✓Tender information last checkedLast checked 6 Oct 2026, 12:56.
Opportunity overview
Advance is seeking proposals from firms to be the Statutory External Auditors for the Association. In accordance with our Financial regulations the Board is seeking to retender these services for a period of at least three years with an option to extend for up to a further 2 years.
The contract for the service will commence with the current financial year 2026/27, relating to the year ending 31 March 2027.
A proposal should be provided to Advance on a fixed-price basis. Advance reserves the right to accept any proposal, whether or not the lowest, or not to accept any.
Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.
Period of at least three years with an option to extend for up to a further 2 years.
The contract for the service will commence with the current financial year 2026/27, relating to the year ending 31 March 2027.
Award criteria
Description
The proposals will be evaluated against each other in an objective manner. Although cost is important, factors such as quality of service, account management and service delivery arrangements are vital.
The proposals will be evaluated by Advance to identify the contractor providing the best value for money and the best fit for the organisation.
All submitted tenders will undergo an initial screening (Stage 1) to ensure that:
• The tender has been submitted on time, is correctly completed, and materially complies with the requirements set out in the Invitation to Tender.
• The submission is sufficiently complete to allow evaluation in line with the published criteria.
• The bidder has adhered to the rules and procedures outlined in the Invitation to Tender.
Incomplete or non-compliant tenders may be excluded from further consideration at this stage.
Stage 2: Quality, Price Evaluation, and Presentations
Tenders that pass the initial screening will proceed to a detailed evaluation in accordance with our criteria and weightings and will be on the basis of:
Price (40%)
Quality of service (60%)
A shortlist of firms will be drawn up based upon the experience, expertise and proposed approach, and successful firms will be invited to make a presentation to a panel comprising Members of the Board and officers during the week as set out in the timetable.
1 published notice version reviewed by ProcuraAxis.
1 VERSION
1
094182-2026Tender notice on Find a Tender ·
PROCURAAXIS ANALYSIS
ProcuraAxis Analysis
Our approved analysis of the opportunity appears below the official tender information.
ANALYSIS PREVIEW
Opportunity intelligence at a glance
Advance Housing and Support Ltd is seeking a firm to provide statutory external audit services from financial year 2026/27, covering the year ending 31 March 2027. The initial term is at least three years, with an option to extend for up to two further years. Proposals must be fixed-price.
Who this may suit
Suitable for audit firms able to act as statutory external auditors for a housing and support association and price a multi-year engagement on a fixed-price basis.
Key points identified
Service requirementProvide statutory external audit services for the Association.Evidence: "Advance is seeking proposals from firms to be the Statutory External Auditors for the Association."
Pricing basisSubmit a fixed-price proposal.Evidence: "A proposal should be provided to Advance on a fixed-price basis."
Contract termAt least 3 years, with an option to extend for up to a further 2 years.Evidence: "the Board is seeking to retender these services for a period of at least three years with an option to extend for up to a further 2 years."
94% approved-analysis confidence4 supplier criteria identified3 risks or unknowns
ProcuraAxis structures information found in published procurement records, checks the result for consistency and publishes only approved analysis. Confidence describes the completeness and consistency of the available source information; it is not a guarantee of eligibility or contract award.
Advance Housing and Support Ltd is seeking a firm to provide statutory external audit services from financial year 2026/27, covering the year ending 31 March 2027. The initial term is at least three years, with an option to extend for up to two further years. Proposals must be fixed-price.
Who this may suit
Suitable for audit firms able to act as statutory external auditors for a housing and support association and price a multi-year engagement on a fixed-price basis.
Key deliverables
Statutory external audit services
Fixed-price proposal
Audit engagement commencing in financial year 2026/27
SUPPLIER REQUIREMENTS
4 criteria identified
Service requirement
99% confidence
Provide statutory external audit services for the Association.
View supporting evidence
"Advance is seeking proposals from firms to be the Statutory External Auditors for the Association."
Pricing basis
99% confidence
Submit a fixed-price proposal.
View supporting evidence
"A proposal should be provided to Advance on a fixed-price basis."
Contract term
99% confidence
At least 3 years, with an option to extend for up to a further 2 years.
View supporting evidence
"the Board is seeking to retender these services for a period of at least three years with an option to extend for up to a further 2 years."
Supplier eligibility
85% confidence
Firms able to provide statutory external audit services; further eligibility requirements are unknown.
View supporting evidence
The notice seeks proposals "from firms to be the Statutory External Auditors" and states no further eligibility criteria.
COMMERCIAL AND DELIVERY
Contract intelligence
Commercial
Estimated lot value
95% confidence
Up to £350,000.
View supporting evidence
Lot 1 value_amount: 350000 GBP.
Pricing model
99% confidence
Fixed price.
View supporting evidence
"A proposal should be provided to Advance on a fixed-price basis."
Award discretion
99% confidence
The buyer may accept a proposal that is not the lowest priced, or may reject all proposals.
View supporting evidence
"Advance reserves the right to accept any proposal, whether or not the lowest, or not to accept any."
Delivery
Service commencement
98% confidence
Financial year 2026/27, relating to the year ending 31 March 2027.
View supporting evidence
"The contract for the service will commence with the current financial year 2026/27, relating to the year ending 31 March 2027."
Listed delivery location region codes: UKC, UKD, UKE, UKF, UKG, UKH, UKI, UKJ and UKK.
PROCEDURE
How to respond
Opportunity status
99% confidence
Open tender.
View supporting evidence
display_status: open; source_status: active.
Procurement method
99% confidence
Below-threshold open competition.
View supporting evidence
procurement_method_details: "Below threshold - open competition".
Submission deadline
99% confidence
16 November 2026, 23:59:59 UTC.
View supporting evidence
submission_deadline: 2026-11-16T23:59:59Z.
Lot structure
95% confidence
One active lot.
View supporting evidence
Lot 1 is listed as active.
RISKS AND UNKNOWNS
Points requiring attention
Evaluation methodology
95% confidence
Unknown; the buyer explicitly states the lowest-priced proposal may not be accepted.
View supporting evidence
"Advance reserves the right to accept any proposal, whether or not the lowest"; no evaluation criteria are supplied.
Detailed scope and tender documents
95% confidence
Unknown from the supplied notice data; a bidding-document attachment is listed but its contents were not supplied.
View supporting evidence
Document A-23632 is listed as biddingDocuments, without supplied document text.
Contract value basis
90% confidence
Unclear whether the £350,000 lot value covers the initial term only or includes extension options.
View supporting evidence
Lot value is £350,000, while the notice states an initial term of at least three years plus an extension option; no value-period basis is stated.
ProcuraAxis analysis supplements, but does not replace, the original notice and tender documents. Always verify eligibility, deadlines and commercial terms with the issuing authority.
Continue in your ProcuraAxis workspaceFree account · Full approved analysis