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:
Object Scope of the procurement
Title: External Audit Services
2022P034
Products/services: Statutory audit services📦
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...”
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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Estimated value excluding VAT: EUR 2 100 000 💰
1️⃣
Additional products/services: Auditing services📦
Additional products/services: Financial auditing services📦
Place of performance: Éire/Ireland🏙️
Description of the procurement:
“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...”
Description of the procurement
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.
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 2 100 000 💰
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 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...”
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...”
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.
Legal, economic, financial and technical information Conditions for participation
List and brief description of conditions:
“Tenderers must be a member of a Prescribed Accountancy Body that comes within the supervisory remit of the Irish Auditing and Accounting Supervisory...”
List and brief description of conditions
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.
Show more Economic and financial standing
Selection criteria as stated in the procurement documents
Technical and professional ability
Selection criteria as stated in the procurement documents
Information about a particular profession
Reserved to a particular profession
Reference to the relevant law, regulation or administrative provision:
“Tenderers must be a member of a Prescribed Accountancy Body that comes within the supervisory remit of the Irish Auditing and Accounting Supervisory...”
Reference to the relevant law, regulation or administrative provision
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.
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Obligation to indicate the names and professional qualifications of the staff assigned to performing the contract
Procedure Type of procedure
Open procedure
Administrative information
Time limit for receipt of tenders or requests to participate: 2022-07-26
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: 16
Conditions for opening of tenders: 2022-07-26
12:00 📅
Complementary information Information about recurrence
This is a recurrent procurement ✅
Estimated timing for further notices to be published: 5-7 years
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...”
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.
Show more Review body
Name: The High Court
Postal address: Inns Quay
Postal town: Dublin
Postal code: Dublin 7
Country: Ireland 🇮🇪
E-mail: highcourtcentraloffice@courts.ie📧
URL: https://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 2022/S 121-344645 (2022-06-22)
Contract award notice (2023-06-27) Contracting authority Name and addresses
Postal town: Dublin
Region: Dublin🏙️
URL: https://www.centralbank.ie/🌏
Object Scope of the procurement
Title: External Audit Services
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...”
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 (excluding VAT): EUR 3 072 465 💰
Description
Place of performance: Ireland🏙️
Description of the procurement:
“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...”
Description of the procurement
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.
Show more Award criteria
Quality criterion (name): Mandatory requirements
Quality criterion (weighting): 0
Cost criterion (name): Price
Cost criterion (weighting): 0
Procedure Type of procedure
No tenders or no suitable tenders/requests to participate in response to open procedure
Award of a contract without prior publication of a call for competition in the Official Journal of the European Union (explanation):
“In June 2022, the Central Bank issued an OJEU level tender, using the Open procedure, seeking suppliers for the provision of External Audit Services. No...”
Award of a contract without prior publication of a call for competition in the Official Journal of the European Union (explanation)
In June 2022, the Central Bank issued an OJEU level tender, using the Open procedure, seeking suppliers for the provision of External Audit Services. No tender submissions were received. As such, and in accordance with Article 32(2)(a) of the Directive, the Central Bank entered into a negotiated procedure without prior publication to award a contract for these services. The Central Bank entered into a negotiated procedure with Grant Thornton Ireland ("Grant Thornton").
Having confirmed that Grant Thornton can meet all of the requirements outlined in the original Invitation to Tender (“ITT”) and is prepared to contract on substantially the same terms and conditions set out therein, the Central Bank proceeded to directly award the contract to Grant Thornton under Article 32(2)(a) of the Directive.
The initial term of the contract is until completion of the audit for the 2027 financial year. The Central Bank has an option 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.
Show more Administrative information
Previous publication concerning this procedure: 2022/S 121-344645
Award of contract
1️⃣
Contract Number: 1
Title: External Audit Services
Date of conclusion of the contract: 2023-06-02 📅
Information about tenders
Number of tenders received: 1
Name and address of the contractor
Name: Grant Thornton Ireland
Postal town: Dublin
Country: Ireland 🇮🇪
Region: Éire/Ireland🏙️
The contractor is an SME
Information on value of the contract/lot (excluding VAT)
Estimated total value of the contract/lot: EUR 2 100 000 💰
Total value of the contract/lot: EUR 3 072 465 💰
Complementary information 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...”
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
Show more Review body
Name: High Court
Postal town: Dubin
URL: https://www.courts.ie/high-court🌏 Review procedure
Precise information on deadline(s) for review procedures:
“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
Name: High Court
Postal town: Dublin
Country: Ireland 🇮🇪
E-mail: highcourtcentraloffice@courts.ie📧
URL: https://courts.ie/🌏
Source: OJS 2023/S 124-392708 (2023-06-27)