CPT_25_18 DRC valuations of Environment Agency operational assets

Award

Value

£150,000

Classifications

  • Accounting and auditing services

Tags

  • award

Submission Deadline

9 months ago

Published

7 months ago

Description

The National Audit Office (NAO) awarded a contract to Ridge & Partners LLP who will be expected to provide civil engineering cost estimation expertise to assist with our review of the assumptions underpinning the Environment Agency's March 2025 valuation of its operational assets.

This contract has been direct awarded using Lot 1: Business of Crown Commercial Services Management Consultancy Framework Three (MCF3).

The new contract will run for an initial period of 2 years from Thursday 1st May 2025 until Friday 30th April 2027, with the option to further extend for a period of up to 3 years (by 3 periods of 12 months) until Tuesday 30th April 2030 at the NAO's discretion. The estimated contract value will be £150,000 inclusive of VAT over the 5 years duration.

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Endowment Fund & Patients Private Funds Audit

NHS Greater Glasgow and Clyde Healthcare Charity (formally known as the NHSGGC Endowment Fund) is a charity registered with OSCR (SC005895) comprising in excess of 1700 restricted/unrestricted individual funds for the benefit of patients and staff. Charitable Endowment Funds: Endowment funds are defined as money or property donated to the Health Board and held in trust for such purposes relating to services provided under the National Health Service (Scotland) Act 1978 or in relation to hospitals, or to the functions of the Board with respect to research, as the Board may think fit. Funds are used for equipment, patients’ comforts and amenities, research, and training together with the provision of extra facilities and opportunities not available from government funding. The Boards Endowment Fund had total net assets of GBP103.6m as of 31st March 2025 and expenditure amounted to GBP14.1m. Patients Private Funds: NHSGGC administers GBP2.5 million Patients’ Private Funds (PPF) on behalf of around 500 of its patients. Many of these patients are incapable of managing their own affairs, and are covered by the Adults with Incapacity (Scotland) Act 2000, but others choose to use the service voluntarily because of the convenience, or because infirmity or frailness makes the use of normal banking arrangements impractical. The Board is responsible for ensuring proper accounting records are maintained, which disclose with reasonable accuracy at any time the financial position of the PPF and for safeguarding the assets held on behalf of the patients, including taking reasonable steps for the prevention and detection of fraud and other irregularities. Both the Charitable Endowment Funds and the PPF are required to be independently audited in accordance with approved auditing standards. Consequently NHSGGC is required to conduct a regulated procurement exercise to appoint a regulated independent auditor that will provide this service.

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