Award

Business Rates Forecasting - AWARD

SANDWELL METROPOLITAN BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

18 Mar 2020 at 16:28

Summary of the contracting process

The Sandwell Metropolitan Borough Council is seeking to enhance its Business Rates Forecasting capabilities through an award made for a contract titled "Business Rates Forecasting - AWARD." This initiative, classified under financial consultancy services, aims to help local authorities manage the complexities of the business rates retention scheme effectively. The contract, awarded to Inform CPI Ltd, is valued at £40,000 and has a duration of four years, commencing on 14 April 2020, and concluding on 13 April 2024. The procurement method used for this contract was an open procedure, with the tender period having ended on 18 February 2020.

This contract presents significant opportunities for businesses in the financial consultancy sector, particularly those specialising in revenues forecasting and financial auditing services. Companies capable of providing detailed analysis and support for business rates management, including those experienced in small business rates relief audits, would be particularly well-suited to compete for similar opportunities in the future. Engaging in such tenders allows firms to establish long-term partnerships with local authorities, offering a pathway to growth within the public sector market.

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Notice Title

Business Rates Forecasting - AWARD

Notice Description

Business Rates Forecasting Business Rates localisation presents a variety of challenges for local authorities in relation to the calculation and forecasting of the various elements of the business rates retention scheme. As an authority participating in the rates retention pilot scheme in Sandwell we currently retain 100% of the income generated through Business Rates. It is crucial that we are able to manage our rating list effectively, forecast changes which may affect net collectable debit and maximise growth through the early identification of commercial properties in the area. Rates avoidance is a serious concern especially in the current climate and it is important that efforts are made to validate reductions applied as much as possible. In Sandwell large numbers of hereditaments receive Small Business Rates Relief but this will no longer apply if a company/organisation has more than one business in the same name. Sandwell MBC therefore require a company who can provide: o Revenues Forecasting o RV Finder o Small Business Rates Relief Audit The contract duration is for 4 years from 14 April 2020 - 13 April 2024. The Council will be using the In-tend e-Tendering System for this Procurement exercise, please visit https://in-tendhost.co.uk/sandwellmbc to access the Sandwell MBC In-tend Supplier Portal. From here you will be able to register your company, express an interest in the opportunity, and gain immediate access to the ITT and other related documents. In Order To View the documents and Submit a Tender, you will be required to' Opt-In'. For a Step by Step user guide to the Sandwell MBC In-tend Supplier Portal please click on the 'Guidance for Suppliers' section of the website. All procurement responses must be carried out via the Sandwell MBC In-tend Supplier Portal. If you require further assistance in respect of the system please contact the In-tend support team on 0844 272 8810. Closing date: Tuesday 18 February 2020 at 12:00 noon.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-28851247-1fbb-4774-8b42-39dae84c0299
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/81b0c56e-f407-4945-8172-b8046f35d498
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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


CPV Codes

66171000 - Financial consultancy services

79212100 - Financial auditing services

79212500 - Accounting review services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£153,000 £100K-£500K
Lots Value
Not specified
Awards Value
£40,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Mar 20205 years ago
Submission Deadline
18 Feb 2020Expired
Future Notice Date
Not specified
Award Date
18 Mar 20205 years ago
Contract Period
13 Apr 2020 - 13 Apr 2024 4-5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SANDWELL METROPOLITAN BOROUGH 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
WEST MIDLANDS
Postcode
B69 3DB
Post Town
Birmingham
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG37 Sandwell
Delivery Location
TLG West Midlands (England)

Local Authority
Sandwell
Electoral Ward
Oldbury
Westminster Constituency
West Bromwich

Supplier Information

Number of Suppliers
1
Supplier Name

INFORM CPI

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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