UKRI Research Grants Audit Review

Description

The work is to provide an Independent Accountant's Report (IAR) to UKRI at the intervals to enable NICE to correctly claim the grant funding it receives for health research projects. All costs must be supported by an IAR and any uncertified costs will be ineligible for grant claiming. The reports are required by the UKRI depending upon the value of the grant as per this table: 
.
Value of grant	Independent Accountant Report Frequency
Up to £100,000.00	None
£100,000.01 to £500,000.00	Last claim only
£500,000.01 to £2,000,000.00	Q4 and final claim
£2,000,000.01 and above	Every Q4 and final claim

NICE currently has 9 grants which are to be covered by this contract and has been awarded them in a 2-year period, we therefore estimate the work as being 4-6 grants per year over the 5-year duration of the contract we wish to award. The successful supplier would provide the IAR for all eligible grants awarded to NICE over the contract duration.

Application via RM6188 - Lot 4 Other independent assurance