---
title: "NEPRO3 - 2024 CAPITAL ACCOUNTING ASSET VALUATION"
ocid: "ocds-b5fd17-c63acd8a-defc-4539-acd8-d1c86d4358ef"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-c63acd8a-defc-4539-acd8-d1c86d4358ef"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-c63acd8a-defc-4539-acd8-d1c86d4358ef.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-c63acd8a-defc-4539-acd8-d1c86d4358ef.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "CITY OF LONDON CORPORATION"
published: "2024-01-18"
---

# NEPRO3 - 2024 CAPITAL ACCOUNTING ASSET VALUATION

Buyer: CITY OF LONDON CORPORATION  
Current stage: Award  
OCID: ocds-b5fd17-c63acd8a-defc-4539-acd8-d1c86d4358ef

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## Summary

The City of London Corporation has awarded a contract for accounting and auditing services to Gerald Eve LLP, valued at £100,240 GBP. This procurement involves providing valuations for capital accounting purposes as of 31st March 2024, with a contract period from 10th January 2024 to 31st March 2024. The tender was procured through a selective method, specifically a call-off from a framework agreement, and is in the award stage.

This tender presents an opportunity for businesses specializing in accounting and auditing services, especially those experienced in providing regulated purpose valuations and following IAS 16 and CIPFA codes. The contract, awarded by the City of London Corporation, requires expertise in financial statements valuation and conflict of interest declaration processes. Businesses based in London, United Kingdom, may find this tender particularly relevant for expanding their service offerings within the accounting and auditing industry.

## Notice

Gerald Eve LLP have been appointed by Bloom Procurement Services Ltd on behalf of The Mayor and Commonality and Citizens of The City of London (the City), to provide valuations for capital accounting purposes for incorporation in the City's accounts under CIPFA, as of 31 March 2024, for inclusion in the City's Annual Report and Financial Statements and for internal management and accounting purposes. Valuations required are for financial statements and accordingly are Regulated Purpose Valuations. A schedule of properties to be valued as of 31st March 2024 is appended to this Work Order at Appendix 1. In accordance with IAS 16 and the CIPFA Code, an apportionment of the value attributable to the buildings, together with an estimate of their useful economic life is required. Where an item of property, plant and equipment with a cost that is significant in relation to the total cost of the item, it shall be depreciated separately. Basis of Valuation for Operational Property - "Existing Use Value" (or "Depreciated Replacement cost" where necessary) Basis of Valuation for HRA Dwellings - "Existing Use Value - Social Discount" Investment properties and those properties held outside of City Fund are not in scope of this contract. Audit Gerald Eve LLP will be required to provide on request any calculations, bases of judgement or supporting/comparable information underlying the valuations as necessary to satisfy follow up audit queries and to attend meetings with both the City's finance team and auditors to facilitate prompt resolution of said audit queries. Conflicts of interest Gerald Eve LLP shall declare to the City any conflict of interest prior to commencing the valuation process in any given year.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/42197044-2702-4878-8108-264f6ecd375b |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Jan 2024 |
| Submission deadline | 8 Jan 2024 |
| Future notice date | Not specified |
| Award date | 10 Jan 2024 |
| Contract period | 10 Jan 2024 - 31 Mar 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £100,240 |
| Lots value | Not specified |
| Awards value | £100,240 |
| 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 | CITY OF LONDON CORPORATION |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2P 2EJ |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI43 Haringey and Islington |
| Local authority | Islington |
| Electoral ward | Clerkenwell |
| Westminster constituency | Islington South and Finsbury |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | GERALD EVE |

## CPV Codes

### Divisions

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

### Codes

- 79210000 - Accounting and auditing services

## Release History

- 18 Jan 2024 at 14:50 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/42197044-2702-4878-8108-264f6ecd375b

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/42197044-2702-4878-8108-264f6ecd375b
  18th January 2024 - Awarded contract notice on Contracts Finder

## Provenance

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