Award

VALUATIONS FOR CAPITAL ACCOUNTING

GOSPORT BOROUGH COUNCIL

This public procurement record has 2 releases in its history.

Award

24 Feb 2025 at 15:02

Award Notice
Tender

10 Dec 2024 at 15:40

Tender Notice
Summary of the contracting process

Gosport Borough Council has completed the procurement process for the service of valuations for capital accounting purposes under the title "VALUATIONS FOR CAPITAL ACCOUNTING". This tender, classified under the Financial and Insurance Services industry category (CPV code 66000000), involves the valuation of assets following the IFRS-based Code of Practice on Local Authority Accounting and the RICS Red Book standards. The buying organisation, Gosport Borough Council, is located in Gosport, United Kingdom. The procurement method utilised was an open procedure, with key stages including the tender period ending on 17 January 2025, the contract starting on 17 February 2025, and ending on 31 March 2028. The contract was awarded to Bruton Knowles on 11 February 2025.

This tender presents substantial opportunities for business growth, particularly for small and medium-sized enterprises (SMEs), as it features service provision aligned with crucial IFRS standards. Companies with expertise in financial and insurance services, particularly those that specialise in valuations and capital accounting, would find this contract beneficial. The procurement process also facilitates fair competition through its open procedure, providing a transparent and accessible platform for qualified businesses to vie for government contracts, thus encouraging an inclusive market environment. This engagement with Gosport Borough Council can help businesses enhance their portfolios and establish long-term relationships with public sector clients.

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Notice Information

Notice Title

VALUATIONS FOR CAPITAL ACCOUNTING

Notice Description

Gosport Borough Council is inviting contractors to submit a tender for the provision of a service for the valuation of assets for capital accounting purposes in accordance with the International Financial Reporting Standards (IFRS) - based Code of Practice on Local Authority Accounting, published by Cipfa and the RICS Red Book and accounting for leases following IFRS16.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ac53583b-f166-4747-a2a6-312cab29cea2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0ce49d78-4c1b-4919-9f32-c9403bfddd8b
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
SME

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
£65,407 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Feb 202512 months ago
Submission Deadline
17 Jan 2025Expired
Future Notice Date
Not specified
Award Date
11 Feb 20251 years ago
Contract Period
17 Feb 2025 - 31 Mar 2028 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
GOSPORT BOROUGH 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
GOSPORT
Postcode
PO12 1EB
Post Town
Portsmouth
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ35 South Hampshire
Delivery Location
Not specified
Local Authority
Gosport
Electoral Ward
Harbourside & Town
Westminster Constituency
Gosport

Supplier Information

Number of Suppliers
1
Supplier Name

BRUTON KNOWLES

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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