Award

IFRS 16 Modelling for PFI contracts

WEST NORTHAMPTONSHIRE COUNCIL

This public procurement record has 1 release in its history.

Award

13 Aug 2024 at 12:15

Summary of the contracting process

West Northamptonshire Council has awarded a contract titled "IFRS 16 Modelling for PFI contracts" in the industry category of accounting services. The procurement stage is an award, with the contract running from 1st April 2024 to 31st March 2025. The contract is valued at £60,000. The service involves ensuring the council's PFI contracts comply with new IFRS 16 regulations, a specialist area of accounting. The contracting authority is located in Northampton (postal code NN1 1ED). The procurement method was "Other - Waiver," indicating a specialised and direct approach given the limited supplier options and the urgency of the requirement.

This contract offers significant opportunities for firms specialising in accounting services, particularly those experienced with IFRS regulations and PFI contracts. Suitable businesses should have a track record in this niche financial regulation area, and small to medium-sized enterprises (SMEs) as well as voluntary, community, and social enterprises (VCSE) are encouraged to explore this opportunity. Given the contract’s specificity and the expertise required, businesses with a strong history of delivering compliant accounting services in a timely manner would be well-positioned to benefit.

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Notice Title

IFRS 16 Modelling for PFI contracts

Notice Description

Contract to ensure that West Northants Statement of accounts (specifically PFI contracts) were compliant with the new IFRS 16 regulations. Chosen supplier has worked closely with WNC on the PFI contracts for several years and would not be value for money if approached any other supplier. This is a specialist area of accounting and there are few suppliers that could deliver the service in the time required.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5413b6fb-bff4-435d-b855-2934ae81efd6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fe80c06d-d041-475e-a285-2d65224515ce
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 - Waiver
Tender Suitability
SME, VCSE
Awardee Scale
Large

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
£60,000 Under £100K
Lots Value
Not specified
Awards Value
£60,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
13 Aug 20241 years ago
Submission Deadline
30 Mar 2024Expired
Future Notice Date
Not specified
Award Date
31 Mar 20241 years ago
Contract Period
31 Mar 2024 - 31 Mar 2025 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
WEST NORTHAMPTONSHIRE 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
NORTHAMPTON
Postcode
NN1 1ED
Post Town
Northampton
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF24 West Northamptonshire
Delivery Location
Not specified

Local Authority
West Northamptonshire
Electoral Ward
Castle
Westminster Constituency
Northampton North

Supplier Information

Number of Suppliers
1
Supplier Name

RSM UK CORPORATE FINANCE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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