This public procurement record has 2 releases in its history.

Award

23 Jan 2024 at 10:20

Tender

27 Oct 2023 at 14:50

Summary of the contracting process

The Sandwell Metropolitan Borough Council (MBC) has recently completed the tender process for the procurement of Financial Consultancy Services titled "Business Rates Forecasting and RV Finder." This procurement falls under the services category and involves managing business rates effectively, forecasting changes, validating reductions, and identifying properties for growth. Sandwell MBC is the buying organisation located in Oldbury, United Kingdom. The procurement stage was awarded, and the contract duration is from 14 April 2024 to 13 April 2028.

This tender opportunity offers potential for business growth, particularly for companies providing financial consultancy and auditing services, accounting software packages, and financial management consultancy. The procurement method was an open procedure, and the award criteria were based on Quality and Social Value (60%) and Price (40%). Interested businesses can explore opportunities to support Sandwell MBC in optimising their business rates management strategies and enhancing revenue forecasting methods to maximise growth potential in the region.

How relevant is this notice?

Notice Title

Business Rates Forecasting and RV Finder

Notice Description

Business Rates localisation presents challenges for local authorities in relation to the calculation and forecasting of various elements of the business rates retention scheme. As an authority participating in the rates retention pilot scheme in Sandwell we currently retain 100% of the income generated through Business Rates. It is crucial we are able to manage our rating list effectively, forecast changes which may affect net collectable debit and maximise growth through early identification of commercial properties in the area. Rates avoidance is a serious concern and it is important that efforts are made to validate reductions applied as much as possible. In Sandwell large numbers of hereditaments receive Small Business Rates Relief but this will no longer apply if a company/organisation has more than one business in the same name. Sandwell MBC therefore require a company to provide Revenues Forecasting, RV Finder, Small Business Rates Relief Audit and Council Tax Property Finder.

Lot Information

Lot 1

Business Rates localisation presents a variety of challenges for local authorities in relation to the calculation and forecasting of the various elements of the business rates retention scheme. As an authority participating in the rates retention pilot scheme in Sandwell we currently retain 100% of the income generated through Business Rates.It is crucial that we are able to manage our rating list effectively, forecast changes which may affect net collectable debit and maximise growth through the early identification of commercial properties in the area.Rates avoidance is a serious concern especially in the current climate and it is important that efforts are made to validate reductions applied as much as possible. In Sandwell large numbers of hereditaments receive Small Business Rates Relief but this will no longer apply if a company/organisation has more than one business in the same name. Sandwell MBC therefore require a company who can provide:* Revenues Forecasting* RV Finder* Small Business Rates Relief Audit* Council Tax property finderThe contract duration is for 4 years from 14 April 2024 - 13 April 2028.

Renewal: The contract will be retendered for in 4 years' time.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-040fc1
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/002187-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services

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


CPV Codes

48440000 - Financial analysis and accounting software package

48441000 - Financial analysis software package

66171000 - Financial consultancy services

79212100 - Financial auditing services

79212500 - Accounting review services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£232,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£232,000 £100K-£500K

Notice Dates

Publication Date
23 Jan 20242 years ago
Submission Deadline
27 Nov 2023Expired
Future Notice Date
Not specified
Award Date
23 Jan 20242 years ago
Contract Period
Not specified - Not specified
Recurrence
4 years

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
Sandwell MBC
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
OLDBURY
Postcode
B69 3DB
Postcode Area
Birmingham
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG37 Sandwell
Delivery Location
TLG37 Sandwell

Local Authority
Sandwell
Electoral Ward
Oldbury
Westminster Constituency
West Bromwich

Supplier Information

Number of Suppliers
1
Supplier Name

Inform CPI

Open Contracting Data Standard (OCDS)

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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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