The proposed 80% quality and 20% price evaluation ratio feels too high for the procurement

The June 2021 consultation on the draft prospectus seeks feedback on our proposal for an ITT evaluation ratio of 80% quality and 20% price.

This is an evaluation ratio for an audit services procurement and is consistent with other recently let public sector audit procurement contracts. Our market intelligence is that firms will not engage with bodies that do not value audit and use ratios that use a low quality/high price rating.

We will consider feedback provided and confirm our approach in the report which summarises the outcome of the consultation. We expect the report to be available in late August – early September.