Award

COV - Investment Valuations - AWARD

COVENTRY CITY COUNCIL (COV)

This public procurement record has 2 releases in its history.

AwardUpdate

05 May 2021 at 13:08

Award

05 May 2021 at 13:07

Summary of the contracting process

The Coventry City Council has completed the procurement process for the "COV - Investment Valuations - AWARD" tender, aiming to secure external valuations of its investments in private companies for the 2020/21 financial year. The contract, valued at £50,000, is classified under evaluation consultancy services and encompasses financial management, auditing, and consultancy. The contract period runs from 7th May 2021 to 18th June 2021, with the tender process formally concluding on 16th April 2021. The main delivery address is located in Coventry, United Kingdom.

This awarded contract offers substantial opportunities for businesses specialising in financial consultancy and auditing services, particularly those with expertise in International Financial Reporting Standards. Competitors well-positioned for this procurement include established consultancy firms capable of performing thorough evaluations and assessments for local government accounts, with a focus on delivering valuable insights and strategic management decisions. Although small and medium enterprises (SMEs) and voluntary community social enterprises (VCSEs) were not deemed suitable for this contract, larger organisations like RSM, which was awarded the tender, can leverage such opportunities for growth in the public sector.

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Notice Title

COV - Investment Valuations - AWARD

Notice Description

External valuations of Coventry City Council's ("the Council") investment in private companies and an assessment of any adjustments necessary to consolidating these companies with the Council's group accounts (under International Financial Reporting Standards), to be carried out for the 2020/21 financial year accounts

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8637c2e8-ed6f-4afc-93f3-88aa425e93dd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/229d6513-684b-4d05-887a-a3737f94a6ef
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
Not applicable
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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


CPV Codes

66171000 - Financial consultancy services

79212100 - Financial auditing services

79412000 - Financial management consultancy services

79419000 - Evaluation consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£50,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
5 May 20215 years ago
Submission Deadline
16 Apr 2021Expired
Future Notice Date
Not specified
Award Date
3 May 20215 years ago
Contract Period
6 May 2021 - 18 Jun 2021 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
COVENTRY CITY COUNCIL (COV)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
COVENTRY
Postcode
CV1 2GN
Post Town
Coventry
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG33 Coventry
Delivery Location
Not specified

Local Authority
Coventry
Electoral Ward
St Michael's
Westminster Constituency
Coventry South

Supplier Information

Number of Suppliers
1
Supplier Name

RSM

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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