External Audit Services

Central Bank of Ireland

This public procurement competition relates to a requirement for the Central Bank to have external audits 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 is seeking a service provider for the provision of external audit services to the Central Bank. The services are more fully described in the procurement documents.

Deadline

The time limit for receipt of tenders was 2022-07-26. The procurement was published on 2022-06-22.

Suppliers

The following suppliers are mentioned in award decisions or other procurement documents:

Who? What? Where?
Procurement history
Date Document
2022-06-22 Contract notice
2023-06-27 Contract award notice
Contract notice (2022-06-22)
Object
Scope of the procurement
Title: Statutory audit services
Reference number: 2022P034
Short description:
This public procurement competition relates to a requirement for the Central Bank to have external audits 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 is seeking a service provider for the provision of external audit services to the Central Bank. The services are more fully described in the procurement documents.
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Notice metadata
Original language: English 🗣️
Document type: Contract notice
Nature of contract: Services
Regulation: European Union, with participation of GPA countries
Common procurement vocabulary (CPV)
Code: Statutory audit services 📦
Additional CPV: Auditing services 📦
Place of performance
NUTS region: Éire/Ireland 🏙️

Procedure
Procedure type: Open procedure
Type of bid: Submission for all lots
Award criteria
The most economic tender

Contracting authority
Identity
Country: Ireland 🇮🇪
Awarding authority type: Body governed by public law
Awarding authority name: Central Bank of Ireland
Postal address: PO Box 559
Postal code: New Wapping Street,
Postal town: Dublin 1
Contact
Internet address: http://www.centralbank.ie 🌏
E-mail: tenders@centralbank.ie 📧
URL for documents: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=216835&B=ETENDERS_SIMPLE 🌏
URL for participation: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=216835&B=ETENDERS_SIMPLE 🌏

Reference
Dates
Date dispatched: 2022-06-22 📅
Submission deadline: 2022-07-26 📅
Publication date: 2022-06-27 📅
Identifiers
Notice number: 2022/S 121-344645
OJ-S issue: 121
Additional information
Tenderers please note that the initial term of this Agreement shall be from the effective date and shall expire on the completion of the audit for the 2027 financial year (estimated to be a 60 month duration). Please refer to section II.2.7 for options to renew the contract.
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Object
Scope of the procurement
Estimated total value: 2 100 000 EUR 💰
Estimated value excluding VAT: 2 100 000 EUR 💰
Duration: 60 months
Description of renewals:
The Central Bank has the right, at its discretion, to extend the Term for a further period or periods of up to the completion of the audits for the financial years 2028 and/or 2029 on the same terms and conditions, subject to the Central Bank’s obligations at Law. The maximum duration of the Term shall be up to the completion of the audit for the 2029 financial year
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Additional information:
Tenderers please note that the initial term of this Agreement shall be from the effective date and shall expire on the completion of the audit for the 2027 financial year (estimated to be a 60 month duration). Please refer to section II.2.7 for options to renew the contract.
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Legal, economic, financial and technical information
Conditions for participation
Suitability to pursue the professional activity:
Tenderers must be a member of a Prescribed Accountancy Body that comes within the supervisory remit of the Irish Auditing and Accounting Supervisory Authority (IAASA) or a recognised equivalent, which can lawfully provide the services in Ireland.
Information about a particular profession: Services
Reference to relevant legislative or regulatory provisions:
Tenderers must be a member of a Prescribed Accountancy Body that comes within the supervisory remit of the Irish Auditing and Accounting Supervisory Authority (IAASA) or a recognised equivalent, which can lawfully provide the services in Ireland.

Procedure
Legal basis: 32014L0024
Time of receipt of tenders: 12:00
Languages in which tenders or requests to participate may be submitted: English 🗣️
Tender validity period: 16 months
Tender opening date: 2022-07-26 📅
Tender opening time: 12:00

Contracting authority
Identity
National registration number: N/a
Contact
Contact point: Geraldine Sherlock
Address of the buyer profile: https://irl.eu-supply.com/ctm/Company/CompanyInformation/Index/329 🌏
Documents URL: http://irl.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=216835&B=ETENDERS_SIMPLE 🌏

Reference
Additional information
Estimated timing for further notices: 5-7 years
Tenderers please note that the initial term of this Agreement shall be from the effective date and shall expire on the completion of the audit for the 2027 financial year (estimated to be a 60 month duration to cover the audits for the financial years 2023 - 2027 (the “Term”). However, the Central Bank has the right, at its discretion, to extend the Term for a further period or periods of up to the completion of the audits for the financial years 2028 and/or 2029 on the same terms and conditions, subject to the Central Bank’s obligations at Law. The maximum duration of the Term shall be up to the completion of the audit for the 2029 financial year.
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Complementary information
Review body
Name: The High Court
Postal address: Inns Quay
Postal town: Dublin
Postal code: Dublin 7
Country: Ireland 🇮🇪
E-mail: highcourtcentraloffice@courts.ie 📧
Internet address: https://courts.ie/ 🌏
Information about review deadlines:
As set out at section 7 of the European Communities (Public Authorities’ Contracts) (Review Procedures) Regulations SI 130/2010, as amended.
Source: OJS 2022/S 121-344645 (2022-06-22)
Contract award notice (2023-06-27)
Object
Scope of the procurement
Reference number: 2022/S 121-344645
Short description:
Central Bank of Ireland (the “Central Bank”) has a requirement for external audits to be 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). In June 2022 the Central Bank issued an OJEU level tender, using the Open procedure, seeking a service provider for the provision of external audit services to the Central Bank. The Central Bank received no tenders in response to this competition. As such, and in accordance with Article 32(2)(a) of Directive 2014/24/EU (the “Directive”), the Central Bank entered into a negotiated procedure without prior publication to award a contract for these services. This process is set out in further detail in Section IV.1.1 of this notice.
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Total value of the procurement: 3 072 465 EUR 💰
Notice metadata
Document type: Contract award notice
Place of performance
NUTS region: Ireland 🏙️

Procedure
Procedure type: Negotiated procedure without a call for competition
Type of bid: Not applicable

Contracting authority
Identity
Postal town: Dublin
Contact
Internet address: https://www.centralbank.ie/ 🌏

Reference
Dates
Date dispatched: 2023-06-27 📅
Publication date: 2023-06-30 📅
Identifiers
Notice number: 2023/S 124-392708
Refers to notice: 2022/S 121-344645
OJ-S issue: 124
Additional information
The figure in Sections II.1.7 and V.2.4 represents the Central Bank’s best estimate of the anticipated total value, but it is not possible to be definitive in this regard by virtue of nature of the relevant services. The total value may be significantly lower, or indeed significantly higher than the figure in Sections II.1.7 and V.2.4
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Procedure
Award criteria
Quality criterion (name): Mandatory requirements
Quality criterion (weighting): 0
Cost criterion (name): Price
Cost criterion (weighting): 0

Award of contract
Date of contract conclusion: 2023-06-02 📅
Name: Grant Thornton Ireland
Postal town: Dublin
Country: Ireland 🇮🇪
Total value of the procurement: 3 072 465 EUR 💰
Information about tenders
Number of tenders received: 1

Complementary information
Review body
Name: High Court
Postal town: Dubin
Internet address: https://www.courts.ie/high-court 🌏
Information about review deadlines:
Precise information on deadline(s) for review procedures:
See Regulation 7 of SI 130/2010 as amended.
Service from which information about the review procedure may be obtained
Postal town: Dublin
Country: Ireland 🇮🇪
E-mail: highcourtcentraloffice@courts.ie 📧
Internet address: https://courts.ie/ 🌏
Source: OJS 2023/S 124-392708 (2023-06-27)
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