Award

Property Valuation Services

CUMBERLAND COUNCIL

This public procurement record has 2 releases in its history.

Award

29 Nov 2024 at 10:04

Tender

18 Jul 2024 at 10:33

Summary of the contracting process

The Cumberland Council has concluded an open procedure tender for property valuation services, specifically targeting research consultancy services within the UKD1 region. The procurement process, which was initiated on 18 July 2024 and involved a submission deadline of 19 August 2024, sought a consultant to assess the financial valuation of all Cumberland-owned properties in compliance with the International Financial Reporting Standards (IFRS). The contract, valued at £420,000, was awarded on 21 October 2024 to Wilks Head & Eve LLP, marking the completion of the procurement stage.

This tender presents a significant opportunity for businesses involved in financial and research consultancy services to expand their client portfolio with a major regional authority. The nature of the contract, which involves critical financial assessments in adherence to stringent IFRS standards, makes it especially suitable for large consultancy firms experienced in high-value public sector projects. Additionally, the commitment to diversity by the Cumberland Council underscores their openness to varied business communities, potentially fostering long-term partnerships and industry recognition for the consultancy firms involved.

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Notice Title

Property Valuation Services

Notice Description

Consultant to undertake valuations of all Cumberland owned properties.

Lot Information

Lot 1

The Council has appointed a consultant to carry out the valuation of its property assets for financial reporting purposes. Valuations will be undertaken in accordance with the measurement requirements of the International Financial Reporting Standards (IFRS) based Code of Practice on Local Authority Accounting in the United Kingdom (the 'Code'), published by the Chartered Institute of Public Finance and Accountancy (CIPFA).

Renewal: There are options for 2 x 12 month extensions to this contract.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-047e67
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/038547-2024
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

73 - Research and development services and related consultancy services


CPV Codes

66171000 - Financial consultancy services

73210000 - Research consultancy services

Notice Value(s)

Tender Value
£420,000 £100K-£500K
Lots Value
£420,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£183,200 £100K-£500K

Notice Dates

Publication Date
29 Nov 20241 years ago
Submission Deadline
19 Aug 2024Expired
Future Notice Date
Not specified
Award Date
20 Oct 20241 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
CUMBERLAND COUNCIL
Contact Name
Miss Dawn Reid
Contact Email
dawn.reid@cumberland.gov.uk
Contact Phone
+44 1228817595

Buyer Location

Locality
CARLISLE
Postcode
CA1 1RD
Post Town
Carlisle
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD1 Cumbria
Small Region (ITL 3)
TLD13 Cumberland
Delivery Location
TLD1 Cumbria

Local Authority
Cumberland
Electoral Ward
Castle
Westminster Constituency
Carlisle

Supplier Information

Number of Suppliers
1
Supplier Name

WILKS HEAD & EVE

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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