Award

NNC Asset and Insurance Programme 2023-2028

NORTH NORTHAMPTONSHIRE COUNCIL

This public procurement record has 1 release in its history.

Award

29 May 2024 at 13:20

Award Notice
Summary of the contracting process

The North Northamptonshire Council has awarded a contract for the NNC Asset and Insurance Programme 2023-2028 to Wilks Head & Eve LLP. The procurement process involved selective procurement through a call-off from a framework agreement. The contract, valued at £290,905 GBP, covers financial and insurance services in the East Midlands region of the United Kingdom. The tender period ended on December 29, 2023, with the contract set to run from December 31, 2023, to December 30, 2028.

This tender presents an opportunity for businesses involved in financial and insurance services to collaborate with North Northamptonshire Council. Small and medium-sized enterprises are highlighted as suitable suppliers for this contract. Given the nature of the asset and insurance valuations required, companies with expertise in financial assessments and property valuations would be well-suited to compete. The awarded contract can support business growth and market visibility for successful bidders over the 5-year contract period.

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Notice Information

Notice Title

NNC Asset and Insurance Programme 2023-2028

Notice Description

North Northamptonshire Council (NNC) wishes to appoint a supplier to carry out Asset and Insurance valuations as part of its five-year asset and insurance valuation programme 2023/2028. The valuations will be relied upon by NNC and will be used to populate its Fixed Asset Register (FAR) and Statement of Accounts (SoA). Any appointment under this Tender will be for a period of 5 years (2023/2028). The appointed supplier will be provided with a schedule of Assets to be valued for each of the five years, however, NNC do reserve the right to amend the list of Assets to be valued at its own discretion. The supplier will also be required to undertake any additional valuations that may be required within the valuation year because of (but not limited to) any property reclassifications, new constructions, or property impairments. All assets are to be valued as at the 31st December of the respective years (for example, for 2023/2024 the valuation date will be the 31st December 2023), except for one-off reclassifications, new constructions, and impairments the date of which will be clarified at the point of request. The supplier will be required to provide a supplemental report containing a qualified market-based assessment to clarify that the property valuations dated 31st December of each year would still be valid as at 31st March (for example 31st March 2024 for the 2023/2024 valuation year). This information will be required at the end of the valuation year.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c269af8d-c071-4df1-9509-033a891dc50c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/24475dfa-35d4-46c2-8d0c-2c74ad487ccf
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
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
£290,905 £100K-£500K
Lots Value
Not specified
Awards Value
£290,905 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
29 May 20241 years ago
Submission Deadline
29 Dec 2023Expired
Future Notice Date
Not specified
Award Date
12 May 20241 years ago
Contract Period
31 Dec 2023 - 30 Dec 2028 Over 5 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
NORTH NORTHAMPTONSHIRE 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
KETTERING
Postcode
NN16 8TL
Post Town
Northampton
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF25 North Northamptonshire
Delivery Location
TLF East Midlands (England)
Local Authority
North Northamptonshire
Electoral Ward
Northall
Westminster Constituency
Kettering

Supplier Information

Number of Suppliers
1
Supplier Name

WILKS HEAD & EVE

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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