Award

Minimum Revenue Provision Operating Model Review

SHEFFIELD CITY COUNCIL

This public procurement record has 1 release in its history.

Award

28 Nov 2024 at 17:08

Summary of the contracting process

Sheffield City Council has concluded the procurement process for reviewing the calculation of the Capital Financing Requirement (CFR) and the Minimum Revenue Provision (MRP) to ensure a prudent MRP charge to the revenue account. The tender, titled "Minimum Revenue Provision Operating Model Review," falls under the Financial and insurance services category (CPV code 66000000) and pertains to the Yorkshire and the Humber region in the United Kingdom. The procurement was conducted through a direct award method and the awarded contract period extends from 29th November 2024 to 31st March 2025. The contract, valued at GBP 215,000, was awarded to Link Group Treasury Services.

This tender presents significant opportunities for businesses specialising in financial services, particularly those with expertise in public sector financial management and consultancy. Small and medium-sized enterprises (SMEs) would find such contracts particularly beneficial for growth and expansion, as the project entails specialised financial analysis and consultancy services. Engaging in this contract will allow businesses to demonstrate their capabilities in delivering critical financial review services, potentially leading to further opportunities within the public sector. The focus on prudently managing the MRP also aligns with fiscal responsibility and strategic financial planning, ensuring a sustainable business relationship with Sheffield City Council.

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Notice Title

Minimum Revenue Provision Operating Model Review

Notice Description

Review the calculation of the Capital Financing Requirement (CFR) and the Minimum Revenue Provision (MRP) to ensure a prudent MRP charge to the revenue account.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-777a5bb4-f1ae-479a-b984-1c8e89d9bae8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ad7b1c3c-9c16-4fe7-ad39-321de4460102
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
£215,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
28 Nov 20241 years ago
Submission Deadline
15 Nov 2024Expired
Future Notice Date
Not specified
Award Date
27 Nov 20241 years ago
Contract Period
29 Nov 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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