II.2.3) Place of performance
NUTS code:
UKC23
Main site or place of performance:
Within the boundaries of Sunderland, Houghton, Hetton and Washington - Tyne & Wear
II.2.4) Description of the procurement
Gentoo Group Ltd (The Group) is subject to rigorous governance via the Social Housing Regulator. In addition, the Group has a duty to comply with numerous regulatory standards in relation to governance and standards of practice in regard to all of its operations.
The Group have a number of mechanisms and processes in place to ensure all necessary governance is adhered to and standards are exceeded. This includes, but is not limited to:
- The Risk and Audit Committee (RAC);
- Involvement and sign off via the Group Board for varying activities; and
- Various assessments conducted by third-party Organisations with recommendations for improvement where necessary.
The purpose of this procurement is to seek appointment of Internal Audit Advisory Services for the Group to ensure that all operations conducted by the Group are compliant with all relevant legislation and guidance.
The successful Supplier will be responsible for carrying out Audit Services within Gentoo, working with the various Teams throughout the Organisation.
Internal audit services will be undertaken in accordance with the Institute of Internal Auditors (IIA) International Professional Practices Framework (IPPF ).
The internal audit service will consider the adequacy of controls necessary to secure assurance and effectiveness in all areas. It will seek to confirm that management have taken the necessary steps to achieve these objectives and manage the associated risks.
Internal audit work should cover all operational and management controls and should not be restricted to the audit of systems and controls necessary to form an opinion on the financial statements.
All documents have been issued via the Genbuy system - link provided elsewhere within the notice.
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:
303 000.00
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:
This Contract is intended to run for a period of three (3) years, commencing in April 2025 and concluding in March 2028. There will also be 2 x optional extension clauses of 12 months each – resulting in a maximum term of five (5) years.
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:
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