Award

Asset Valuation

PENSION PROTECTION FUND

This public procurement record has 1 release in its history.

Award

26 Jan 2017 at 16:23

Summary of the contracting process

The Pension Protection Fund is seeking to appoint a provider for asset valuation services, primarily focusing on valuing investments in private companies for balance sheet compliance. This procurement falls under the financial consultancy services sector and is situated in Croydon, England. The tender process commenced with an end date for submissions on 22nd July 2016 and resulted in an award on 5th September 2016, with the contract period running from 10th October 2016 to 30th September 2018. The total value of the contract is £150,000, and it was awarded to PwC LLP.

This tender presents a valuable opportunity for financial consultancy firms, particularly small and medium-sized enterprises (SMEs) with expertise in asset valuation and compliance with international financial reporting standards. Companies that specialise in providing valuation services to investment funds and have a track record of working with large clients are particularly well-suited to compete for similar contracts, helping them to expand their market presence and client portfolio.

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Notice Title

Asset Valuation

Notice Description

The PPF is looking to appoint a provider of asset valuation services to value its investments in these private companies - usually equity, but occasionally loans and other forms of investment - purely for balance sheet purposes. The provider will be required to produce fair value valuations in accordance with international financial reporting standards and international valuation standards.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-59e69e71-7515-4ece-9909-e13510f285e1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ff64d491-a177-4857-82b0-63d910560512
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
£150,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
26 Jan 20179 years ago
Submission Deadline
22 Jul 2016Expired
Future Notice Date
Not specified
Award Date
4 Sep 20169 years ago
Contract Period
9 Oct 2016 - 30 Sep 2018 1-2 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
PENSION PROTECTION FUND
Contact Name
Not specified
Contact Email
commercialservices@ppf.gsi.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
CROYDON
Postcode
CR0 2NA
Post Town
Croydon
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI62 Croydon
Delivery Location
Not specified

Local Authority
Croydon
Electoral Ward
Fairfield
Westminster Constituency
Croydon West

Supplier Information

Number of Suppliers
1
Supplier Name

PWC

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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