---
title: "IFRS 16 Modelling for PFI contracts"
ocid: "ocds-b5fd17-5413b6fb-bff4-435d-b855-2934ae81efd6"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-5413b6fb-bff4-435d-b855-2934ae81efd6"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-5413b6fb-bff4-435d-b855-2934ae81efd6.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-5413b6fb-bff4-435d-b855-2934ae81efd6.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WEST NORTHAMPTONSHIRE COUNCIL"
published: "2024-08-13"
---

# IFRS 16 Modelling for PFI contracts

Buyer: WEST NORTHAMPTONSHIRE COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-5413b6fb-bff4-435d-b855-2934ae81efd6

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## Summary

West Northamptonshire Council has awarded a contract titled "IFRS 16 Modelling for PFI contracts" in the industry category of accounting services. The procurement stage is an award, with the contract running from 1st April 2024 to 31st March 2025. The contract is valued at £60,000. The service involves ensuring the council's PFI contracts comply with new IFRS 16 regulations, a specialist area of accounting. The contracting authority is located in Northampton (postal code NN1 1ED). The procurement method was "Other - Waiver," indicating a specialised and direct approach given the limited supplier options and the urgency of the requirement.

This contract offers significant opportunities for firms specialising in accounting services, particularly those experienced with IFRS regulations and PFI contracts. Suitable businesses should have a track record in this niche financial regulation area, and small to medium-sized enterprises (SMEs) as well as voluntary, community, and social enterprises (VCSE) are encouraged to explore this opportunity. Given the contract’s specificity and the expertise required, businesses with a strong history of delivering compliant accounting services in a timely manner would be well-positioned to benefit.

## Notice

Contract to ensure that West Northants Statement of accounts (specifically PFI contracts) were compliant with the new IFRS 16 regulations. Chosen supplier has worked closely with WNC on the PFI contracts for several years and would not be value for money if approached any other supplier. This is a specialist area of accounting and there are few suppliers that could deliver the service in the time required.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/fe80c06d-d041-475e-a285-2d65224515ce |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - Waiver |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 Aug 2024 |
| Submission deadline | 30 Mar 2024 |
| Future notice date | Not specified |
| Award date | 31 Mar 2024 |
| Contract period | 31 Mar 2024 - 31 Mar 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £60,000 |
| Lots value | Not specified |
| Awards value | £60,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | WEST NORTHAMPTONSHIRE COUNCIL |
| Locality | NORTHAMPTON |
| Post town | Northampton |
| Postcode | NN1 1ED |
| Country | England |
| ITL 1 | TLF East Midlands (England) |
| ITL 2 | TLF2 Leicestershire, Rutland and Northamptonshire |
| ITL 3 | TLF24 West Northamptonshire |
| Local authority | West Northamptonshire |
| Electoral ward | Castle |
| Westminster constituency | Northampton North |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | RSM UK CORPORATE FINANCE |

## CPV Codes

### Divisions

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

### Codes

- 79211000 - Accounting services

## Release History

- 13 Aug 2024 at 12:15 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/fe80c06d-d041-475e-a285-2d65224515ce

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/fe80c06d-d041-475e-a285-2d65224515ce
  13th August 2024 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-5413b6fb-bff4-435d-b855-2934ae81efd6. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-5413b6fb-bff4-435d-b855-2934ae81efd6.json.