Award

IFRS16 Transition Review

SHEFFIELD CITY COUNCIL

This public procurement record has 1 release in its history.

Award

18 Dec 2024 at 11:36

Summary of the contracting process

Sheffield City Council, headquartered in Sheffield, has completed the procurement process titled "IFRS16 Transition Review" under the financial and insurance services industry category. The procurement aimed to source an external company to review eight Service Concession Arrangements for re-measurement under IFRS 16. This direct award was granted to Link Group Treasury Services, with the award notice published on 18th December 2024. The contract is scheduled to commence on 16th December 2024 and conclude by 31st March 2025, covering the Yorkshire and the Humber region in the United Kingdom.

This tender offers significant business opportunities, especially for companies providing financial and insurance services. Small to medium-sized enterprises (SMEs) are particularly encouraged to track similar opportunities for growth, as the procurement needs align well with niche service offerings in financial compliance and auditing sectors. Businesses with established expertise in IFRS 16 and service concession arrangements would be well-suited to compete in similar future tenders from local government bodies like Sheffield City Council.

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Notice Title

IFRS16 Transition Review

Notice Description

Sheffield City Council require an external company to undertake a review of eight Service Concession Arrangements that will require re-measurement under IFRS 16.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7274fe87-39bc-48a8-9349-5e2b53d546d3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/13e59eaa-0629-4145-a7a8-aef3fbb035ef
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£48,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Dec 20241 years ago
Submission Deadline
12 Dec 2024Expired
Future Notice Date
Not specified
Award Date
11 Dec 20241 years ago
Contract Period
16 Dec 2024 - 31 Mar 2025 1-6 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
SHEFFIELD CITY 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
SHEFFIELD
Postcode
S1 2HH
Post Town
Sheffield
Country
England

Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE32 Sheffield
Delivery Location
TLE Yorkshire and The Humber

Local Authority
Sheffield
Electoral Ward
City
Westminster Constituency
Sheffield Central

Supplier Information

Number of Suppliers
1
Supplier Name

LINK GROUP TREASURY SERVICES

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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