Award

Provision of Management Account support

LOCATED PROPERTY LIMITED

This public procurement record has 1 release in its history.

Award

24 Jun 2021 at 23:18

Summary of the contracting process

The procurement process involves LocatED Property Limited seeking to award a contract for the "Provision of Management Account support." This tender falls within the financial consultancy services industry and is based in the UK, with a procurement method characterised as limited, involving an award procedure without prior publication of a call for competition. The tender was initiated on 25 June 2021, and the contract was signed on 25 January 2021, with a value of £33,190. The tender has completed the award stage, in which Avec Partnership Ltd was selected as the supplier.

This tender presents an excellent opportunity for businesses specialised in financial consultancy and accountancy services, particularly those that can demonstrate strong capability and capacity, as well as a robust methodology and approach. Companies of all sizes, including small and medium-sized enterprises (SMEs), can compete for the contract, given that six bids were received, all from SMEs. The focus on monthly reporting, compliance, and financial record maintenance suggests that businesses offering comprehensive management accountant support will be particularly well-positioned to succeed.

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Notice Title

Provision of Management Account support

Notice Description

Provision of management accountancy support to complement and provide additional capacity and capability as required to in-house resources.

Lot Information

Lot 1

LocatED is looking to appoint a provider that can deliver management accountancy support that will comprise the following: * Preparing reports on at least a monthly basis to allow the continued review of the company's performance against the annual administration running cost budget. * Producing timely and accurate monthly period-end journals and accruals as required. * Maintaining financial records for each scheme and service in a manner that facilitates management reports which will comprise of data provided by LocatED. * Calculate and submit the annual Corporation Tax (always a nil value) and VAT return to HMRC. * Maintaining compliance with internal financial and accounting policies and procedures. * Supporting the Associate Director of Finance in ensuring all statutory requirements of LocatED are met. * Assisting in the preparation of information for the annual audit. * Create and issue invoices to clients of LocatED should LocatED begin charging for services.

Options: 1x12 months

Procurement Information

Requirement was advertised in Contracts Finder on 20 October 2021. This yielded 6 responses. Requirement was below threshold.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02c000
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/014477-2021
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£33,190 Under £100K

Notice Dates

Publication Date
24 Jun 20214 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
25 Jan 20215 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
LOCATED PROPERTY LIMITED
Contact Name
Roger Miller
Contact Email
roger4.miller@located.co.uk
Contact Phone
+44 7917097688

Buyer Location

Locality
LONDON
Postcode
W1B 2HA
Post Town
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
West End
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

AVEC PARTNERSHIP

Open Contracting Data Standard (OCDS)

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