contract dates (estimated)
- 8 June 2026 to 7 June 2031
- Possible extension to 7 June 2033
- 7 years
Description of possible extension:
The contract will include the option for two 1 year extensions at the end of the 5 year term.
Main procurement category
Services
CPV classifications
- 79212300 - Statutory audit services
Contract locations
- UKF25 - North Northamptonshire
Participation
Legal and financial capacity conditions of participation
As required by our Rules and the Co-operative and Community Benefit Societies Act you must be a person eligible for appointment as a statutory auditor under Part 42 of the Companies Act 2006. You must not be:
an Officer or employee of Greatwell Homes; or
a person employed by or employer of, or the partner of, an Officer or employee of Greatwell Homes
You must be on the Register of Statutory Auditors and have in place at the start and for the duration of the contract professional indemnity insurance to meet the minimum required by your Recognised Supervisory Body (RSB).
Financial capacity will be assessed using an Experian Company Credit check where a low risk score or sign-off by an Executive Director is required.
Technical ability conditions of participation
You must have an understanding of the social housing sector and experience of auditing the financial statements of a Registered Provider registered with the Regulator of Social Housing for England and Wales.
Particular suitability
Small and medium-sized enterprises (SME)
Submission
Enquiry deadline
6 March 2026, 5:00pm
Submission type
Tenders
Tender submission deadline
2 April 2026, 5:00pm
Submission address and any special instructions
Tenders may be submitted electronically
Yes
Languages that may be used for submission
English
Award decision date (estimated)
21 May 2026
Award criteria
| Name | Type | Weighting |
|---|---|---|
| Pricing | Price | 40% |
| Audit Qualifications & Experience | Quality | 35% |
| Audit Approach | Quality | 15% |
| Value Added including Social Value Added | Quality | 10% |
Other information
Payment terms
All invoices must include a valid purchase order number.
Description of risks to contract performance
There is no flexibility on timeframes for the filing of the final signed financial statements with associated bodies each year. This risk can be managed by adherence to the annual audit timetable as agreed between Greatwell Homes and the Auditor.
There is a risk that changes to recommended practice and audit directives are not incorporated into the financial statements. There is a reliance on the appointed Auditor to support Greatwell Homes to manage this risk.
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Competitive flexible procedure
Competitive flexible procedure description
1. Preliminary Market Engagement Notice Published 22 October 2025
2. Tender Notice Published and Invitations to Tender and Tender Documents Issued
3. Opportunity for Bidders Clarification Meeting and to submit clarification questions
4. Tender Evaluation and Shortlist (assessment summaries issued to those not on the shortlist)
5. Shortlist invited to meet with Evaluation Panel
6. Selection of Most Advantageous Tender (MAT) and internal approvals
7. Preferred supplier notified and assessment summaries issued to unsuccessful shortlist
8. Publish Tender Award Notice & commence 8-day standstill period
9. Publish Tender Details Notice & Contract Start Date
Contracting authority
Greatwell Homes Limited
- Public Procurement Organisation Number: PCVZ-4413-LTNJ
Unit 7, Midland Business Units, Finedon Road
Wellingborough
NN8 4AD
United Kingdom
Region: UKF25 - North Northamptonshire
Organisation type: Public authority - sub-central government