Contract notice
Section I: Contracting
authority
I.1) Name and addresses
Cherwell District Council
n/a
Bodicote House, White Post Road
Banbury
OX15 4AA
UK
Contact person: Mike Sullivan
Telephone: +44 1295227940
E-mail: Michael.Sullivan@cherwell-dc.gov.uk
NUTS: UKJ14
Internet address(es)
Main address: https://cherwell.gov.uk
Address of the buyer profile: https://uk.eu-supply.com/ctm/Company/CompanyInformation/Index/146564
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://uk.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=73587&B=CHERWELL
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
https://uk.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=73587&B=CHERWELL
Tenders or requests to participate must be sent to the abovementioned address
I.4) Type of the contracting authority
Regional or local authority
I.5) Main activity
General public services
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Asset Valuations for Statutory Financial Reporting
Reference number: 23PROC090
II.1.2) Main CPV code
79212500
II.1.3) Type of contract
Services
II.1.4) Short description
Under the CIPFA Code of Practice on Local Authority Accounting, Cherwell District Council (CDC) is required to undertake professional valuation of any asset it holds under the revaluation model (IAS16 and IAS40, as adapted by the CIPFA code) for financial reporting purposes. The valuations are required to be undertaken by suitably qualified valuation professionals and at a frequency that ensures the book values declared in the Council’s accounts are current and materially accurate. The council intends to operate a 3-year valuation schedule to ensure that the values remain current and materially correct.
II.1.5) Estimated total value
Value excluding VAT:
208 333.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.2) Additional CPV code(s)
79212500
II.2.3) Place of performance
NUTS code:
UKJ14
UK
Main site or place of performance:
Oxfordshire
II.2.4) Description of the procurement
Under the CIPFA Code of Practice on Local Authority Accounting, Cherwell District Council (CDC) is required to undertake professional valuation of any asset it holds under the revaluation model (IAS16 and IAS40, as adapted by the CIPFA code) for financial reporting purposes. The valuations are required to be undertaken by suitably qualified valuation professionals and at a frequency that ensures the book values declared in the Council’s accounts are current and materially accurate. The council intends to operate a 3-year valuation schedule to ensure that the values remain current and materially correct.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.6) Estimated value
Value excluding VAT:
208 333.00
GBP
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 36
This contract is subject to renewal: Yes
Description of renewals:
Initial contract period is 3 years with an option to extend by up to 2 years at the Council's discretion.
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
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
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
09/11/2023
Local time: 11:00
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
IV.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 3 (from the date stated for receipt of tender)
IV.2.7) Conditions for opening of tenders
Date:
09/11/2023
Local time: 11:00
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.2) Information about electronic workflows
Electronic ordering will be used
Electronic invoicing will be accepted
Electronic payment will be used
VI.4) Procedures for review
VI.4.1) Review body
High Court of England and Wales
London
UK
VI.4.2) Body responsible for mediation procedures
High Court of England and Wales
London
UK
VI.4.4) Service from which information about the review procedure may be obtained
High Court of England and Wales
London
UK
VI.5) Date of dispatch of this notice
06/10/2023