Published date: 17 July 2019
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
Contract summary
Industry
Internal audit services - 79212200
Location of contract
East Midlands
Value of contract
£50,000 to £100,000
Procurement reference
BIP412377311
Published date
17 July 2019
Closing date
13 August 2019
Contract start date
1 April 2020
Contract end date
31 March 2023
Contract type
Service contract
Procedure type
Open procedure
Any interested supplier may submit a tender in response to an opportunity notice.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
Contract Description and Scope
The scope of work of the internal audit service is to determine whether the organisation's network of risk management, control and governance processes, as designed and represented by management, is adequate and functioning in a manner that ensures that: risks are appropriately identified and managed; interaction with the various governance groups occurs as needed; significant financial, managerial, and operating information is accurate, reliable, and timely; employees' actions comply with policies, standards, procedures, and applicable laws and regulations; resources are acquired economically, used efficiently, and adequately projected; programmes, plans and objectives are achieved; quality and continuous improvement are fostered in the organisation's control process; significant legislative or regulatory issues affecting the organisation are recognised and addressed appropriately; opportunities for improving management control, profitability and the organisation's image, which are identified during audits, are communicated to the appropriate level of management.
The Key Aims, Objectives and Outcomes
The key aims, objectives and required outcomes of this proposed contract are to: Increase services and efficiencies and improvements; improve Customer Satisfaction; achieve Value for Money; develop a flexible annual plan using an appropriate risk-based methodology, including any risks or control concerns identified by management, and submit that plan to the Audit Committee for review and approval as well as periodic updates; implement the annual audit plan, as approved, including as appropriate any special tasks or projects requested by management and the Audit Committee; maintain professional audit staff with sufficient knowledge, skills, experience, and professional certifications to meet the requirements of this engagement letter; issue periodic reports to Audit Committee informed by the best practice in internal auditing; help in the investigation of significant suspected fraudulent activities in the organisation and notify management and the Audit Committee of the results; consider the scope of work of the external auditors and regulators, as appropriate, for the purpose of providing optimal internal audit coverage to the organisation at a reasonable overall cost.
For your information our current internal audit setup comprises: Provide an annual assessment on the adequacy and effectiveness of Greatwell Homes' processes for controlling its activities and managing its risks; report on each internal audit carried out highlighting issues related to the processes for controlling the activities of Greatwell Homes, including potential improvements to those processes; periodically provide information on the status and results of the annual audit plan.
Please see attached invitation to tender document for detail.
More information
Links
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- https://www.delta-esourcing.com/tenders/UK-GB-Wellingborough:-The-provision-of-Internal-Auditor-Services-at-Greatwell-Homes/X47923G77G
- Tender notice
- Please follow this link to view the notice.
Additional text
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The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.
About the buyer
Contact name
Jenny Perkins
Address
12 Sheep Street
Wellingborough
NN8 1BL
UK
Telephone
01933231346
Share this notice
Closing: 13 August 2019