Tender

Audit Substantive Testing Data Automation Tool

  • National Audit Office

F02: Contract notice

Notice identifier: 2024/S 000-023191

Procurement identifier (OCID): ocds-h6vhtk-048481

Published 25 July 2024, 12:05pm



Section one: Contracting authority

one.1) Name and addresses

National Audit Office

157-197 Buckingham Palace Road

Victoria

SW1W 9SP

Email

NAO.Procurement@nao.org.uk

Telephone

+44 2077987372

Country

United Kingdom

Region code

UK - United Kingdom

Internet address(es)

Main address

https://www.delta-esourcing.com/

one.3) Communication

The procurement documents are available for unrestricted and full direct access, free of charge, at

https://www.delta-esourcing.com/tenders/UK-UK-Victoria:-Financial-auditing-services./9679NVEF47

Additional information can be obtained from the above-mentioned address

Tenders or requests to participate must be submitted electronically via

https://www.delta-esourcing.com

Tenders or requests to participate must be submitted to the above-mentioned address

one.4) Type of the contracting authority

Body governed by public law

one.5) Main activity

General public services


Section two: Object

two.1) Scope of the procurement

two.1.1) Title

Audit Substantive Testing Data Automation Tool

Reference number

CPT_23_65

two.1.2) Main CPV code

  • 79212100 - Financial auditing services

two.1.3) Type of contract

Services

two.1.4) Short description

The National Audit Office (NAO) requires an off the shelf software solution to assist with automating our audit testing and documentation process, covering two use-cases within financial audit:

1.Substantive testing - Test of detail/Test of control automation

Auditors spend a significant amount of time and manual effort conducting tests of detail (ToD) and tests of controls, comparing documents (such as invoices) to samples from the general ledger or other structured records for consistency. We are interested in document automation software to parse images/pdfs of audit evidence and automatically match to tabular data and output this in a manner which is easy to follow and document for the purposes of our audit testing within an excel document.

2.Financial Statement procedures

Auditors are required to check the financial statements. Ensuring that (for example) the sums within the statements are internally consistent/correct. Similar to the use case above we are looking for document automation software that can automate some of this by extracting 'sums' from the document and automatically reconciling them, as well as some other processes detailed in the procurement documents.

The software needs to be ready for use by 1 October 2024. The estimated total value in this notice excludes VAT and is for the duration of the maximum contract term (1+1+1).

two.1.5) Estimated total value

Value excluding VAT: £690,000

two.1.6) Information about lots

This contract is divided into lots: No

two.2) Description

two.2.2) Additional CPV code(s)

  • 48000000 - Software package and information systems
  • 79212000 - Auditing services
  • 79212100 - Financial auditing services
  • 79200000 - Accounting, auditing and fiscal services

two.2.3) Place of performance

NUTS codes
  • UK - United Kingdom
Main site or place of performance

UNITED KINGDOM

two.2.4) Description of the procurement

The initial contract term will be a period of 1 year, with the NAO having the option to extend the contract period by two further periods of 12 months, with a maximum term of 3 years. Please refer to the invitation to tender documentation for further information. The estimated contract value in this notice is for the duration of the maximum term.

two.2.5) Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents

two.2.6) Estimated value

Value excluding VAT: £690,000

two.2.7) Duration of the contract, framework agreement or dynamic purchasing system

Duration in months

36

This contract is subject to renewal

No

two.2.10) Information about variants

Variants will be accepted: No

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

two.2.14) Additional information

To respond to this opportunity please click here: https://www.delta-esourcing.com/respond/9679NVEF47


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: 2024/S 000-000000

four.2.2) Time limit for receipt of tenders or requests to participate

Date

28 August 2024

Local time

11:00am

four.2.4) Languages in which tenders or requests to participate may be submitted

English

four.2.6) Minimum time frame during which the tenderer must maintain the tender

Duration in months: 3 (from the date stated for receipt of tender)

four.2.7) Conditions for opening of tenders

Date

28 August 2024

Local time

11:00am


Section six. Complementary information

six.1) Information about recurrence

This is a recurrent procurement: No

six.3) Additional information

The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.

For more information about this opportunity, please visit the Delta eSourcing portal at:

https://www.delta-esourcing.com/tenders/UK-UK-Victoria:-Financial-auditing-services./9679NVEF47

To respond to this opportunity, please click here:

https://www.delta-esourcing.com/respond/9679NVEF47

GO Reference: GO-2024725-PRO-27000162

six.4) Procedures for review

six.4.1) Review body

National Audit Office

157-197 Buckingham Palace Road

Victoria

SW1W 9SP

Telephone

+44 02077987372

Country

United Kingdom