---
title: "L24043a-T-TG Economic support on Business Rates"
ocid: "ocds-h6vhtk-0458d4"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0458d4"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0458d4.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0458d4.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "LONDON LUTON AIRPORT OPERATIONS LIMITED"
published: "2024-05-10"
---

# L24043a-T-TG Economic support on Business Rates

Buyer: LONDON LUTON AIRPORT OPERATIONS LIMITED  
Current stage: Tender  
OCID: ocds-h6vhtk-0458d4

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## Summary

The London Luton Airport Operations Limited is conducting a selective procurement process for economic support on business rates consultancy services. The title of the tender is "L24043a-T-TG Economic support on Business Rates" within the financial consultancy services category. The procurement stage is active, and the deadline for submission is 28th May 2024. The total contract value is £800,000, and the location is London Luton Airport.

This tender presents an opportunity for economic advisors in the financial consultancy services industry to work alongside a specialist real estate advisor for LLA to mitigate potential increases in rateable value for the 2026 valuation of business rates. Businesses with expertise in economic analysis and consultancy would be well-suited to compete in this procurement process. The procurement method is a negotiated procedure with prior call for competition, and electronic and written submissions are accepted.

## Notice

London Luton airport LLA pays non-domestic rates to Her Majesty's Government based on a rateable value RV estimated by the Valuation Office Agency VOA. The VOA has indicated that LLA will be moved to a Receipts and Expenditure Basis R and E from the current Contractors Basis.LLA has a retained specialist real estate advisor who assisted with negotiations on the 2023 valuation, these advisors remain appointed and are engaged to work on the 2026 valuation to mitigate any increase. However, considering the potential increase in cost, LLA is also seeking an economic advisor to work alongside the retained advisor to minimise the impact of any potential increase in RV for the 2026 valuation.LLA is seeking for the chosen economic advisor to:1. Work alongside the retained advisor to add an alternative perspective on how to reduce the RV.2. Undertake a detailed review of the part of the RV calculation that considers tenant's assets and depreciation, and analysis of the VOA's estimates of

### Lot Information

Lot 1

Economic support on April 2026 VOA Ratable Value for Business Rates

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/015033-2024 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Negotiated procedure with prior call for competition |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 10 May 2024 |
| Submission deadline | 28 May 2024 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £800,000 |
| Lots value | £800,000 |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LONDON LUTON AIRPORT OPERATIONS LIMITED |
| Locality | LUTON |
| Post town | Not specified |
| Postcode | LU3 9LY |
| Country | Not specified |
| ITL 1 | Not specified |
| ITL 2 | Not specified |
| ITL 3 | Not specified |
| Local authority | Not specified |
| Electoral ward | Not specified |
| Westminster constituency | Not specified |
| Delivery location | TLH21 Luton |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66171000 - Financial consultancy services

## Release History

- 10 May 2024 at 14:21 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/015033-2024

## Notice URLs

- http://www.in-tend.co.uk/
- http://www.london-luton.co.uk
- https://in-tendhost.co.uk/llaol

## 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-h6vhtk-0458d4. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0458d4.json.