External Audit - Queen Margaret University

What this is

Queen Margaret University (Musselburgh) is appointing an external audit firm for the full statutory audits of the University and QMU Enterprises Ltd for financial years 2026/27-2028/29 (year end 31 July), with the Edinburgh Innovation Park joint venture considered at group level but not audited. Initial 3-year term with up to two 1-year extensions; accounts must reach the Scottish Funding Council by 31 December each year. Open procedure via PCS-Tender (project 32108).

Key points

• Statutory external audit of QMU + QMU Enterprises for 3 financial years
• Deadline 17 July 2026 17:00 via PCS-Tender (project 32108)
• Technical 70% / price 30% — audit quality leads
• Hard timetable: SFC filing by 31 December each year
• JV (Edinburgh Innovation Park) considered at group level, not audited
• 3 years + up to 2x1-year extensions

Who can bid

Open procedure on PCS-Tender (project 32108); statutory audit capability for a university group (incl. a subsidiary and JV group considerations), PL GBP 2m insurance and prompt-payment evidence.

• PL GBP 2m
• registered statutory auditor

How it is scored

Quality 70% · Price 30% Technical 70% / price 30%.

Money

No estimated value published; multi-year audit engagement covering two entities.

Performance guarantee

Audit timetable must support submission of annual accounts to the Scottish Funding Council by 31 December each year.

How to submit

Via PCS-Tender by 17 July 2026 17:00.

Clarifications

Through PCS-Tender messaging for project 32108.

Contract period

3 years (FY26/27-FY28/29 audits) + up to 24 months of extensions in 1-year increments.

Classification

CPV 79212100 — Financial auditing services 79212300 — Statutory audit services Scotland