Official UK procurement notice
Statutory Audit Services · UK public procurement notice
Authority: FLOOD RE LIMITED (Central government)
What is being bought
Published requirement descriptionFlood Re seeks to re-procure its external statutory audit services in accordance with its commitment to stakeholders
The objective of the statutory audit is to express an opinion, as to whether the financial statements of Flood Re present fairly, in all material respects, the financial position, results of operations and changes in cash flow in accordance with applicable accounting standards. The external auditor will be required to auditor Flood Re's financial statements primarily based on IFRS 17, but will also be required to audit the IFRS 4 equivalent due to Flood Re's public accounting obligations.
CPV: Actuarial services · Compilation of financial statements services · Financial management consultancy services · Financial systems software development services
The lotProcurement structure
single lot · no lot value publishedLot #1Flood Re seeks to re-procure its external statutory audit services in accordance with…Renewal
Flood Re seeks to re-procure its external statutory audit services in accordance with its commitment to stakeholders.
The objective of the statutory audit is to express an opinion, as to whether the financial statements of Flood Re present fairly, in all material respects, the financial position, results of operations and changes in cash flow in accordance with applicable accounting standards. The external auditor will be required to auditor Flood Re's financial statements primarily based on IFRS 17, but will also be required to audit the IFRS 4 equivalent due to Flood Re's public accounting obligations.
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 (5)
- Audit Quality: 50%
- Corporate / Cultural fit: 10%
- Industry expertise: 15%
- Public sector audit experience: 15%
- price: 10%
Published award criteria (5)
- Audit Quality: 50%
- Corporate / Cultural fit: 10%
- Industry expertise: 15%
- Public sector audit experience: 15%
- 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 · publisher note attached- 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
- 13 Oct 2022, 14:04 BST
- Last source update
- 13 Oct 2022, 14:04 BST
- Award evaluation window
- 9 Jan 2023 – …
- FTS notice number
2022/S 000-028843- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-037574Find a Tender
Publisher note: (MT Ref:227632)
How it was run
Official notice- Submission deadline
- 9 Jan 2023, 14:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bids opened
- 9 Jan 2023, 14:00 GMT
Timeline
13 Oct 2022 → 9 Jan 2023 · 3 dates- Notice published13 Oct 2022, 14:04 BST
- Submission deadline9 Jan 2023, 14:00 GMT
- Bids opened9 Jan 2023, 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.