Closed

Request for Quote: AgriFutures Australia Strategic Internal Audit Program 2025/26 – 2027/28

Tender ID: 588594


Tender Details

Organisation:
Tender #:
-  
Status:
Closed
Publish Date:
27 June 2025
Closing Date:
21 July 2025
Closing Time:
05:00 PM (Australia/NSW)

Tender Description

AgriFutures Australia invites submissions from suitably qualified individuals/organisations for the provision of the Strategic Internal Audit Program 2025/26 – 2027/28.

Background

AgriFutures Australia has a strong commitment to best practice across all business functions, including providing the AgriFutures Audit Committee with the assurance that all legislative, governance and compliance requirements are being met by the organisation.

Internal audit progress reports are included as a standing agenda item at all five Audit Committee meetings held per annum. It is expected that AgriFutures appointed Internal Auditor will attend these meetings.

AgriFutures are looking to develop an ongoing relationship with an Internal Auditor for the most competitive and comprehensive auditing services, with exceptional attention to detail, to fit the current and future needs of the organisation.

The Internal Auditor will develop in conjunction with the Audit Committee a strategic internal audit plan including integration with existing risk management and fraud control frameworks for the period 2025/26 – 2027/28. The plan will be developed once the successful provider is appointed.

The Internal Auditor will also provide recommendations regarding better business practice, including recommendations to assist management in performing its assigned tasks as efficiently as possible whilst retaining an adequate control environment.

Timeline

ActivityDate
RFQ – applications open27 June 2025
Further information via phone/video conferenceAs requested to the contact officer
Completion date of evaluation of responses7 August 2025
Presentation to AgriFutures Board for final approval of successful RFQ application15-16 September 2025
Expected execution of contract or issue of agreement26 September 2025
Date of commencement of project1 October 2025
Expected project completion date30 June 2028

Evaluation criteria

Submissions must address the following evaluation criteria:

  • Provide details of the tenderer’s internal audit capability for this engagement (including skills and experience of nominated personnel). Experience in conducting audits for Government agencies or specifically Research and Development Corporations will be highly regarded
  • It is expected that the lead auditor will have capacity to, and will commit to, attend each Audit Committee meeting (5x per annum in January/February, April, July, September, October)
  • A project budget demonstrating Value for Money
  • Professionalism of RFQ application
  • Testimonials/references including a sample of an internal audit report prepared by the tenderer.

See the full RFQ document for a full criteria and weighting breakdown.

Submitting an application

Applications for this Request for Quote must be submitted via email to the designated contact officer below.

It is expected that a contract will be awarded based on how well a respondent addresses the objectives of the RFQ. Selection will be based on the evaluation criteria.

The resultant Contract is expected to commence on 1 October 2025 and conclude on 30 June 2028.

Terms of reference

AgriFutures Australia uses standard form contracts and agreements for projects and research procured by AgriFutures Australia (please refer to https://agrifutures.com.au/contracts-and-agreements/). These contracts and agreements set out the terms on which AgriFutures Australia will engage successful applicants to carry out the project.

Applicants must be familiar with the contracts and agreements before submitting a response, and are advised to seek legal advice beforehand.

These contracts and agreements have been developed to reflect AgriFutures Australia’s statutory and other procurement responsibilities.

If you require any amendments to the standard agreement, please complete the statement of non-compliance for each of the relevant clause. AgriFutures will then assess those requests.

Applicants will be taken to have agreed to all clauses in the Research Agreement that are not referred to in a statement of non-compliance. The extent of any non-compliance will be a factor in AgriFutures Australia’s evaluation of the application.

If you require further information regarding these contracts and agreements, please contact:

Stephanie-Kate Bratton

General Counsel, AgriFutures Australia

stephanie-kate.bratton@agrifutures.com.au

Should you have any questions about the Request for Quote, please direct all enquires to the Manager, Governance and Compliance (details below) prior to 12pm AEDT on Thursday 20 July 2025.

The Manager will take questions via email. Individual responses to questions relating to the Request for Quote will not be provided. A response, along with the question, will be posted in the Frequently Asked Questions section, below, within 24 hours of receival.

Jessica Grant

Manager, Governance and Compliance

jessica.grant@agrifutures.com.au

(02) 6923 6904


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