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

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

This evaluation ratio for an audit services procurement is consistent with other recently let public sector audit procurement contracts. Our market intelligence was that firms will not engage with bodies that do not value audit and use ratios that use 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 consultation.