The Police Service of Northern Ireland (PSNI) requires a Service Provider to plan and deliver a fully outsourced internal audit service which is compliant with HM Treasury Government Internal Audit Standards (GIAS) and any subsequent revisions to those Standards during the period of the contract.
The contract is set to commence from 1st July 2013 for an initial period of 36 months which will expire on 30th June 2016. There will be an option to extend the contract for two further periods of up to 12 months each subject to review.
The estimated Internal Audit budget for the first 3 years of the contract is £300k per annum. In addition it is anticipated that PSNI requires the flexibility to call off additional days up to 15% of the number of days included in the Internal Audit Annual Operational Plan.