Agreement to provide auditing services - external audit of NSW Treasury Corporation Investment Management Funds - CNTR0010620

Contract Award Notice ID CNTR0010620

Publish Date 5-Mar-2021

Category Audit and risk

Agency Audit Office of NSW

Particulars of the goods or services to be provided under this contract

To conduct the financial audit of New South Wales Treasury Corporation Investment Management Funds on behalf of the Auditor-General for NSW, for the year-ending 30 June 2021 and 30 June 2022, with the option to extend for the years ending 30 June 2023 and 30 June 2024.

Original Contract Duration 12-Feb-2021 to 31-Oct-2022

Amended Contract Duration 14-Dec-2022 to 30-Jun-2024

Contract Award Notice Details

Contractor Name Ernst & Young Services
ACN 288172749
ABN 75 288 172 749
Is an Aboriginal or Torres Strait Islander owned business No
Street Address 200 George Street
Town/City Sydney
State/Territory NSW
Postcode 2000
Country AUSTRALIA

Related RFT ID
RFT 08.2020

Other private sector entities involved in, with an interest in or benefiting from this contract

Not Applicable

Estimated amount payable to the contractor (including GST)

$1,646,124.00 (Goods or services supplied)

Amended estimated amount payable to the contractor (including GST)

$4,106,616.00 (Goods or services supplied)

Any provisions for payment to the contractor for operational or maintenance services

Not Applicable

Method of Tendering

Open

Description of any provision under which the amount payable to the contractor may be varied

Unforseeable scope changes required to meet compliance obligations otherwise the annual fee increase is set at the lower of Consumer Price Index - All Group Sydney (ABS Catalogue 6401.0) or 2.5 per cent.

Description of any provisions under which the contract may be renegotiated

Nil

Summary of the criteria against which the various tenders were assessed

Evaluation Criteria	Weighting
Auditee knowledge and industry risk assessment	10
Engagement risk assessment	15
Experience in auditing large, complex investment management funds	15
Innovation	10
Price	20
Specialist and quality review	10
Team resourcing	10
Working with the Auditor-General and the Audit Office	10

Contract Contains Agency 'PiggyBack' Clause

Industrial Relations Details for this Contract

Name of Sub-contractors (incl. ABN & ACN)

Not Applicable

Applicable Industrial Instruments

Not Applicable

Location of Work

Sydney

NSW Industrial Relations inspectors routinely audit the employment records of contractors and sub-contractors to all NSW Government contracts. The results of these inspections are published on the NSW Industrial Relations website.

Agency Contact Procurement

Street Address Level 19, Tower 2 Darling Park 201 Sussex Street

Town/City Sydney

State/Territory NSW

Postcode 2000

Country AUSTRALIA

Phone Number +61292757100

Email Address procurement@audit.nsw.gov.au