--- title: "Contract for Lease Management Advice and Accounting Software for IFRS16" ocid: "ocds-b5fd17-5cb9dae2-1f8e-4e40-962c-f388bda976a2" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-5cb9dae2-1f8e-4e40-962c-f388bda976a2" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-5cb9dae2-1f8e-4e40-962c-f388bda976a2.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-5cb9dae2-1f8e-4e40-962c-f388bda976a2.json" source: "Contracts Finder" current_stage: "Tender" buyer: "GATESHEAD COUNCIL" published: "2022-02-16" --- # Contract for Lease Management Advice and Accounting Software for IFRS16 Buyer: GATESHEAD COUNCIL Current stage: Tender OCID: ocds-b5fd17-5cb9dae2-1f8e-4e40-962c-f388bda976a2 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-5cb9dae2-1f8e-4e40-962c-f388bda976a2) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-5cb9dae2-1f8e-4e40-962c-f388bda976a2.json) ## Summary Gateshead Council is currently conducting a procurement process for the contract titled "Contract for Lease Management Advice and Accounting Software for IFRS16". This initiative falls within the services industry, specifically focusing on lease management and accounting compliance with the IFRS16 standard. The procurement method being utilised is an open procedure, with the tender submission period ending on 3rd March 2022. The anticipated contract period is set to begin on 25th April 2022 and run until 24th October 2026, with a total estimated value of £58,000. The primary location for this contract is Gateshead, England, specifically identified by the postal code NE8 1HH. This tender presents significant growth opportunities for businesses specialising in lease management consultancy and financial software solutions. Small and medium-sized enterprises (SMEs) are encouraged to participate, particularly those with experience in accounting software development and lease management projects. Competitors that can provide comprehensive advice on lease conversion and furnish compatible software will find this tender particularly aligned with their services. Engaging in this contract could enhance a business's portfolio and establish a long-term partnership with a local authority. ## Notice Gateshead Council is looking to procure a lease management advice service and an accounting software which is compliant with the new IFRS16 accounting standard. The new standard requires the Council to account for leases under a single accounting model, bringing almost all leases 'on balance sheet' and recognising a right of use asset and a lease liability. Advice and guidance would be required to manage the conversion of existing leases, as well as recording any new leases on an ongoing basis; additional to this any software must have the ability to produce the necessary figures and notes for inclusion in the annual statutory accounts. At present there is no central register of leases held within the Council. Each Service holds the relevant leases taken out in relation to their business processes. Tender submissions must be supplied electronically via the e-tender system. Suppliers must submit one copy of their tender electronically, with any additional documents required or requested. Documents must be compatible with Microsoft Office or Adobe/PDF. The Council communicate through the NEPO Portal e-tendering system; therefore all correspondence regarding this Tender will be issued to the named person registered on the NEPO Portal. It is the Suppliers responsibility to ensure the correct named person is registered on the NEPO Portal. If guidance is required on how to submit your response through the NEPO Portal, please visit the NEPO website training section at https://www.nepo.org/suppliers/learn to access the Navigating the Portal suite of videos. These also include useful information on how to manage your online ProContract account. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/59107f0c-46df-4299-87de-f5eff66b2e22 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (below threshold) | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 16 Feb 2022 | | Submission deadline | 3 Mar 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 24 Apr 2022 - 24 Oct 2026 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £58,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | GATESHEAD COUNCIL | | Locality | GATESHEAD | | Post town | Newcastle upon Tyne | | Postcode | NE8 1HH | | Country | England | | ITL 1 | TLC North East (England) | | ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear | | ITL 3 | TLC43 Tyneside | | Local authority | Gateshead | | Electoral ward | Bridges | | Westminster constituency | Gateshead Central and Whickham | | Delivery location | Not specified | ## CPV Codes ### Divisions - 48 - Software package and information systems ### Codes - 48220000 - Internet and intranet software package - 48440000 - Financial analysis and accounting software package ## Release History - 16 Feb 2022 at 12:12 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/59107f0c-46df-4299-87de-f5eff66b2e22 - 15 Feb 2022 at 16:01 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/59107f0c-46df-4299-87de-f5eff66b2e22 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/59107f0c-46df-4299-87de-f5eff66b2e22 16th February 2022 - Opportunity notice on Contracts Finder ## Notice URLs - https://www.nepo.org/suppliers/learn ## 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-b5fd17-5cb9dae2-1f8e-4e40-962c-f388bda976a2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-5cb9dae2-1f8e-4e40-962c-f388bda976a2.json.