Scope
Reference
LSHTM-2025-017
Description
We are looking to appoint a supplier to provide External Audit Services in accordance with the Companies Act and relevant professional standards. We are seeking to put in place a new contract for a maximum of five years, commencing in January 2026. The scope of service includes audit of the school's financial statements and the subsidiary company financial statements, together known as 'the Group'. There are three subsidiary companies, of which two require an audit (Chariot Innovations Limited and Sustainable Climate Impact Fund Limited). The third subsidiary is a non-trading Ugandan entity which is consolidated but does not require separate financial statements.
Total value (estimated)
- £700,000 excluding VAT
- £840,000 including VAT
Above the relevant threshold
Contract dates (estimated)
- 12 January 2026 to 12 January 2029
- Possible extension to 12 January 2031
- 5 years, 1 day
Description of possible extension:
Initial contract term is 3 years with optional extension of 2 periods of 12 months each (3+1+1)
Main procurement category
Services
CPV classifications
- 79212100 - Financial auditing services
- 79212300 - Statutory audit services
Contract locations
- UKI - London
Participation
Particular suitability
Small and medium-sized enterprises (SME)
Submission
Enquiry deadline
24 September 2025, 5:00pm
Submission type
Tenders
Tender submission deadline
23 October 2025, 4:00pm
Submission address and any special instructions
Tenders may be submitted electronically
Yes
Languages that may be used for submission
English
Award decision date (estimated)
25 November 2025
Award criteria
| Name | Description | Type |
|---|---|---|
| Quality | 60% |
Quality |
| Price | 40% |
Price |
Weighting description
Bids will be assessed against a 60% quality and 40% price with the quality criteria split into the sub criteria.
Other information
Applicable trade agreements
- Government Procurement Agreement (GPA)
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Competitive flexible procedure
Competitive flexible procedure description
An initial assessment of tenders will be carried out as the first step and the top 3 highest scoring bidders will be taken forward and invited for interviews/presentation as the second and final stage.
Contracting authority
London School of Hygiene & Tropical Medicine
- Public Procurement Organisation Number: PHBN-2917-QXQQ
Keppel Street,
London
WC1E 7HT
United Kingdom
Contact name: Imoudu Idornigie
Telephone: +44 2079588328
Email: Imoudu.Idornigie@lshtm.ac.uk
Website: http://www.lshtm.ac.uk
Region: UKI31 - Camden and City of London
Organisation type: Public authority - sub-central government