Notice Information
Notice Title
Valuation of Assets
Notice Description
Provision of a specialist practice to undertake a valuation of its assets in order to comply with CIPFA Code of Practice on Local Authority Accounting, RICS Valuation Professional Standards and the International Valuation Standards and International Standards on Auditing.
Lot Information
Lot 1
The Authority requires its assets valued in order to comply with * CIPFA Code of Practice on Local Authority Accounting insofar as it relates to valuations for the balance sheet and related disclosures including bases of value, valuation frequency, componentisation, lease classification, impairment etc., and associated practical approaches, including the key changes arising from IFRS16 * RICS Valuation Professional Standards and the International Valuation Standards insofar as they relate to local authority asset valuations, together with the associated practical approaches. * International Standards on Auditing as adapted for the UK and gain practical tips for a smoother audit process Further competition carried out under ESPO Framework 2700_22. Additional information: The value at II.1.7 refers to the initial term value. If both extensions are utilised then the whole life cost would be in the region of PS225,000. IV.1.1 refers to a further competition process under ESPO Framework 2700_22.
Options: 2 x 12 month extensions taking the end date to 31 December 2027
Procurement Information
A further competition process had been carried out under ESPO Framework 2700_22 Estates Management Professional Services.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-038813
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/033378-2022
- 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
- Large
Common Procurement Vocabulary (CPV)
- CPV Divisions
70 - Real estate services
79 - Business services: law, marketing, consulting, recruitment, printing and security
-
- CPV Codes
70000000 - Real estate services
79210000 - Accounting and auditing services
Notice Value(s)
- Tender Value
- Not specified
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- £135,000 £100K-£500K
Notice Dates
- Publication Date
- 24 Nov 20223 years ago
- Submission Deadline
- Not specified
- Future Notice Date
- Not specified
- Award Date
- 24 Nov 20223 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
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- ISLE OF WIGHT COUNCIL
- Contact Name
- Mrs Lucy Chandler
- Contact Email
- lucy.chandler@iow.gov.uk
- Contact Phone
- +44 1983821000
Buyer Location
- Locality
- NEWPORT
- Postcode
- PO30 1UD
- 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)
- TLJ34 Isle of Wight
- Delivery Location
- TLJ34 Isle of Wight
-
- Local Authority
- Isle of Wight
- Electoral Ward
- Newport Central
- Westminster Constituency
- Isle of Wight West
Further Information
Notice URLs
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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.
{
"tag": [
"compiled"
],
"id": "ocds-h6vhtk-038813-2022-11-24T14:14:30Z",
"date": "2022-11-24T14:14:30Z",
"ocid": "ocds-h6vhtk-038813",
"initiationType": "tender",
"tender": {
"id": "DN635334",
"legalBasis": {
"id": "32014L0024",
"scheme": "CELEX"
},
"title": "Valuation of Assets",
"status": "complete",
"classification": {
"scheme": "CPV",
"id": "70000000",
"description": "Real estate services"
},
"mainProcurementCategory": "services",
"description": "Provision of a specialist practice to undertake a valuation of its assets in order to comply with CIPFA Code of Practice on Local Authority Accounting, RICS Valuation Professional Standards and the International Valuation Standards and International Standards on Auditing.",
"lots": [
{
"id": "1",
"description": "The Authority requires its assets valued in order to comply with * CIPFA Code of Practice on Local Authority Accounting insofar as it relates to valuations for the balance sheet and related disclosures including bases of value, valuation frequency, componentisation, lease classification, impairment etc., and associated practical approaches, including the key changes arising from IFRS16 * RICS Valuation Professional Standards and the International Valuation Standards insofar as they relate to local authority asset valuations, together with the associated practical approaches. * International Standards on Auditing as adapted for the UK and gain practical tips for a smoother audit process Further competition carried out under ESPO Framework 2700_22. Additional information: The value at II.1.7 refers to the initial term value. If both extensions are utilised then the whole life cost would be in the region of PS225,000. IV.1.1 refers to a further competition process under ESPO Framework 2700_22.",
"awardCriteria": {
"criteria": [
{
"name": "Staff and Resources",
"type": "quality",
"description": "10"
},
{
"name": "Methodology and Communication",
"type": "quality",
"description": "5"
},
{
"name": "Social Value",
"type": "quality",
"description": "5"
},
{
"type": "price",
"description": "80"
}
]
},
"hasOptions": true,
"options": {
"description": "2 x 12 month extensions taking the end date to 31 December 2027"
},
"status": "cancelled"
}
],
"items": [
{
"id": "1",
"additionalClassifications": [
{
"scheme": "CPV",
"id": "79210000",
"description": "Accounting and auditing services"
}
],
"deliveryAddresses": [
{
"region": "UKJ34"
}
],
"relatedLot": "1"
}
],
"procurementMethod": "limited",
"procurementMethodDetails": "Award procedure without prior publication of a call for competition",
"coveredBy": [
"GPA"
],
"procurementMethodRationaleClassifications": [
{
"scheme": "TED_PT_AWARD_CONTRACT_WITHOUT_CALL",
"id": "D_OUTSIDE_SCOPE",
"description": "The procurement falls outside the scope of application of the directive"
}
],
"procurementMethodRationale": "A further competition process had been carried out under ESPO Framework 2700_22 Estates Management Professional Services."
},
"awards": [
{
"id": "033378-2022-1",
"relatedLots": [
"1"
],
"status": "active",
"suppliers": [
{
"id": "GB-FTS-69332",
"name": "Wilks Head & Eve LLP"
}
]
}
],
"parties": [
{
"id": "GB-FTS-67",
"name": "Isle of Wight Council",
"identifier": {
"legalName": "Isle of Wight Council"
},
"address": {
"streetAddress": "County Hall, High Street",
"locality": "Newport",
"region": "UKJ34",
"postalCode": "PO30 1UD",
"countryName": "United Kingdom"
},
"contactPoint": {
"name": "Mrs Lucy Chandler",
"telephone": "+44 1983821000",
"email": "lucy.chandler@iow.gov.uk"
},
"roles": [
"buyer"
],
"details": {
"url": "http://www.iwight.com",
"buyerProfile": "http://www.iwight.com",
"classifications": [
{
"scheme": "TED_CA_TYPE",
"id": "REGIONAL_AUTHORITY",
"description": "Regional or local authority"
},
{
"scheme": "COFOG",
"id": "01",
"description": "General public services"
}
]
}
},
{
"id": "GB-FTS-69332",
"name": "Wilks Head & Eve LLP",
"identifier": {
"legalName": "Wilks Head & Eve LLP"
},
"address": {
"streetAddress": "3rd Floor, 55 New Oxford Street",
"locality": "London",
"region": "UKJ34",
"postalCode": "WC1A1BS",
"countryName": "United Kingdom"
},
"roles": [
"supplier"
],
"details": {
"scale": "large"
}
},
{
"id": "GB-FTS-495",
"name": "The High Court",
"identifier": {
"legalName": "The High Court"
},
"address": {
"locality": "London",
"countryName": "United Kingdom"
},
"roles": [
"reviewBody"
]
}
],
"buyer": {
"id": "GB-FTS-67",
"name": "Isle of Wight Council"
},
"contracts": [
{
"id": "033378-2022-1",
"awardID": "033378-2022-1",
"status": "active",
"value": {
"amount": 135000,
"currency": "GBP"
},
"dateSigned": "2022-11-24T00:00:00Z"
}
],
"bids": {
"statistics": [
{
"id": "1",
"measure": "bids",
"relatedLot": "1",
"value": 1
},
{
"id": "2",
"measure": "smeBids",
"relatedLot": "1",
"value": 0
},
{
"id": "3",
"measure": "foreignBidsFromEU",
"relatedLot": "1",
"value": 0
},
{
"id": "4",
"measure": "foreignBidsFromNonEU",
"relatedLot": "1",
"value": 0
},
{
"id": "5",
"measure": "electronicBids",
"relatedLot": "1",
"value": 1
}
]
},
"language": "en"
}