HS1 Ltd - Financial Audit Firm Rotation
Details
- Topic
- Accounting and auditing services
- Published
- 5 February 2024
- Submission
- 7 March 2024
- Source
- uk:bluelight
Tender description
The FRC guidance on audit rotation states that FTSE 350 firms and Public Interest Entities (“PIE”) (i.e. entities listed on regulated exchange, unlisted banks, and unlisted insurers) must tender their audit every 10 years and rotate every 20 years. For non-listed audit businesses, such as the HS1 group, there is no 10-year rule on independence and rotation however HS1 Ltd has chosen to re-tender the contract (10-year contract) for the FY25 (year ending 31 March 2025) audit and beyond, as detailed in the corresponding PIN (reference 2023/S 000-036585) published on 'Find a Tender') on 12 December 2023, 6:50pm. This is the call for competition via an initial PQQ, and subsequent ITT. The instructions, service specification, evaluation criteria, and indicative timelines are provided in the attachment to the PQQ.
Timeline
- Completed: Tender published5 February 2024Current notice
- Completed: Submission date7 March 2024
About the buyer
High Speed One (HS1) Limited holds the concession to own, operate and maintain the UK's only high-speed railway. The company trades as London St Pancras Highspeed. Four international stations sit along the route: St Pancras, Stratford, Ebbsfleet and Ashford. Bidders move through pre-qualification, invitation to tender and evaluation before a preferred bidder is appointed. Network Rail (High Speed) operates and maintains the infrastructure and three of the stations under contract.
Over the past 5 years, most of HS1's contract awards have been in financial and insurance services.
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@high-speed-one-hs1-limited.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@high-speed-one-hs1-limited.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@high-speed-one-hs1-limited.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@high-speed-one-hs1-limited.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@high-speed-one-hs1-limited.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@high-speed-one-hs1-limited.gov |
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