Tender

Contract for Lease Management Advice and Accounting Software for IFRS16

GATESHEAD COUNCIL

This public procurement record has 2 releases in its history.

TenderAmendment

16 Feb 2022 at 12:12

Tender Notice
Tender

15 Feb 2022 at 16:01

Tender Notice
Summary of the contracting process

Gateshead Council is currently conducting a procurement process for the contract titled "Contract for Lease Management Advice and Accounting Software for IFRS16". This initiative falls within the services industry, specifically focusing on lease management and accounting compliance with the IFRS16 standard. The procurement method being utilised is an open procedure, with the tender submission period ending on 3rd March 2022. The anticipated contract period is set to begin on 25th April 2022 and run until 24th October 2026, with a total estimated value of £58,000. The primary location for this contract is Gateshead, England, specifically identified by the postal code NE8 1HH.

This tender presents significant growth opportunities for businesses specialising in lease management consultancy and financial software solutions. Small and medium-sized enterprises (SMEs) are encouraged to participate, particularly those with experience in accounting software development and lease management projects. Competitors that can provide comprehensive advice on lease conversion and furnish compatible software will find this tender particularly aligned with their services. Engaging in this contract could enhance a business's portfolio and establish a long-term partnership with a local authority.

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Notice Information

Notice Title

Contract for Lease Management Advice and Accounting Software for IFRS16

Notice Description

Gateshead Council is looking to procure a lease management advice service and an accounting software which is compliant with the new IFRS16 accounting standard. The new standard requires the Council to account for leases under a single accounting model, bringing almost all leases 'on balance sheet' and recognising a right of use asset and a lease liability. Advice and guidance would be required to manage the conversion of existing leases, as well as recording any new leases on an ongoing basis; additional to this any software must have the ability to produce the necessary figures and notes for inclusion in the annual statutory accounts. At present there is no central register of leases held within the Council. Each Service holds the relevant leases taken out in relation to their business processes. Tender submissions must be supplied electronically via the e-tender system. Suppliers must submit one copy of their tender electronically, with any additional documents required or requested. Documents must be compatible with Microsoft Office or Adobe/PDF. The Council communicate through the NEPO Portal e-tendering system; therefore all correspondence regarding this Tender will be issued to the named person registered on the NEPO Portal. It is the Suppliers responsibility to ensure the correct named person is registered on the NEPO Portal. If guidance is required on how to submit your response through the NEPO Portal, please visit the NEPO website training section at https://www.nepo.org/suppliers/learn to access the Navigating the Portal suite of videos. These also include useful information on how to manage your online ProContract account.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5cb9dae2-1f8e-4e40-962c-f388bda976a2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/59107f0c-46df-4299-87de-f5eff66b2e22
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 (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48220000 - Internet and intranet software package

48440000 - Financial analysis and accounting software package

Notice Value(s)

Tender Value
£58,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
16 Feb 20224 years ago
Submission Deadline
3 Mar 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
24 Apr 2022 - 24 Oct 2026 4-5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
GATESHEAD COUNCIL
Contact Name
Paul Millar
Contact Email
paulmillar@gateshead.gov.uk
Contact Phone
07712692787

Buyer Location

Locality
GATESHEAD
Postcode
NE8 1HH
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
Not specified
Local Authority
Gateshead
Electoral Ward
Bridges
Westminster Constituency
Gateshead Central and Whickham

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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