Award

Lease Advisory Services

DURHAM COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

25 May 2022 at 15:48

Award Notice
Summary of the contracting process

The procurement process for the "Lease Advisory Services" contract has been completed, managed by Durham County Council, a local authority based in Durham, England. This contract falls under the industry category of business services, particularly focused on law, marketing, consulting, and recruitment. The award was announced on 25th May 2022, with a total value of £120,000. The contract period will run from 1st July 2022 to 30th June 2026, encapsulating services such as lease management and advisory related to various asset types. Notably, the procurement was initiated as a tender process, and the details of the contract have been shared through the council’s communication channels.

This tender presents significant opportunities for businesses specialising in lease advisory and management services, particularly those capable of providing strategic insights, technical advice, and capital planning. Small and medium enterprises (SMEs) may find this a particularly suitable competitive space, given that the purchasing authority has expressed a preference for supporting such businesses. Suppliers experienced in leasing strategies, market developments, and staff training will likely thrive in this environment, positioning themselves to contribute effectively to the needs outlined by Durham County Council.

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Notice Information

Notice Title

Lease Advisory Services

Notice Description

The primary objective of the contract is to provide leasing advisory services (advice and guidance on existing and new lease arrangements), lease brokering services, capital planning and options appraisal services, lease portfolio management, capital finance advisory services, new asset financing advisory services, new and existing asset financing, and leasing training (where it may be required). This will include: * Leasing Strategy * Technical and accounting advice on equipment and property leases * Alternative finance products and solutions * Market news and developments * Staff training * A commercially sound facility to provide for acquisition of leased assets and equipment Lease facilities will be required for vehicle fleet, specialist vehicles, ICT, plant, general equipment, and any other asset type the Council may require.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2683c67f-7241-4907-9fde-c25e7ab15291
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ad2f1105-e5d2-41b5-9290-b76f25326371
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not applicable
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
£120,000 £100K-£500K
Lots Value
Not specified
Awards Value
£120,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
25 May 20223 years ago
Submission Deadline
16 May 2022Expired
Future Notice Date
Not specified
Award Date
24 May 20223 years ago
Contract Period
30 Jun 2022 - 30 Jun 2026 4-5 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
DURHAM COUNTY 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
DURHAM
Postcode
DH1 5UL
Post Town
Durham
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC41 Durham
Delivery Location
TLC North East (England)
Local Authority
County Durham
Electoral Ward
Neville's Cross
Westminster Constituency
City of Durham

Supplier Information

Number of Suppliers
1
Supplier Name

LINK TREASURY SERVICES

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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