Section one: Contracting entity
one.1) Name and addresses
Southern Water Services Ltd.
Southern House
Worthing
BN13 3NX
Kirsty.Lodge@southernwater.co.uk
Telephone
+44 1903264444
Country
United Kingdom
NUTS code
UKJ - South East (England)
Internet address(es)
Main address
one.6) Main activity
Water
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Statutory & Regulatory Audit
Reference number
prj_2036
two.1.2) Main CPV code
- 79212300 - Statutory audit services
two.1.3) Type of contract
Services
two.1.4) Short description
Southern Water Services (SWS) under all Applicable Law relating to the financial reporting and audit of
company accounts, including the statutory audit of public interest entities (PIEs), SWS is seeking to
renew, for itself and on behalf of the Greensands Holdings Group (of which it is principal operating
company), its statutory audit services by competitive tender.
As part of this process, Southern Water Services SWS is also seeking to renew the audit of its regulatory
accounting statements within the annual performance report for each financial year, as required by its
Instrument of Appointment (Licence) granted by the Secretary of State for the Environment as a water and
sewerage undertaker under the Water Industry Act 1991 and as specified by the Water Services
Regulation Authority (Ofwat).
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: £6,000,000
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKJ - South East (England)
Main site or place of performance
Worthing
two.2.4) Description of the procurement
TThe audit Services conducted by the successful Auditor must be conducted in accordance with
International Standards on Auditing (UK and Ireland) issued from time to time by the Financial Reporting
Council.
The role of the external Auditor will be to report on the financial statements of SWS (or any corporate
member of the Greensands Holdings Group as applicable); to carry out the necessary assessments of the
statements and underlying records and control systems in order to reach a fair and unbiased opinion on
the statements.
Audits must be able to provide assurance that the financial statements are free from material
misstatement and give a true and fair view. The successful Auditor must obtain an understanding of the
accounting and the internal control systems in order to assess their adequacy as a basis for the
preparation of the financial statements and to form an opinion whether adequate accounting records
have been maintained by the relevant audited company.
In addition to the regulatory audit required by Ofwat, SWS is also seeking to renew additional assurance
on an “Agreed Upon Procedures” basis for other elements of its annual reporting, for example, but not
limited to sections of the Annual Performance Report not covered by the Ofwat requirements and the
viability statement
The auditor will carry out such investigations as to enable them to form an opinion as to:
(a) whether adequate accounting records have been kept by SWS and returns adequate for the audit
(b) whether SWS’s individual financial statements are in agreement with the accounting records and
returns.
(c) whether certain disclosures of directors’ remuneration specified by law have been made.
(d) whether they have obtained all the information and explanations which, to the best of their
knowledge and belief, are necessary for the purpose of our audit; and
The Auditor should provide a management report to SWS which highlights any potential issues, or risks
within the audit that was conducted. The Auditor should provide reports on the financial statements of
SWS income and expenditure, recognised gains and losses and statement of cash flow for the year. They
should take into account relevant statutory and other mandatory disclosure and accounting requirements
and funding body requirements.
The audit services conducted by the successful Auditor must be conducted in accordance with
International Standards on Auditing (UK and Ireland) issued from time to time by the Financial Reporting
Council, relevant ethical standards and applicable law.
two.2.5) Award criteria
Quality criterion - Name: Technical, Audit Service Proposal and Quality assurance Competence & Capability of the team / 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
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.2.1) Previous publication concerning this procedure
Notice number: 2021/S 000-000621
Section five. Award of contract
Contract No
1
Lot No
1
Title
Statutory and Regulatory Audit
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
31 March 2021
five.2.2) Information about tenders
Number of tenders received: 1
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Deloitte LLP
1New Street Square
London
EC4A 3HQ
Country
United Kingdom
NUTS code
- UK - United Kingdom
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: £6,000,000
Total value of the contract/lot: £6,000,000
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
Southern Water
Southern House
Worthing
BN13 3NX
Kirsty.Lodge@southernwater.co.uk
Country
United Kingdom