Contract notice
Section I: Contracting
authority
I.1) Name and addresses
University of Lincoln
Brayford Pool
Lincoln
LN6 7TS
UK
Contact person: Laura Simms
Telephone: +44 1522886762
E-mail: LSIMMS@LINCOLN.AC.UK
NUTS: UKF3
Internet address(es)
Main address: https://www.lincoln.ac.uk/
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://www.delta-esourcing.com/tenders/UK-UK-Lincoln:-Financial-auditing-services./554P9P2DK8
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
https://www.delta-esourcing.com/tenders/UK-title/XW737XJ8S7
Tenders or requests to participate must be sent to the abovementioned address
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Education
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
359 - External Audit Services
Reference number: 359
II.1.2) Main CPV code
79212100
II.1.3) Type of contract
Services
II.1.4) Short description
The University is seeking to appoint External auditors who have in-depth knowledge and experience of the Higher Education (HE) Sector. The Contract will run for a period of 3 years commencing c. July 2022. There will be an option for the University to extend the Contract by two further periods of 12 months until June 2027. The services are to include:
• Provision of a statutory audit of the Group financial statements initially for year ending 31 July 2022, in accordance with applicable auditing standards.
• Produce Audit findings report for Senior Management, the Governing Body and the Office for Students (OfS).
• Identify process and control improvements and make recommendations to Senior Management.
• Audit and sign-off of the US Federal Loan Return in accordance with US Department of Education requirements.
• Audit and sign-off of the Teacher’s Pension Scheme (TPS) return in accordance with TPS requirements.
• Audit and sign-off of financial covenant calculations.
II.1.5) Estimated total value
Value excluding VAT:
500 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.3) Place of performance
NUTS code:
UKF3
Main site or place of performance:
Lincolnshire
II.2.4) Description of the procurement
The University is seeking to appoint External auditors who have in-depth knowledge and experience of the Higher Education (HE) Sector. The Contract will run for a period of 3 years commencing as soon as possible following contract award (c. July 2022). There will be an option for the University to extend the Contract by two further periods of 12 months until June 2027. The services to include:
•Provision of a statutory audit of the Group financial statements initially for year ending 31 July 2022, in accordance with applicable auditing standards.
•Produce Audit findings report for Senior Management, the Governing Body and the Office for Students (OfS).
•Identify process and control improvements and make recommendations to Senior Management.
•Audit and sign-off of the US Federal Loan Return in accordance with US Department of Education requirements.
•Audit and sign-off of the Teacher’s Pension Scheme (TPS) return in accordance with TPS requirements.
•Audit and sign-off of financial covenant calculations.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6) Estimated value
Value excluding VAT:
500 000.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 36
This contract is subject to renewal: Yes
Description of renewals:
2 x 12 month extensions available, in yearly increments.
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
Yes
Description of options:
The Contract will run for a period of 3 years commencing as soon as possible following Contract award (c. July 2022). There will be an option for the University to extend the Contract by two further periods of 12 months in yearly increments.
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
II.2.14) Additional information
https://www.delta-esourcing.com/tenders/UK-UK-Lincoln:-Financial-auditing-services./554P9P2DK8
Section III: Legal, economic, financial and technical information
III.1) Conditions for participation
III.1.1) Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
List and brief description of conditions:
As stated in the procurement documents.
III.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
III.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
III.2) Conditions related to the contract
III.2.2) Contract performance conditions
In support of the University's strategic objectives to have employable and successful graduates, the successful Tenderer will be required to deliver the Careers and Employability Schedule included within the contract terms and conditions.
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.2.2) Time limit for receipt of tenders or requests to participate
Date:
23/03/2022
Local time: 11:00
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
IV.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 3 (from the date stated for receipt of tender)
IV.2.7) Conditions for opening of tenders
Date:
23/03/2022
Local time: 11:00
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.3) Additional information
For more information about this opportunity, please visit the Delta eSourcing portal at:
https://neupc.delta-esourcing.com/tenders/UK-UK-Lincoln:-Financial-auditing-services./554P9P2DK8
To respond to this opportunity, please click here:
https://neupc.delta-esourcing.com/respond/554P9P2DK8
GO Reference: GO-2022216-PRO-19661308
VI.4) Procedures for review
VI.4.1) Review body
University of Lincoln
Campus Way
Lincoln
LN6 7TS
UK
Telephone: +44 1522886762
E-mail: LSIMMS@LINCOLN.AC.UK
VI.4.3) Review procedure
Precise information on deadline(s) for review procedures:
The Contracting Authority will incorporate a minimum 10 calendar day standstill period following electronic notification (minimum of 15 calendar days for any other means of communication) to applicants of the award decision. This notification will provide the information that tenderers are legally entitled to regarding the award decision. The standstill period provides time for unsuccessful tenderers to challenge the award decision before the contract is entered into. The Public Contracts Regulations 2015 provide aggrieved parties who have been harmed or are at risk of harm by a breach of the rules to take action in the High Court (England, Wales andNorthern Ireland).
VI.5) Date of dispatch of this notice
16/02/2022