Find a TenderAwarded

Published 17 Sept 2021, 14:15 BST

Official UK procurement notice

Internal Audit Services · Grant Thornton UK LLP for Financial Services Compensation Scheme (Sept 2021)

Official notice

Authority: Financial Services Compensation Scheme (Public body)

ServicesRestricted procedure

Sectors: Business Services & Consultancy (79) Delivery: London (UKI)

Published estimate£1,200,000exc. VAT · 1 value update

Submissions closed 7 Dec 2021awarded 12 Jul 2022

Awarded to Grant Thornton UK LLP

What is being bought

Published requirement description

The Scheme wishes to competitively tender for an internal audit partner reporting into the Audit Committee. This will include internal audit services, input into the annual internal audit plan, development of internal audit strategy and / or methodologies, advice, benchmarking and external good practice on governance, risk management and internal control, benchmarking and quality assurance of internal audit performance, specialist internal audit assurance and advisory service e.g. IT audit. The partner will use its own internal audit methodology, its own quality assurance process and will produce reports and working papers under its own branding.

Recurrence: 4

CPV: Internal audit services

The lotProcurement structure

single lot · value published

Lot #1AwardedRenewalPublished value£1,200,000

Delivery: London · LONDON

Extensions: There will be an option for FSCS to extend the contract on up to 2 occasions for a maximum duration of 12 months on each of those occasions, therefore making the Effective Service Term a potential total term of four (4) years.Variant bids: not allowed

79212200 Internal audit services

What it takes to win
i
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 more

How bids were scored

Quality: 80%Price: 20%

Published award criteria (2)

Quality: 80
Price: 20

Conditions of participation1

Suitability
Evidence of membership to one or more relevant professional bodies

What this means for your bid

Price carries 20 of 100 points: a 10% discount moves about 2 points. 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 · publisher note attached

Procedure method: Restricted procedure
Legal basis: CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
Procurement category: Services
Notice status: Awarded
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: Yes · 4
First published: 17 Sept 2021, 14:15 BST
Last source update: 25 Jul 2022, 19:05 BST
Authority reference: FSCS416
FTS notice number: 2022/S 000-020224
Classification (CPV): Internal audit services
Delivery area: London (UKI)
Official registry OCID: ocds-h6vhtk-02e215 Find a Tender

Contract terms

Electronic trading: e-invoicing allowed · electronic ordering · electronic payment

Publisher note: To view this notice, please click here: https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=708460308 GO Reference: GO-2022725-PRO-20670534

How it was run

Official notice

Submission deadline: 7 Dec 2021, 14:00 GMT
Submission channel: {"written"}
Accepted languages: en
Bid validity: 180 days from the deadline

Timeline

22 Oct 2021 → 25 Jul 2022 · 4 dates

Next notice expected
22 Oct 2021, 00:00 BST
Submission deadline
7 Dec 2021, 14:00 GMT
Invitations to tender expected
10 Jan 2022
Notice published
25 Jul 2022, 19:05 BST

Notice history

5 events · 3 releases on Find a Tender · since 4 Nov 2021

Published value published: £1,200,000
4 Nov 2021, 18:15 GMT
Status changed to active
4 Nov 2021, 18:15 GMT
Procurement method changed
4 Nov 2021, 18:15 GMT
Deadline published: 7 Dec 2021, 14:00 GMT
4 Nov 2021, 18:15 GMT
Status changed to complete
25 Jul 2022, 19:05 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value £1,200,0001 contract exc. VAT

Bids received 1

Contracts signed 1latest 12 Jul 2022

Awarded to	Value	Date	Status
Grant Thornton UK LLP	£1,200,000 †	—	Awarded

Contracts

Contract 020224-2022-1-1 · Grant Thornton UK LLP
Signed
12 Jul 2022
Value
£1,200,000
Status
active

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
1bids · 1 electronic	0	—	—

Contracting authority & participating public bodies

Financial Services Compensation Scheme

Contracting authorityPublic bodyBody governed by public lawEconomic affairs Beaufort House, 15 St. Botolph Street, London, London, EC3A 7QUContact name, email, phone Published organisation website ↗

Dispute resolution & review bodies

The Royal Court of JusticeReview body LondonContact email, phone

Bidders & participating suppliers

1 commercial party on the notice

Grant Thornton (UK) LimitedAwarded supplierOC307742 30 Finsbury Square, 30 Finsbury Square, London, London, EC2A 1AG

Official documents & specifications (2)

Official links; attachments are not copied

Tender pack and attachments

Economic and financial selection criteriatenderEconomic and financial selection criteria
Technical selection criteriatenderTechnical selection criteria