There is a requirement for the Central Bank of Ireland (the ‘Central Bank’) to have an external audit carried out by an independent auditor or a firm of auditors recommended by the Governing Council and approved by the EU Council, as required under Article 27.1 of the Statute of the European System of Central Banks (ESCB) and of the European Central Bank (ECB).
The Central Bank wishes to appoint an independent external auditor to audit its financial statements under this statute. Copies of the annual report and annual performance statement for previous years, which contain the financial statements for the Central Bank, are available on our website www.centralbank.ie.
The successful independent external auditor is also required for the provision of other audit services e.g. superannuation scheme, engagement in connection with the audit of the annual financial statements of the European Central Bank, Banking and Investment Firms Resolution Fund, Deposit Guarantee Fund.
Deadline
The time limit for receipt of tenders was 2020-11-02.
The procurement was published on 2020-09-30.
Object Scope of the procurement
Title: Provision of External Auditor Services for the Central Bank of Ireland
2020P040
Products/services: Auditing services📦
Short description:
“There is a requirement for the Central Bank of Ireland (the ‘Central Bank’) to have an external audit carried out by an independent auditor or a firm of...”
Short description
There is a requirement for the Central Bank of Ireland (the ‘Central Bank’) to have an external audit carried out by an independent auditor or a firm of auditors recommended by the Governing Council and approved by the EU Council, as required under Article 27.1 of the Statute of the European System of Central Banks (ESCB) and of the European Central Bank (ECB).
The Central Bank wishes to appoint an independent external auditor to audit its financial statements under this statute. Copies of the annual report and annual performance statement for previous years, which contain the financial statements for the Central Bank, are available on our website www.centralbank.ie.
The successful independent external auditor is also required for the provision of other audit services e.g. superannuation scheme, engagement in connection with the audit of the annual financial statements of the European Central Bank, Banking and Investment Firms Resolution Fund, Deposit Guarantee Fund.
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Estimated value excluding VAT: EUR 1 700 000 💰
1️⃣
Additional products/services: Accounting and auditing services📦
Additional products/services: Financial auditing services📦
Additional products/services: Statutory audit services📦
Place of performance: Dublin🏙️
Main site or place of performance: Dublin.
Description of the procurement:
“There is a requirement for the Central Bank of Ireland (the ‘Central Bank’) to have an external audit carried out by an independent auditor or a firm of...”
Description of the procurement
There is a requirement for the Central Bank of Ireland (the ‘Central Bank’) to have an external audit carried out by an independent auditor or a firm of auditors recommended by the Governing Council and approved by the EU Council, as required under Article 27.1 of the Statute of the European System of Central Banks (ESCB) and of the European Central Bank (ECB).
The Central Bank wishes to appoint an independent external auditor to audit its financial statements under this statute. Copies of the annual report and annual performance statement for previous years, which contain the financial statements for the Central Bank, are available on our website www.centralbank.ie.
The successful independent external auditor is also required for the provision of other audit services e.g. superannuation scheme, engagement in connection with the audit of the annual financial statements of the European Central Bank, Banking and Investment Firms Resolution Fund, Deposit Guarantee Fund.
The audit firm appointed in accordance with Article 27.1 of the ESCB/ECB Statue should be independent from the Central Bank. In this regard, tenderers are requested to refer to the document entitled ‘Good Practices for the selection and mandate of External Auditors according to Article 27.1 of the ESCB/ECB Statute’ (approved by the Governing Council of the ECB). In the spirit of independence, this document also defines prohibited non-audit services in its Annex.
Show more Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
Scope of the procurement
Estimated total value excluding VAT: EUR 1 700 000 💰
Duration of the contract, framework agreement or dynamic purchasing system
The time frame below is expressed in number of months.
Description
Duration: 60
Duration of the contract, framework agreement or dynamic purchasing system
This contract is subject to renewal ✅ Description
Description of renewals:
“The Central Bank may extend the term on the same terms and conditions for a period or periods of up to 12 months with a maximum of 24 additional months...”
Description of renewals
The Central Bank may extend the term on the same terms and conditions for a period or periods of up to 12 months with a maximum of 24 additional months (such that the total potential maximum duration of the contract is 7 years).
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Options ✅
Description of options: See II.2.7) regarding options to extend the contract.
Legal, economic, financial and technical information Economic and financial standing
Selection criteria as stated in the procurement documents
Technical and professional ability
Selection criteria as stated in the procurement documents
Procedure Type of procedure
Open procedure
Administrative information
Time limit for receipt of tenders or requests to participate: 2020-11-02
12:00 📅
Languages in which tenders or requests to participate may be submitted: English 🗣️
The time frame below is expressed in number of months.
Minimum time frame during which the tenderer must maintain the tender: 12
Conditions for opening of tenders: 2020-11-02
12:00 📅
Complementary information Information about recurrence
This is a recurrent procurement ✅
Estimated timing for further notices to be published: On completion of the contract awarded on foot of this tender competition.
Additional information
“Tenderers are advised that the total value of the contract set out in this notice is indicative and based on the maximum potential value of services under...”
Tenderers are advised that the total value of the contract set out in this notice is indicative and based on the maximum potential value of services under the contract over its lifetime (i.e. maximum 7 years). This includes the audits set out in the ITT document and any other potential audits or reports that may arise over the lifetime of the contract.
Tenderers are advised to note that each of appendices:
Appendix 1B: Data Protection,
Appendix 3: Pricing Schedule,
Appendix 4: Tenderers Statement,
Appendix 6: Reference Contract Tables, and
Appendix 7: Independence are all provided as separate documents/workbooks on www.eTenders.gov.ie (RFT ID 176759). Tenderers should return the appendices separately as part of their tender response.
Show more Review body
Name: The High Court
Postal address: Inns Quay
Postal town: Dublin 7
Country: Ireland 🇮🇪
E-mail: highcourtcentraloffice@courts.ie📧
URL: www.courts.ie🌏 Review procedure
Precise information on deadline(s) for review procedures:
“As set out at section 7 of the European Communities (Public Authorities’ Contracts) (Review Procedures) Regulations SI 130/2010, as amended.”
Source: OJS 2020/S 193-466792 (2020-09-30)