High quality audit services procurement at a reduced cost
An on-site Tenet Procurement Consultant completed a successful tender for internal audit services to cover all four campuses of the college.
Coleg y Cymoedd (Wales’ “College of the Valleys”) required the provision of Internal Audit Services to cover its four campus portfolio, due to the expiration of their existing contract.
Coleg y Cymoedd’s dedicated Tenet Procurement Consultant, along with Tenet’s Regional Procurement Manager for Wales, worked with the college to understand their internal governance processes and risk strategy, before recommending the most effective route to market.
Tenet completed a tender process, ensuring compliance to the DfE’s audit code of practice, as well as aligning to the college’s own specific auditing processes and needs.
Tenet delivered the project on time – supporting the college to navigate the challenging Business Services market (as a result of Covid-19). A high quality auditing contractor was appointed to deliver an appropriate number of service days, at a reduced contract cost.
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Despite the Covid-19 restrictions, we were able to complete a successful tendering process with the support of Tenet. We are really pleased with the outcome.”
Natasha Peets, Procurement Consultant at Tenet said:
Despite many FCA regulated audit companies being wary about submitting proposals for new business during Covid-19, we were able to successfully procure for this service and achieve savings.”