491 Internal Audit Services
Awarded
Key facts
- Closing date
- Not stated by the buyer
- Buyer's estimated value
- Not stated The buyer's own estimate, not income to you.
- Procedure
- Open procedure
- Notice type
- Contract details notice (UK7)
Decision brief
Taken from the buyer's published notice (shown as written, shortened where long). Tenderpatch has not added to or interpreted it. Always read the official documents before bidding.
- How bids will be scored
- Not stated in the notice.
- Conditions of participation (what you must show)
- None published in the notice. They may be in the tender documents.
- Contract length and extensions
- Period not stated.
- How to submit
- Not stated in the notice.
- Tender documents
- No document links in the notice. Use the official notice link.
New to public tenders? Plain-English guide to this page
- Framework
- An agreement that sets terms for work the buyer may order later, often from several suppliers. The value shown usually covers the whole agreement, not one job.
- Open for bids / closing date
- You must submit by the closing date and time, normally through the buyer's own online portal. Late bids are normally refused.
- Clarification questions
- A deadline for asking the buyer questions about the tender. It is earlier than the closing date.
- Conditions of participation
- What the buyer asks suppliers to show before they can be considered, such as experience, insurance or accreditations.
- Bids are scored on
- How the buyer will compare bids, usually a split between price and quality. A 60/40 split in favour of quality means the cheapest bid will not necessarily win.
- Lots
- A tender can be split into parts. You can often bid for only the lots that suit you.
- Area (ITL)
- The buyer names an official statistical area for where the work is, not a street address. Check the tender documents for the actual sites.
- UK4 and other notice codes
- Official codes for the type of notice. A "tender notice" means bids are being invited.
General explanations written by Tenderpatch, not part of this notice.
Description
This is a Contract Details Notice for the University of Lincoln's Internal Audit Services contract. A contract has been awarded for an initial 3 year period, with a further 2 years of optional extensions (at the University's discretion).
The core services required under the University's Internal Audit service in summary include the development and delivery of an internal audit strategy and plan, advice on governance, risk management and internal controls, incorporating proactive knowledge and best practice, providing recommendations on optimising value for money outcomes and a year end audit report and audit opinion to senior management, the Board of Governors and the Office for Students.
The University operates within a rapidly evolving Higher Education landscape, facing sector wide pressures including financial sustainability challenges, cyber security threats, volatility in student recruitment, increasing regulatory expectations from the Office for Students, and rising demands around data quality, governance, and organisational resilience. Hence, interested suppliers will need to demonstrate that they have the breadth of specialisms to provide an effective internal audit provision across this range of risk areas. Demonstrating capabilities and added value across the breadth of audit provision will be a key area of assessment in the procurement exercise.