Section one: Contracting authority
one.1) Name and addresses
Cherwell District Council
Bodicote House, White Post Road
Banbury
OX15 4AA
Contact
Mike Sullivan
Michael.Sullivan@cherwell-dc.gov.uk
Telephone
+44 1295227940
Country
United Kingdom
Region code
UKJ14 - Oxfordshire
National registration number
n/a
Internet address(es)
Main address
Buyer's address
https://uk.eu-supply.com/ctm/Company/CompanyInformation/Index/146564
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://uk.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=73587&B=CHERWELL
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
https://uk.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=73587&B=CHERWELL
Tenders or requests to participate must be submitted to the above-mentioned address
one.4) Type of the contracting authority
Regional or local authority
one.5) Main activity
General public services
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Asset Valuations for Statutory Financial Reporting
Reference number
23PROC090
two.1.2) Main CPV code
- 79212500 - Accounting review services
two.1.3) Type of contract
Services
two.1.4) Short description
Under the CIPFA Code of Practice on Local Authority Accounting, Cherwell District Council (CDC) is required to undertake professional valuation of any asset it holds under the revaluation model (IAS16 and IAS40, as adapted by the CIPFA code) for financial reporting purposes. The valuations are required to be undertaken by suitably qualified valuation professionals and at a frequency that ensures the book values declared in the Council’s accounts are current and materially accurate. The council intends to operate a 3-year valuation schedule to ensure that the values remain current and materially correct.
two.1.5) Estimated total value
Value excluding VAT: £208,333
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.2) Additional CPV code(s)
- 79212500 - Accounting review services
two.2.3) Place of performance
NUTS codes
- UKJ14 - Oxfordshire
- UK - United Kingdom
Main site or place of performance
Oxfordshire
two.2.4) Description of the procurement
Under the CIPFA Code of Practice on Local Authority Accounting, Cherwell District Council (CDC) is required to undertake professional valuation of any asset it holds under the revaluation model (IAS16 and IAS40, as adapted by the CIPFA code) for financial reporting purposes. The valuations are required to be undertaken by suitably qualified valuation professionals and at a frequency that ensures the book values declared in the Council’s accounts are current and materially accurate. The council intends to operate a 3-year valuation schedule to ensure that the values remain current and materially correct.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £208,333
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
36
This contract is subject to renewal
Yes
Description of renewals
Initial contract period is 3 years with an option to extend by up to 2 years at the Council's discretion.
two.2.10) Information about variants
Variants will be accepted: No
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
Section three. Legal, economic, financial and technical information
three.1) Conditions for participation
three.1.2) Economic and financial standing
Selection criteria as stated in the procurement documents
three.1.3) Technical and professional ability
Selection criteria as stated in the procurement documents
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Date
9 November 2023
Local time
11:00am
four.2.4) Languages in which tenders or requests to participate may be submitted
English
four.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 3 (from the date stated for receipt of tender)
four.2.7) Conditions for opening of tenders
Date
9 November 2023
Local time
11:00am
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: No
six.2) Information about electronic workflows
Electronic ordering will be used
Electronic invoicing will be accepted
Electronic payment will be used
six.4) Procedures for review
six.4.1) Review body
High Court of England and Wales
London
Country
United Kingdom
six.4.2) Body responsible for mediation procedures
High Court of England and Wales
London
Country
United Kingdom
six.4.4) Service from which information about the review procedure may be obtained
High Court of England and Wales
London
Country
United Kingdom