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Notice Details

Title: Depreciated Replacement Cost Valuation
Published by: Transport for Wales
Publication Date: 27/08/2020
Deadline Date:
Deadline Time:
Notice Type: 01 Prior Information Notice (PIN) - For reducing Time Limits
Has Documents: Yes
Has ESPD: No
Abstract: Transport for Wales (TfW) wishes to procure the services of an advisor to provide evidence to support the valuation assessment of the Core Valleys Lines rail network for financial reporting purposes for the financial year ending 31 March 2021 and future periods.
CPV: 79419000, 79419000, 71600000, 71621000.

Prior information notice

This notice aims at reducing time limits for receipt of tenders

Directive 2014/24/EU - Public Sector Directive

Directive 2014/24/EU

Section I: Contracting authority

I.1) Name and addresses

Transport for Wales

Southgate House, Wood Street

Cardiff

CF10 1EW

UK

Contact person: Leanne Millard

Telephone: +44 2921673434

E-mail: Procurement@tfw.wales

NUTS: UKL

Internet address(es)

Main address: http://tfw.gov.wales

Address of the buyer profile: https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA50685

I.2) Joint procurement

The contract is awarded by a central purchasing body

I.3) Communication

Additional information can be obtained from the abovementioned address


Tenders or requests to participate must be sent electronically to:

https://etenderwales.bravosolution.co.uk/home.html


I.4) Type of the contracting authority

Body governed by public law

I.5) Main activity

Other: Transport related activities

Section II: Object

II.1) Scope of the procurement

II.1.1) Title

Depreciated Replacement Cost Valuation

Reference number: TfW-C000292.00

II.1.2) Main CPV code

79419000

 

II.1.3) Type of contract

Services

II.1.4) Short description

Transport for Wales (TfW) wishes to procure the services of an advisor to provide evidence to support the valuation assessment of the Core Valleys Lines rail network for financial reporting purposes for the financial year ending 31 March 2021 and future periods.

II.1.6) Information about lots

This contract is divided into lots: No

II.2) Description

II.2.2) Additional CPV code(s)

79419000

71600000

71621000

II.2.3) Place of performance

NUTS code:

UKL


Main site or place of performance:

Across the Welsh rail network

II.2.4) Description of the procurement

In accordance with Regulation 40 of the Public Contracts regulations 2015 TFW will be holding buyer pre-market engagement events sessions for this project. Due to the current situation with COVID-19 these meetings will be held virtually using TEAMS, week commencing 14th September 2020 (subject to change). In order to be allocated a session you are required to respond no later than 12 noon on 9th September 2020 via email to procurement@tfw.wales, stating your experience and/or capability in delivering this type of service.

Non response to this Prior Information Notice by any potential supplier does not preclude them from participating in any related forthcoming tender in the future.

Transport for Wales (TfW) are looking for experienced consultants to undertake valuation of assets and provide information on the Depreciated Replacement Costs across our Core Valley Lines (CVL) in South Wales.

The CVL rail network is made up of the Aberdare, Coryton, Merthyr Tydfil, Rhymney and Treherbert lines and includes all stations, track and related rail infrastructure such as earthworks, bridges and signals within this network. TfW acquired these lines from Network Rail on 28 March 2020.

Under Public Sector accounting rules, the Modern Equivalent unit costs of replacing the CVL rail infrastructure need to be assessed. This information will be used in conjunction with the Useful Economic Life and Remaining Useful Life of the CVL assets to arrive at the Depreciated Replacement Cost (DRC) of the asset. The DRC valuation will be reported in the financial statements of Transport for Wales and will be used for consolidation within the Welsh Government group financial statements.

The appointed advisor is expected to provide input in the following areas:

1 – Developing an excel based valuation model, replicating the 31 March 2020 opening position per the Network Rail valuation model and capable of being updated for factors including unit costs, unit quantities, asset lives and indexation;

2 - Developing asset unit costs based on the asset categories in the existing DRC model;

3 – Quantifying risk and other uplifts (e.g. ‘greenfield adjustments’) to be applied to the unit costs;

4 – Assisting TfW in quantifying the useful economic lives of the assets comprising the CVL taking into account both newly constructed and renewed assets;

5 – Assisting TfW in quantifying the remaining useful economic life of the assets comprising the CVL; and

6 – Undertaking an annual adjustment to the asset value (in those years where a full valuation is not undertaken) by advising TfW on appropriate indices to apply to pre existing costs and in confirming the values of in year asset additions and disposals.

II.2.13) Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: No

II.2.14) Additional information

In order to be allocated a market engagement session you are required to respond to this PIN no later than 12 noon on 9th September 2020 via email to procurement@tfw.wales, stating your experience and/or capability in delivering this type of service. Sessions will take place week commencing 14th Sept 2020. (subject to change)

II.3) Estimated date of publication of contract notice:

05/10/2020

Section III: Legal, economic, financial and technical information

III.1) Conditions for participation

III.1.2) Economic and financial standing

Selection criteria as stated in the procurement documents


III.1.3) Technical and professional ability

Selection criteria as stated in the procurement documents


III.2) Conditions related to the contract

III.2.2) Contract performance conditions

KPI's will form part of the contract and details will be provided within the tender documents

Section IV: Procedure

IV.1) Description

IV.1.8) Information about Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: Yes

IV.2) Administrative information

IV.2.5) Scheduled date for start of award procedures

26/10/2020

Section VI: Complementary information

VI.2) Information about electronic workflows

Electronic invoicing will be accepted

Electronic payment will be used

VI.3) Additional information

In accordance with Regulation 40 of the Public Contracts regulations 2015 TFW will be holding buyer pre-market engagement events sessions for this project. Due to the current situation with COVID-19 these meetings will be held virtually using TEAMS, week commencing 14th September 2020 (subject to change). In order to be allocated a session you are required to respond no later than 12 noon on 9th September 2020 via email to procurement@tfw.wales, stating your experience and/or capability in delivering this type of service.

Non response to this Prior Information Notice by any potential supplier does not preclude them from participating in any related forthcoming tender in the future.

NOTE: To register your interest in this notice and obtain any additional information please visit the Sell2Wales Web Site at https://www.sell2wales.gov.wales/Search/Search_Switch.aspx?ID=103532.

(WA Ref:103532)

VI.4) Procedures for review

VI.4.1) Review body

High Court

Royal Courts of Justice, The Strand

London

WC2A 2LL

UK

Telephone: +44 2079477501

VI.5) Date of dispatch of this notice

25/08/2020


Information added to the notice since publication.

Additional information added to the notice since it's publication.
DateDetails
29/09/2020 08:33ADDED FILE: Bidder presentation slides

Supplier presentation
19/10/2020 16:09ITT

The contract notice is now live and documents can be found via etender wales ITT_83850
Main Contact: Procurement@tfw.wales
Admin Contact: N/a
Technical Contact: N/a
Other Contact: N/a

Commodity Categories

Commodity Categories
IDTitleParent Category
79419000Evaluation consultancy servicesBusiness and management consultancy services
71621000Technical analysis or consultancy servicesAnalysis services
71600000Technical testing, analysis and consultancy servicesArchitectural, construction, engineering and inspection services
85Transport for WalesSell2Wales Projects

Delivery Locations

Delivery Locations
IDDescription
1022Cardiff and Vale of Glamorgan
1015Central Valleys (Merthyr Tydfil, Rhondda Cynon Taf)
1016Gwent Valleys (Torfaen, Blaenau Gwent, Caerphilly)
1021Monmouthshire and Newport
1014South West Wales (Carmarthenshire, Pembrokeshire, Ceredigion)

Alert Region Restrictions

The buyer has restricted the alert for this notice to suppliers based in the following regions.

Alert Region Restrictions
There are no alert restrictions for this notice.

Document Family

Hide related notices
AUG343291: Depreciated Replacement Cost Valuation
Publication Date: 27/08/2020
Notice Type: 01 Prior Information Notice (PIN) - For reducing Time Limits
Authority name: Transport for Wales
Hide related notices
OCT348176: Depreciated Replacement Cost Valuation
Publication Date: 19/10/2020
Deadline: Cancelled
Notice Type: 02 Contract Notice
Authority name: Transport for Wales
OCT348962: Depreciated Replacement Cost Valuation
Publication Date: 23/10/2020
Notice Type: 03 Contract Award Notice - Incomplete Procedure
Authority name: Transport for Wales

Further Instructions

The Buyer has attached further instructions with this notice. Please read these carefully and take the necessary action(s).

Record your interest in this notice and you will be automatically sent clarifications and deadline date changes etc. Please note that recording your interest does not automatically enter you into the tender process for this notice, you still have to submit your response by the deadline stated. To record an interest in this notice and add it to your interests list please click the Record your interest now button at the top of the page.

The following additional documents have been attached to this notice. To obtain these documents please click the Record your interest now button at the top of the page.

The following additional documents have been attached to this notice. To obtain these documents please select the individual file names below.

Current Documents

CreatedNameDescriptionSizeDownloads
29/09/2020Transport for Wales - Bidder Slides ACM 110920 (002)Supplier presentation1023.40 KB13

Replaced Documents

There are no previous versions of these documents

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