Why have you used a ratio of 80:20 quality to price weighting for the new contracts?

The evaluation ratio of 80% quality and 20% price for an audit services procurement is consistent with other recently let public sector audit procurement contracts. It differs from our approach to the 2017 procurement as our market intelligence was that firms would not engage with bodies that did not value audit and used ratios of a low quality/high price rating.

We considered the feedback provided and confirmed our approach to retain the 80% quality and 20% price evaluation ratio in the report summarising the outcome of the June 2021 consultation on the draft prospectus.