Awarded contract

Grant Audit Services

Details

Value
£288,000
Duration
4 years
Topic
Auditing services
Published
7 June 2024

Tender description

The University requires auditors to provide an experienced audit team to conduct financial reviews and certification of its research grant claims submitted to external funders (primarily EU Framework Programmes and Innovate UK grants). The average number of these audits required per annum is approximately 40-50 in total for all funders, but will vary between financial years. It is not expected for the number of audits to exceed 60 in a financial year. Whilst there has been a consistent volume of funding it recent years, there is every chance that this could increase or decrease. As such we require a Grant Auditor that can provide flexibility to ensure consistent levels of service.

Timeline

  1. Completed: Award date1 June 2024
  2. Completed: Award published7 June 2024
    Current notice
  3. Next: Contract expiry date31 May 2028in 2 years

About the buyer

University of Southampton is a higher education institution whose procurement team runs tenders and quotations under its own financial regulations. Many contracts are awarded through framework agreements managed by the Southern Universities Procurement Consortium. Purchasing teams raise orders and requisitions for faculties and professional service groups. Procurement thresholds set the route to market, ranging from a single quotation to a formal tender.

Over the past 5 years, most of University of Southampton's contract awards have been in software and information systems, office and computing equipment and architectural and engineering services.

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