Award

Property Valuation Services - NAO Code Audits

NATIONAL AUDIT OFFICE

This public procurement record has 3 releases in its history.

AwardUpdate

07 Aug 2023 at 12:40

AwardUpdate

07 Aug 2023 at 11:06

Award

11 Apr 2023 at 07:49

Summary of the contracting process

The National Audit Office has awarded a contract to Montagu Evans LLP for Property Valuation Services under the CPV category of Accounting, auditing, and fiscal services. The contract duration is for 3 years with two optional 12-month extensions. The procurement method was selective, calling off from a framework agreement. The tender period ended on 6th March 2023, and the contract period is from 27th March 2023 to 26th March 2028. The buying organisation is the National Audit Office, located at 157-197 Buckingham Palace Road, London, England.

This tender for Property Valuation Services presents growth opportunities for businesses, especially SMEs, involved in accounting, auditing, and fiscal services. Suitable businesses can compete in providing valuation services to support the National Audit Office's Audit Regime. The contract provides opportunities for businesses to work with auditors in using expert audit evidence to inform expectations of asset values, including property, plant, and investment properties. Businesses seeking to expand their footprint in the auditing sector should consider engaging with this tender opportunity.

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Notice Title

Property Valuation Services - NAO Code Audits

Notice Description

National Audit Office (NAO) awarded a contract to the supplier through Lot 5: Valuation and Compulsory Purchase Orders of Crown Commercial Services RM6168 Estate Management Services framework. The selected Supplier Montagu Evans LLP will be providing Valuation Services in support of the NAO's Audit Regime. The service is to support auditors of the National Audit Office and auditors performing audits under the Code of Audit Practice in using the work of an expert as audit evidence and to inform their expectations of movements in the values of fixed assets / property, plant and equipment / investment properties. The contract duration will be 3 years with optional two, 12 month extensions.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cff52a11-f9de-4142-9d0d-8d3fb214889d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8055757b-fa3c-4e78-b2db-dfa9966ac8a6
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

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


CPV Codes

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
£85,680 Under £100K
Lots Value
Not specified
Awards Value
£85,680 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Aug 20232 years ago
Submission Deadline
6 Mar 2023Expired
Future Notice Date
Not specified
Award Date
28 Mar 20232 years ago
Contract Period
26 Mar 2023 - 26 Mar 2028 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
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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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