Tender

Asset Valuations for Statutory Financial Reporting

CHERWELL DISTRICT COUNCIL

This public procurement record has 1 release in its history.

Tender

06 Oct 2023 at 17:47

Summary of the contracting process

The Cherwell District Council is seeking asset valuations for statutory financial reporting. The procurement falls under the services category, with a deadline for tender submissions set for 9th November 2023. The contract period runs from 1st December 2023 to 30th November 2026. The buying organisation, Cherwell District Council, is based in Banbury, ENG, and the procurement method is an open procedure.

This tender opportunity for asset valuations presents a chance for qualified valuation professionals to engage with Cherwell District Council on a 3-year valuation schedule. Businesses providing accounting review services are well-suited to compete for this tender with a specific focus on maintaining current and accurate asset valuations in compliance with financial reporting standards.

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Notice Title

Asset Valuations for Statutory Financial Reporting

Notice Description

Under the CIPFA Code of Practice on Local Authority Accounting, Cherwell District Council (CDC) is required to undertake professional valuation of any asset it holds under the revaluation model (IAS16 and IAS40, as adapted by the CIPFA code) for financial reporting purposes. The valuations are required to be undertaken by suitably qualified valuation professionals and at a frequency that ensures the book values declared in the Council's accounts are current and materially accurate. The council intends to operate a 3-year valuation schedule to ensure that the values remain current and materially correct.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-593bf06b-b69c-4dee-a6b9-1844999f7db9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/88377fbc-c926-4ebe-a4a1-fed8fb2f00d0
Current Stage
Tender
All Stages
Tender

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79212500 - Accounting review 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 Oct 20232 years ago
Submission Deadline
9 Nov 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Dec 2023 - 30 Nov 2026 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
CHERWELL DISTRICT 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
BANBURY
Postcode
OX15 4AA
Post Town
Oxford
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ14 Oxfordshire CC
Delivery Location
Not specified

Local Authority
Cherwell
Electoral Ward
Adderbury, Bloxham and Bodicote
Westminster Constituency
Banbury

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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