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Contracts Finder (UK Cabinet Office) verified 5 days ago Contract award

Co-Sourcing Internal Audit Partner - Award Notice

Awarded United Kingdom Business services

Buyer Financial Ombudsman Service

€3.0M awarded value · €2,968,945

Key facts

Awarded
decided 112 days after the deadline
Procedure
Restricted procedure Two steps: companies first ask to take part, and only those selected are invited to bid. Full entry
View the official notice Watch this tender

This contract runs about 36 months, so it is back on the market around October 2029. Log in

Awarded to

KPMG LLP

Awarded value
€2,968,945
Record with this buyer
1 first contract from this buyer in the register
Back on the market
Oct 2029 How we know

Description

The Financial Ombudsman Service has awarded a demand-led call-off contract under the CCS Framework RM6310, Audit and Assurance Services Two, Lot 1, for the provision of internal audit co-sourcing services. The contract is for an initial term of 3 years, with the option to extend by up to two further periods of 1 year each (total 5 years aggregate). The contract will support delivery of the internal audit plan by providing access to specialist assurance capability where additional expertise or capacity is required.

Timing

  1. Deadline
  2. Awarded decided in 112 days
  3. Published
  4. Contract ends October 2029

When this contract comes back

This contract runs about 36 months, so it is back on the market around October 2029.

Every contract expiring, on the radar

Official source

Source: Contracts Finder (UK Cabinet Office)

Always verify details on the official notice.

Last verified against Contracts Finder (UK Cabinet Office) 5 days ago

Documents on Contracts Finder (UK Cabinet Office) (English)

Market

Business services in United Kingdom

median award in this market
€56,015
More figures

What this market pays

The buyer has too few awards of its own in this sector, so this is the range of the last 2,000 awards for Business services in United Kingdom.

This award
€3.0M
Median award
€56,015
Middle half of past awards
€7,865 to €175,730

The award is larger than three in four past awards.

Award values as published by the official sources. Use them as a guide, not a rule: scope, lots and duration differ between contracts.

Market context

open now in Business services
4,290
median open notice
€220,634

Who wins in this market

Many suppliers

United Kingdom · Business services

different companies won awards here
969
of the awards went to the three most frequent winners
7%
buyers awarded contracts here
463

Based on 2,276 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.

The buyer in figures

Financial Ombudsman Service

notices in the register
6
awards
6
awarded in total
€177.1M

One dot per award, on the day it was signed, sized by its value. A ring is an award with no published value.

Financial Ombudsman Service

United Kingdom

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Awarded before

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