II.1)
Scope of the procurement
External Audit Services
Reference number:
LSHTM-2023-10
79212100
-
Financial auditing services
Services
II.1.4)
Short description
We are looking to appoint a supplier to provide External Audit Services in accordance with the Companies Act and relevant professional standards. We are seeking to put in place a new contract for four years, commencing in May 2024. As a higher education institution, we are required to carry out external audit of our financial statements for statutory compliance purposes. In addition to this we are also required to provide audited annual financial statements to our regulator, the Office for Students. The scope of service includes audit of the school’s financial statements and the subsidiary company financial statements, together known as ‘the Group’.
II.1.5)
Estimated total value
Value excluding VAT: 120000.00
GBP
II.1.6)
Information about lots
This contract is divided into lots:
no
II.2.2)
Additional CPV code(s)
66000000
-
Financial and insurance services
79212000
-
Auditing services
II.2.3)
Place of performance
NUTS code:
UK -
UNITED KINGDOM
Main site or place of performance:
Central London
II.2.4)
Description of the procurement
We are looking to appoint a supplier to provide External Audit Services in accordance with the Companies Act and relevant professional standards. We are seeking to put in place a new contract for four years, commencing in May 2024. As a higher education institution, we are required to carry out external audit of our financial statements for statutory compliance purposes. In addition to this we are also required to provide audited annual financial statements to our regulator, the Office for Students. The scope of service includes audit of the school’s financial statements and the subsidiary company financial statements, together known as ‘the Group’. There are a total of four subsidiary companies, of which three require an audit. Three subsidiaries are wholly owned UK subsidiaries (Chariot Innovations Limited, LSHTM Developments Limited and Sustainable Climate Impact Fund Limited). The fourth subsidiary is a non-trading Ugandan entity which is consolidated but does not require separate financial statements.
Price is not the only award criterion and all criteria are stated only in the procurement documents
Value excluding VAT: 120000.00
GBP
II.2.7)
Duration of the contract, framework agreement or dynamic purchasing system
Duration in months:
48
This contract is subject to renewal:
yes
Description of renewals:
The Contract Term is 2 years with optional extension of 2 periods of 12 month each. (2+1+1)
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