AWARD OUTCOME
What happened
University of Lincoln awarded its internal audit services requirement to FORVIS MAZARS LLP following an open procedure. The published contract record states that it was signed on 9 October 2026 and began on 12 October 2026. It has a three-year initial term and two optional 12-month extensions.
Published outcomeOne active award and one active contract are recorded for FORVIS MAZARS LLP, covering lot 1.
Market significanceThis is a higher-education internal audit requirement covering audit strategy and delivery, governance, risk and controls advice, value-for-money recommendations, and reporting to senior management, governors and the Office for Students.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
FORVIS MAZARS LLP
99% confidenceAward 1 · Lots 1 · Shared contract value: £500,000 gross; no supplier-specific allocation is published because this is the sole named supplier. GBP · verified; active award and contract
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Supplier verification identifies company number OC308299 and verified company name FORVIS MAZARS LLP. Award 1 names the supplier and contract 1 records £500,000 gross.
LIFECYCLE
Award or contract stage
Award notice
98% confidenceContract award notice published 18 September 2026
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Release history records notice 088794-2026 as a Contract award notice, released 2026-09-18.
Contract signature
99% confidence9 October 2026
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Contract 1 records dateSigned as 2026-10-09.
Contract start
99% confidence12 October 2026
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Contract 1 period startDate is 2026-10-12.
Contract status
99% confidenceActive
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Award 1 and contract 1 are both marked active.
Contract details publication
99% confidence15 October 2026
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Contract details notice 097323-2026 has datePublished 2026-10-15.
VALUES
Published values explained
Published contract value
99% confidence£500,000 gross
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Contract 1 value.amountGross is 500000 GBP.
Value basis
95% confidenceThe notice does not state whether the £500,000 gross amount covers only the initial term or the maximum term including extensions.
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Contract value is published, but no value basis or term allocation is provided.
TIMELINE
Procurement timeline
Tender notice published
98% confidence29 May 2026
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Release history records tender notice 050665-2026 released 2026-05-29.
Award notice published
98% confidence18 September 2026
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Release history records contract award notice 088794-2026 released 2026-09-18.
Contract signed
99% confidence9 October 2026
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Contract 1 dateSigned is 2026-10-09.
Initial term end
99% confidence11 October 2029
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Contract 1 endDate is 2029-10-11.
Maximum possible end date
99% confidence11 October 2031
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Contract 1 maxExtentDate is 2031-10-11.
SCOPE
What was awarded
Requirement
99% confidenceInternal audit services
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Tender title is '491 Internal Audit Services'; award item is classified as CPV 79212000, Auditing services.
Core services
98% confidenceDevelopment and delivery of an internal audit strategy and plan; governance, risk-management and internal-control advice; value-for-money recommendations; and year-end audit reporting and opinion.
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Published tender description.
Operating context
97% confidenceThe service is intended to address higher-education risks including financial sustainability, cyber security, student recruitment volatility, Office for Students regulation, data quality, governance and organisational resilience.
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Published tender description.
Delivery area
95% confidenceUKF3 region, United Kingdom
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Award item delivery address is UKF3, GB.
PROCEDURE
Procedure and competition
Procedure
99% confidenceOpen procedure
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Tender procurementMethodDetails is 'Open procedure'.
Lots
99% confidenceOne published lot (lot 1), awarded to the named supplier
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Tender lists lot 1; award 1 relates to lot 1.
Competition information
99% confidenceNumber of bids, bidder identities, evaluation scores and award rationale are unknown.
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Information not supplied in the published notice data.
CONTRACT TERMS
Published contract terms
Initial term
99% confidence3 years, from 12 October 2026 to 11 October 2029
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Tender description states an initial three-year period; contract period supplies the corresponding start and end dates.
Extension options
99% confidenceTwo optional 12-month extensions at the University’s discretion
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Contract renewal description states there are 2 x 12-month extension options.
Maximum term
99% confidenceUp to 5 years, ending no later than 11 October 2031 if both options are used
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Contract maxExtentDate is 2031-10-11 and renewal description states a five-year potential length.
Above threshold
99% confidenceYes
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Contract 1 aboveThreshold is true.
COMMERCIAL VIEW
Commercial observations
Demand signal
96% confidenceThe buyer sought broad internal-audit capability across financial, cyber, regulatory, data, governance and resilience risks.
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Published tender description says breadth of specialisms and added value across audit provision were key assessment areas.
Commercial structure
98% confidenceThe published record provides one gross contract value and no pricing schedule, rate card or lot-level value breakdown.
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Contract 1 contains a single amountGross value; no pricing breakdown is supplied.
DATA QUALITY
Gaps and source limitations
Published contract record supports conclusion
99% confidenceThe record explicitly states a signed date, active contract status, start and end dates, extension structure, and gross value.
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Contract 1 fields dateSigned, status, period, renewal and value.
Award and signature chronology
99% confidenceThe award notice was published before the recorded signature date; both dates are reported without inferring an error.
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Award notice release date is 2026-09-18; contract dateSigned is 2026-10-09.
Supplier identity quality
99% confidenceSupplier identity is verified by company number OC308299; the source supplier name matches the verified legal name apart from capitalisation.
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Supplier verification status is verified, match method is company_number, and supplier_name_mismatch is false.
Unpublished information
99% confidenceInformation not supplied in the published notice includes bid count, evaluation results, pricing detail, lot title and description, and the value basis across the initial and optional terms.
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These fields are absent or null in the supplied notice data.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- The published notice does not provide bid counts, unsuccessful bidders, evaluation scores, award rationale or savings.
- The published £500,000 gross value has no stated allocation between the initial three-year term and optional extensions.
- Lot 1 has no published title, description or individual lot value.
- No pricing schedule, service-level measures, performance information or detailed payment terms are supplied.
- The award notice date precedes the recorded contract signature date; the supplied data does not explain this chronology.
MARKET THEMES
Relevant award themes
University of LincolnFORVIS MAZARS LLPinternal audit servicesauditing servicespublic procurementFind a TenderUK higher education
COMMON QUESTIONS
About this award
Who won the University of Lincoln internal audit services contract?
FORVIS MAZARS LLP, verified against company number OC308299.
What is the published value of the contract?
The published contract value is £500,000 gross. The notice does not state whether this covers the initial term only or includes extension options.
How long is the contract?
It has an initial term from 12 October 2026 to 11 October 2029, with two optional 12-month extensions that could take it to 11 October 2031.
ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.