Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
London Borough of Newham
Newham Dockside
London
E162QU
UK
E-mail: procurement.support@newham.gov.uk
NUTS: UKI41
Internet address(es)
Main address: www.newham.gov.uk
I.4) Type of the contracting authority
Regional or local authority
I.5) Main activity
General public services
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Internal Audit Services
Reference number: ITTN421
II.1.2) Main CPV code
79212200
II.1.3) Type of contract
Services
II.1.4) Short description
The Bidder is required to deliver twelve risk based audits to the corporate centre and directorates. A list of the 12 risk based audits will be provided after the appointment of the successful bidder, however, we reserve the right to make substitutions where required. We expect the average number of days for each audit to be approximately 20.
These audits will be carried out during 2025/26, with all final reports cleared by the Corporate Directors and being delivered to the Internal Audit Manager within 12 months after the start date of this contract. We expect that these audits will be spread throughout the year and we will work with the successful bidder to agree a suitable timetable.
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
417 150.00
GBP
II.2) Description
II.2.3) Place of performance
NUTS code:
UKI41
II.2.4) Description of the procurement
The audits to be undertaken and their timing will be selected by the Council's Internal Audit Manager with a scope agreed by them and are likely to cover the following areas (please note that this list is indicative of the audits to be undertaken, but the exact audits may change during the year):
• Risk based council audits
• Financial system audits
• IT audits.
II.2.5) Award criteria
Quality criterion: Quality
/ Weighting: 30%
Quality criterion: Social Value
/ Weighting: 10%
Price
/ Weighting:
60%
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2025/S 000-003693
Section V: Award of contract
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
01/04/2025
V.2.2) Information about tenders
Number of tenders received: 4
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
TIAA Ltd
04546319
Fareham
UK
NUTS: UK
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 417 150.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
Royal Courts of Justice
Strand
London
WC2A 2LL
UK
VI.5) Date of dispatch of this notice
23/04/2025