Award

BHCC - Rates Revaluation

EAST SUSSEX COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

06 Mar 2024 at 14:36

Summary of the contracting process

The East Sussex County Council has awarded a consultancy contract for Rates Revaluation to Wilks Head & Eve LLP. The project aims to identify properties where the rateable value can be successfully challenged to create savings on business rates costs. The procurement method used was competitive quotation (below threshold), with a tender period ending on March 20, 2023. The contract period runs from April 1, 2023, to March 31, 2029, with a total value of 3.89% of the expected savings.

This tender presents an opportunity for small and medium-sized consultancy firms specialising in financial consultancy services to compete. Businesses in the South East region of the United Kingdom, particularly those with expertise in property valuation and business rates mitigation, would be well-suited to participate in this procurement process. The successful bidder will work closely with the East Sussex County Council to help mitigate their rates liability and deliver significant cost savings.

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Notice Title

BHCC - Rates Revaluation

Notice Description

As a Unitary Authority Brighton & Hove City Council owns and manages an operational portfolio across the City, which includes schools, civic buildings, libraries, sports facilities, offices, car parks, cemeteries, community buildings, leisure facilities and social care facilities all of which are occupied for the provision of council services and amenities. In addition to this, the council holds substantial commercial investment, agricultural investment and commercial seafront property portfolios, of which the council retains varying elements of control. The Council has a responsibility to pay business rates on the operational properties that it owns as well as any vacant properties within the commercial, agricultural and seafront portfolios. The new rating list comes into effect on the 1st April 2023. Current RV's for the 2017 list are based against rental values from 1st April 2015. The political and economic landscape since this time has shifted substantially, with the impact of Covid combined with interest rates at the highest they've been in decades. Early indications suggest the impact of the new rating values (based against rental values as of 1st April 2021) will be mixed across all commercial property types, with some seeing reductions, but others seeing increases. This liability represents a substantial financial constraint on the council, with business rates costs expected to be in the region of PS2.5 million in 2023/24. As such, consultancy support is required to mitigate the council's rates liability create savings by identifying properties where the rateable value can be successfully challenged.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3eb5416b-a8cb-4b87-8584-c7401e7d99b0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d1057f61-a2a2-4b38-9706-a0dc1bd6e933
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
6 Mar 20241 years ago
Submission Deadline
20 Mar 2023Expired
Future Notice Date
Not specified
Award Date
2 May 20232 years ago
Contract Period
31 Mar 2023 - 31 Mar 2029 Over 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
EAST SUSSEX 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
BRIGHTON
Postcode
BN1 1JE
Post Town
Brighton
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ21 Brighton and Hove
Delivery Location
TLJ South East (England)

Local Authority
Brighton and Hove
Electoral Ward
Regency
Westminster Constituency
Brighton Pavilion

Supplier Information

Number of Suppliers
1
Supplier Name

WILKS HEAD & EVE

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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