Official UK procurement notice
Flood Re - Statutory Audit Services
Authority: FLOOD RE LIMITED (Central government)
What is being bought
Published requirement descriptionFlood Re intends to reprodure statutory audit services with effect from the financial year ended 31 March 2026 (starting 1 April 2025), with the expectation that the handover from the incumbent external auditors, if required, would coincide with the completion of activities for the financial year ended 31 March 2025.
CPV: Internal audit services
The lotProcurement structure
single lot · no lot value publishedLot #1Renewal
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (6)
- Audit Quality: 50%
- Corporate / cultural fit: 7%
- Industry expertise: 15%
- Public sector audit experience: 13%
- price: 10%
- Environmental and Social Governance: 5%
Published award criteria (6)
- Audit Quality: 50%
- Corporate / cultural fit: 7%
- Industry expertise: 15%
- Public sector audit experience: 13%
- Environmental and Social Governance: 5%
- Price: 10%
- Price carries 10 of 100 points: a 10% discount moves about 1 point. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Closed
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 25 Oct 2024, 09:02 BST
- Last source update
- 25 Oct 2024, 09:02 BST
- Award evaluation window
- 25 Nov 2024 – …
- FTS notice number
2024/S 000-034594- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-04b138Find a Tender
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
How it was run
Official notice- Submission deadline
- 25 Nov 2024, 13:59 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bids opened
- 25 Nov 2024, 14:00 GMT
Timeline
25 Oct 2024 → 25 Nov 2024 · 3 dates- Notice published25 Oct 2024, 09:02 BST
- Submission deadline25 Nov 2024, 13:59 GMT
- Bids opened25 Nov 2024, 14:00 GMT
Contracting authority & participating public bodies
Dispute resolution & review bodies
- Public Procurement Review ServiceReview body
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.