Scope
Reference
BU552024
Description
The University wishes to appoint a firm to audit the University's annual financial statements in accordance with the Statement of Recommended Practice Accounting for Further and Higher Education (SORP), applicable Accounting Standards, Higher Education Funding Council for Wales' (MEDR) Memorandum of Assurance and Accountability, MEDR Accounts Direction and any applicable conditions that MEDR may from to time to time prescribe
Contract 1. External Audit Services
Supplier
Contract value
- £862,500 excluding VAT
- £1,035,000 including VAT
Above the relevant threshold
Award decision date
23 May 2025
Date assessment summaries were sent to tenderers
3 June 2025
Standstill period
- End: 12 June 2025
- 8 working days
Earliest date the contract will be signed
13 June 2025
Contract dates (estimated)
- 16 June 2025 to 15 June 2028
- Possible extension to 15 June 2030
- 5 years
Description of possible extension:
The Contract may be extended beyond the Initial Term on a maximum of 2 (two) occasions, for a period of up to 1 (one) year on each occasion
Main procurement category
Services
CPV classifications
- 79212000 - Auditing services
Contract locations
- UKL12 - Gwynedd
Information about tenders
- 4 tenders received
- 4 tenders assessed in the final stage:
- 0 submitted by small and medium-sized enterprises (SME)
- 0 submitted by voluntary, community and social enterprises (VCSE)
- 1 supplier awarded contracts
- 3 suppliers unsuccessful (details included for contracts over £5 million)
Procedure
Procedure type
Open procedure
Supplier
HaysMac LLP
- Public Procurement Organisation Number: PPYL-6311-CVRN
10 Queen Street Place
London
EC4R 1AG
United Kingdom
Email: tenders@haysmac.com
Region: UKI31 - Camden and City of London
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1. External Audit Services
Contracting authority
Prifysgol Bangor / Bangor University
- Public Procurement Organisation Number: PTPM-4795-PZBG
Finance Office
Bangor
LL57 2TR
United Kingdom
Email: procurement@bangor.ac.uk
Website: http://www.bangor.ac.uk
Region: UKL12 - Gwynedd
Organisation type: Public authority - sub-central government
Devolved regulations that apply: Wales