Award

CPT_23_63 Asset Valuation

NATIONAL AUDIT OFFICE

This public procurement record has 1 release in its history.

Award

11 Jan 2024 at 10:47

Summary of the contracting process

The National Audit Office has awarded a contract for asset valuation services to Montagu Evans LLP through the Crown Commercial Services Estate Management Services framework. The contract will run from 1st January 2024 to 31st December 2027, with a possible extension until 31st December 2029. The total value of the contract is £55,000 GBP, and the procurement method used was a direct award from the framework. The National Audit Office is the buying organisation, located in London, England, operating in the services industry category.

This tender opportunity for asset valuation services by the National Audit Office presents a lucrative prospect for businesses, especially those providing statutory audit services. The procurement stage is complete, with the contract already awarded. Businesses that specialise in asset valuation or related services in the United Kingdom would find this opportunity well-suited for their competitive advantage, given the contract's duration and value. The National Audit Office's SME preference offers smaller businesses a chance to participate and potentially expand their operations through this contract.

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Notice Title

CPT_23_63 Asset Valuation

Notice Description

National Audit Office (NAO) awarded a contract to Montagu Evans LLP using Lot 5: Valuation and Compulsory Purchase Orders of Crown Commercial Services Estate Management Services framework. The selected supplier will be providing asset valuation service to the NAO and the contract will run for an initial 3 years from Monday 1st January 2024 until Friday 31st December 2027 with an optional extension period of 2 periods of up to 12 months each until Friday 31st December 2029.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-99da53a2-d87c-46a6-b0d5-6750e122ccde
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/20f10479-8074-459d-b48d-d51078d6d259
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 - Direct Award from Framework
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79212300 - Statutory audit services

Notice Value(s)

Tender Value
£55,000 Under £100K
Lots Value
Not specified
Awards Value
£55,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Jan 20242 years ago
Submission Deadline
1 Dec 2023Expired
Future Notice Date
Not specified
Award Date
15 Dec 20232 years ago
Contract Period
1 Jan 2024 - 31 Dec 2029 Over 5 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
NATIONAL AUDIT OFFICE
Contact Name
ima orosei
Contact Email
ima.orosei@nao.org.uk
Contact Phone
44 20 7798 5343

Buyer Location

Locality
LONDON
Postcode
SW1W 9SP
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
Pimlico North
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

MONTAGU EVANS

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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