Scope
Reference
2081_Falmouth
Description
Internal Audit is an independent appraisal function within the University providing a service to management and is responsible to the Board of Governors and Audit & Risk Committee. The key role of internal audit is to provide assurance to the Governing Body as to the adequacy of the systems of internal control (including those arrangements for achieving economy, efficiency and effectiveness). The Audit & Risk Committee is responsible for reporting annually to the Board of Governors about the adequacy of the systems of internal control in place across the University. To help it arriving at an opinion on this it may rely on an internal audit service, who will report to it. For day-to-day issues, the Audit & Risk Committee delegates the co-ordination, direction and control of the audit to the Executive Director of Finance, Audit & Risk. The Internal Auditors appointed will have direct access as necessary, to the Executive Director of Finance, Audit & Risk, the Vice Chancellor and to the Chair of the Audit & Risk Committee. The scope of internal audit work extends to all of the University's activities. For each meeting of the Audit & Risk Committee (normally 3 per year) reports detailing the results of internal audit reviews undertaken must be presented. These need to be finalised and received by the University two weeks in advance of each meeting of the Audit & Risk Committee. In addition an annual report will be required summarising the work undertaken and providing an opinion to the Audit & Risk Committee as to the adequacy of the overall system of internal control. The successful firm may be asked to carry out special internal audit reviews requested by the Corporation, Audit & Risk Committee, Vice Chancellor or the Executive Director of Finance, Audit & Risk, providing such reviews do not compromise their objectivity or independence.
Total value (estimated)
- £90,000 excluding VAT
- £108,000 including VAT
Below the relevant threshold
Contract dates (estimated)
- 21 July 2025 to 22 July 2028
- Possible extension to 24 July 2029
- 4 years, 4 days
Description of possible extension:
24 month extension option at the end of the first 36 months
Main procurement category
Services
Additional procurement category
Goods
CPV classifications
- 79212200 - Internal audit services
Contract locations
- UK - United Kingdom
Participation
This procurement is reserved for
- Suppliers from Devon
- Small and medium-sized enterprises (SMEs) and voluntary, community and social enterprises (VCSEs)
Conditions of participation
PSQ Document
Particular suitability
- Small and medium-sized enterprises (SME)
- Voluntary, community and social enterprises (VCSE)
Submission
Enquiry deadline
23 May 2025, 12:00pm
Tender submission deadline
2 June 2025, 12:00pm
Submission address and any special instructions
Tenders may be submitted electronically
Yes
Procedure
Procedure type
Below threshold - open competition
Special regime
Concession
Contracting authority
Falmouth Exeter Plus
- Public Procurement Organisation Number: PNXJ-7598-ZCMM
Penryn Campus
Penryn, Cornwall
TR10 9FE
United Kingdom
Contact name: Chris Jones
Telephone: +44 1326253504
Email: c.jones@fxplus.ac.uk
Website: https://fxplus.ac.uk/
Region: UKK30 - Cornwall and Isles of Scilly
Organisation type: Public undertaking (commercial organisation subject to public authority oversight)