Award

Asset Valuation

KENT FIRE & RESCUE SERVICE

This public procurement record has 1 release in its history.

Award

20 Jan 2025 at 13:43

Summary of the contracting process

Kent Fire & Rescue Service has recently awarded a contract titled "Asset Valuation" within the Financial and Insurance Services category. The procurement process has been conducted through a selective method, specifically a call-off from a framework agreement. The contract's purpose is to provide valuations of properties for financial reporting, adhering to the Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Accounting practice and International Financial Reporting Standards. The contracting period begins on 14 January 2025 and ends on 14 January 2030, with the award announced on 20 January 2025. The valuation services will be located at ME15 6XB, Maidstone, England.

This tender presents growth opportunities for companies specialising in financial auditing and statutory audit services. Large businesses with qualified personnel familiar with the Royal Institute of Chartered Surveyors (RICS) Red Book guidelines and CIPFA Code will find this contract particularly appealing. Although the procurement process excludes Small and Medium Enterprises (SMEs) and Voluntary, Community, and Social Enterprises (VCSEs), companies capable of delivering high-quality asset valuation in compliance with stringent financial reporting standards stand to benefit substantially from this long-term contract with Kent Fire & Rescue Service. The selected supplier, Cluttons LLP, exemplifies the type of business well-suited for such opportunities.

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Notice Title

Asset Valuation

Notice Description

A valuation of the properties for financial reporting purposes. Valuations must comply with the requirements set out in the Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Accounting practice. The code is based on International Financial Reporting Standards and is updated annually to reflect developments in accounting reporting. The service must be undertaken by suitably qualified personnel who will undertake the valuations in line with professional guidance contained within the Royal Institute of Chartered Surveyors (RICS) Red Book.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-54600ba4-c144-46ca-8545-7a694bd66970
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1ce6e8ba-9291-429f-9040-6e589f54e8dc
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
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

66000000 - Financial and insurance services

79212100 - Financial auditing services

79212300 - Statutory audit services

Notice Value(s)

Tender Value
£282,265 £100K-£500K
Lots Value
Not specified
Awards Value
£282,265 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Jan 20251 years ago
Submission Deadline
8 Jan 2025Expired
Future Notice Date
Not specified
Award Date
8 Jan 20251 years ago
Contract Period
14 Jan 2025 - 14 Jan 2030 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
KENT FIRE & RESCUE SERVICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MAIDSTONE
Postcode
ME15 6XB
Post Town
Rochester
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ4 Kent
Small Region (ITL 3)
TLJ45 Mid Kent
Delivery Location
Not specified

Local Authority
Maidstone
Electoral Ward
Tovil
Westminster Constituency
Maidstone and Malling

Supplier Information

Number of Suppliers
1
Supplier Name

CLUTTONS

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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