Financial Audit and Assurance Services Contract

A Modification Notice
by NATIONAL AUDIT OFFICE

Source: Find a Tender
Type: Contract (Services)
Duration: 5 year
Value: £6M-£7M

Sector: BUSINESS
Published: 14 Jul 2026
Delivery: To 14 Jul 2031 (est.)
Deadline: n/a

Related Terms

Location

UNITED KINGDOM

Geochart for 2 buyers and 1 suppliers

2 buyers

National Audit Office Victoria

1 supplier

Deloitte London

Description

This Lot includes a number of Pension bodies. The pensions bodies are some of the most significant public sector pension schemes which would be suited to suppliers with actuarial and pensions audit expertise. Pension schemes are the biggest liability in the Whole of Government Account and are therefore under a significant level of scrutiny as to their valuation when informing overall government fiscal policy. The Pension Protection Fund is a statutory public corporation who are responsible for protecting people with an eligible defined benefit pension when an employer becomes insolvent.

Ammendments to Previous Notice

2. Contract value

GBP 666,667 7,114,667

Award Detail

1	Deloitte (London) Pensions Reference: lot 2 pensions Value: £6,448,000

CPV Codes

79200000 - Accounting, auditing and fiscal services

Indicators

Contract modified due to additional needs.

Legal Justification

Additional audit and assurance services are required from the original contractors to ensure continuity of statutory audit delivery. Changing contractors at this stage would cause significant inconvenience, duplication of costs and disruption to audit planning, delivery and quality assurance. The modification does not alter the overall nature of the contracts and the increase remains below 50% of the original contract value.