Award

Business Rate Revenue Forecasting and Income Maximisation Service

LONDON BOROUGH OF MERTON

This public procurement record has 1 release in its history.

Award

07 Oct 2020 at 08:59

Award Notice
Summary of the contracting process

The London Borough of Merton has completed a procurement process for the "Business Rate Revenue Forecasting and Income Maximisation Service," falling under the financial consultancy services category, with a tender period that ended on 26 June 2020. The awarded contract is valued at £45,000 and will run from 12 October 2020 until 11 October 2022. This service aims to provide the Council with analyses of outstanding business rates appeals to better understand future income risks related to rateable value reductions. The procurement method was classified as 'Other', and the contract is now awarded to Inform CPI Ltd.

This tender represents a significant opportunity for businesses specialising in financial consultancy and data analysis services, particularly those that focus on local government engagements. Companies capable of providing in-depth analyses and forecasting related to business rates will be positioned strongly in this sector, especially small to medium-sized enterprises (SMEs) looking to expand their public sector portfolios. This contract promotes business growth by requiring expertise in navigating complex financial data and projections that can greatly assist the Council in risk assessment and income maximisation.

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Notice Information

Notice Title

Business Rate Revenue Forecasting and Income Maximisation Service

Notice Description

There is a requirement to complete the government returns which requires the Council to estimate the impact of outstanding rateable value appeals on its estimated income. The Council needs to understand and calculate its future income risk in terms of reductions in rateable values. The provider will analyse the outstanding business rates appeals data and provide the Council with a comprehensive review and report of potential changes to rateable values and loss of income for both retrospective and future changes. This should be available on a case by case basis and include the valuation category, financial year and individual property details, where appropriate.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-46965201-1261-40fd-af94-85b78e4bfee0
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b169ffd4-58d0-49f8-ad0e-cf819c083e57
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
Other -
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

72 - IT services: consulting, software development, Internet and support

CPV Codes

66171000 - Financial consultancy services

72316000 - Data analysis services

Notice Value(s)

Tender Value
£45,000 Under £100K
Lots Value
Not specified
Awards Value
£45,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Oct 20205 years ago
Submission Deadline
26 Jun 2020Expired
Future Notice Date
Not specified
Award Date
4 Oct 20205 years ago
Contract Period
11 Oct 2020 - 11 Oct 2022 1-2 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
LONDON BOROUGH OF MERTON
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MORDEN
Postcode
SM4 5DX
Post Town
Sutton
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI63 Merton, Kingston upon Thames and Sutton
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
Merton
Electoral Ward
Merton Park
Westminster Constituency
Wimbledon

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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