Award

PFI Finance Model

LIVERPOOL CITY COUNCIL

This public procurement record has 2 releases in its history.

Award

20 Mar 2025 at 09:17

Award Notice
Tender

21 Feb 2025 at 14:44

Tender Notice
Summary of the contracting process

Liverpool City Council has completed the procurement process for updating its accounting models used for PFI contracts to comply with the new IFRS 16 standard. The contract, titled "PFI Finance Model," falls under the industry category of accounting services and is valued at £27,000. The procurement utilized an open procedure with the tender period having closed on 3 March 2025. The contract will be carried out in England, United Kingdom, with the awarding of the contract made official on 19 March 2025. The contract period is set to commence on 11 April 2025 and conclude on 10 April 2027.

This procurement offers substantial opportunities for businesses specialising in financial and accounting services, particularly those capable of working with PFI contracts and familiar with IFRS 16 standards. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) would find this tender especially beneficial given its suitability specifications. Companies like Arlingclose Ltd, the actual awarded supplier, demonstrate that well-equipped SMEs with niche expertise have a competitive edge in such processes, paving the way for substantial business growth and positioning within public sector contracting.

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Notice Information

Notice Title

PFI Finance Model

Notice Description

The Council are looking to obtain specialist financial services to enable its three accounting models that are currently used to account for PFI contracts to be updated and made compliant with the new accounting standard for Leases (IFRS 16).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1f7b3e02-2b16-4d76-9c68-3362d68bbc30
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/10f819de-bc9e-47fb-be53-bd4a35a32d9d
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79211000 - Accounting services

Notice Value(s)

Tender Value
£27,000 Under £100K
Lots Value
Not specified
Awards Value
£27,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Mar 202511 months ago
Submission Deadline
3 Mar 2025Expired
Future Notice Date
Not specified
Award Date
19 Mar 202511 months ago
Contract Period
20 Mar 2025 - 10 Apr 2027 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LIVERPOOL CITY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LIVERPOOL
Postcode
L3 1DS
Post Town
Liverpool
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Liverpool
Electoral Ward
Waterfront South
Westminster Constituency
Liverpool Riverside

Supplier Information

Number of Suppliers
1
Supplier Name

ARLINGCLOSE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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