---
title: "IFRS16 Transition Review"
ocid: "ocds-b5fd17-7274fe87-39bc-48a8-9349-5e2b53d546d3"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-7274fe87-39bc-48a8-9349-5e2b53d546d3"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-7274fe87-39bc-48a8-9349-5e2b53d546d3.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-7274fe87-39bc-48a8-9349-5e2b53d546d3.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "SHEFFIELD CITY COUNCIL"
published: "2024-12-18"
---

# IFRS16 Transition Review

Buyer: SHEFFIELD CITY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-7274fe87-39bc-48a8-9349-5e2b53d546d3

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-7274fe87-39bc-48a8-9349-5e2b53d546d3)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-7274fe87-39bc-48a8-9349-5e2b53d546d3.json)

## Summary

Sheffield City Council, headquartered in Sheffield, has completed the procurement process titled "IFRS16 Transition Review" under the financial and insurance services industry category. The procurement aimed to source an external company to review eight Service Concession Arrangements for re-measurement under IFRS 16. This direct award was granted to Link Group Treasury Services, with the award notice published on 18th December 2024. The contract is scheduled to commence on 16th December 2024 and conclude by 31st March 2025, covering the Yorkshire and the Humber region in the United Kingdom.

This tender offers significant business opportunities, especially for companies providing financial and insurance services. Small to medium-sized enterprises (SMEs) are particularly encouraged to track similar opportunities for growth, as the procurement needs align well with niche service offerings in financial compliance and auditing sectors. Businesses with established expertise in IFRS 16 and service concession arrangements would be well-suited to compete in similar future tenders from local government bodies like Sheffield City Council.

## Notice

Sheffield City Council require an external company to undertake a review of eight Service Concession Arrangements that will require re-measurement under IFRS 16.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/13e59eaa-0629-4145-a7a8-aef3fbb035ef |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Direct award |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Dec 2024 |
| Submission deadline | 12 Dec 2024 |
| Future notice date | Not specified |
| Award date | 11 Dec 2024 |
| Contract period | 16 Dec 2024 - 31 Mar 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £48,000 |
| 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 | SHEFFIELD CITY COUNCIL |
| Locality | SHEFFIELD |
| Post town | Sheffield |
| Postcode | S1 2HH |
| Country | England |
| ITL 1 | TLE Yorkshire and The Humber |
| ITL 2 | TLE3 South Yorkshire |
| ITL 3 | TLE32 Sheffield |
| Local authority | Sheffield |
| Electoral ward | City |
| Westminster constituency | Sheffield Central |
| Delivery location | TLE Yorkshire and The Humber |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LINK GROUP TREASURY SERVICES |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 18 Dec 2024 at 11:36 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/13e59eaa-0629-4145-a7a8-aef3fbb035ef

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/13e59eaa-0629-4145-a7a8-aef3fbb035ef
  18th December 2024 - Awarded contract notice on Contracts Finder
- https://uk.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=88706&B=UK
  Additional data
- https://uk.eu-supply.com/ctm/Company/CompanyInformation/Index/104130
  User / Company

## Notice URLs

- http://sheffield.gov.uk

## 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-b5fd17-7274fe87-39bc-48a8-9349-5e2b53d546d3. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-7274fe87-39bc-48a8-9349-5e2b53d546d3.json.