Section one: Contracting authority
one.1) Name and addresses
University of Hertfordshire Education Corporation
MacLaurin Building, 4 Bishops Square
Hatfield
AL10 8NE
Contact
Procurement Professional Services
Country
United Kingdom
NUTS code
UKH23 - Hertfordshire
Internet address(es)
Main address
Buyer's address
https://www.in-tendhost.co.uk/universityofhertfordshire/aspx/Home
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://www.in-tendhost.co.uk/universityofhertfordshire/aspx/Home
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
https://www.in-tendhost.co.uk/universityofhertfordshire/aspx/Home
Tenders or requests to participate must be submitted to the above-mentioned address
Electronic communication requires the use of tools and devices that are not generally available. Unrestricted and full direct access to these tools and devices is possible, free of charge, at
https://www.in-tendhost.co.uk/universityofhertfordshire/aspx/Home
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Education
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
External Audit Services
Reference number
23012
two.1.2) Main CPV code
- 79212000 - Auditing services
two.1.3) Type of contract
Services
two.1.4) Short description
The University is seeking a Contractor of external audit services who can offer a distinctive, innovative, proactive and professional approach to external audit, and one that meets all the external audit requirements of the Office for Students, Research England, the Education and Skills Funding Agency, Department for Education, Companies Acts and other relevant legislation, regulation and the UK Financial Reporting Framework. It is envisaged that the audit will comprise of an interim audit and a final audit. The Contractor will need to ensure that the service they provide meets all the requirements of the Office for Students regulatory framework. They will need to take account of any changing requirements providing assurance to the Audit and Risk Committee and the Board of Governors on the University’s corporate governance and risk management arrangements.
two.1.5) Estimated total value
Value excluding VAT: £1,040,000
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.2) Additional CPV code(s)
- 79212000 - Auditing services
- 79212100 - Financial auditing services
two.2.3) Place of performance
NUTS codes
- UKH23 - Hertfordshire
Main site or place of performance
University of Hertfordshire
two.2.4) Description of the procurement
The University is seeking a Contractor of external audit services who can offer a distinctive, innovative, proactive and professional approach to external audit, and one that meets all the external audit requirements of the Office for Students, Research England, the Education and Skills Funding Agency, Department for Education, Companies Acts and other relevant legislation, regulation and the UK Financial Reporting Framework. It is envisaged that the audit will comprise of an interim audit and a final audit.The Contractor will need to ensure that the service they provide meets all the requirements of the Office for Students regulatory framework. They will need to take account of any changing requirements providing assurance to the Audit and Risk Committee and the Board of Governors on the University’s corporate governance and risk management arrangements and respond positively to any further developments in this area. A proactive approach to providing information and support to the University is required.This contract is for a five year period with an option to extend by an additional year.All other information as per the invitation to tender documents.
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: £1,040,000
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
72
This contract is subject to renewal
Yes
Description of renewals
The contract duration is a minimum of five years with the option to extend by an additional year with agreement by both parties in writing.
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
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
three.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
List and brief description of conditions
Knowledge of External Audit Standards:- International Standards on Auditing (ISA).- The Financial Reporting Council (FRC).- Company Law and relevant Statements of Recommended Practice (SORP).- Guidance issued by the ICAEW.
three.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
three.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
three.2) Conditions related to the contract
three.2.1) Information about a particular profession
Execution of the service is reserved to a particular profession
three.2.2) Contract performance conditions
As per the invitation to tender documents
three.2.3) Information about staff responsible for the performance of the contract
Obligation to indicate the names and professional qualifications of the staff assigned to performing the contract
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.2.2) Time limit for receipt of tenders or requests to participate
Date
8 December 2023
Local time
12:00pm
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
Tender must be valid until: 31 March 2024
four.2.7) Conditions for opening of tenders
Date
8 December 2023
Local time
12:00pm
Place
Electronic tender opening process
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: No
six.4) Procedures for review
six.4.1) Review body
Crown Commercial Services
Liverpool
Country
United Kingdom