NHSPS 2018-19 EY

Contract summary

Industry

• Financial auditing services - 79212100

Location of contract

SW1W 9SP

Value of contract

£27,600

Procurement reference

C-1095

Published date

30 May 2019

Closing date

27 March 2019

Contract start date

29 April 2019

Contract end date

29 July 2019

Contract type

Service contract

Procedure type

Call-off from a framework agreement

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

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Description

Audit of property valuation undertaken by NHSPS expert (Montague Evans) as at 31 March 2019. The basic cost of the assignment is £23k + VAT, based on a sample size of 20, with no changes to the methodology since EY's last review. There is scope for this to increase in certain circumstances: if issues are found with the sample and it has to be extended to up to 30 sample items, and/or the methodogy has changed. The maximum quoted cost including this additional work is £36k + VAT . We have discussed all scenarios, and we would have to jointly agree any increase for it to be valid.
The outputs expected on completion of the assignment
1. A high level review of the methodology adopted by NHS Property Services and their valuers (Montagu Evans) to assess the reasonableness of the key assumptions and judgements in their methodology approach.
2. A report that reviews the findings from the sample test of land and buildings to confirm that the methodology is appropriately and consistently applied.

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Award information

Awarded date

3 April 2019

Contract start date

29 April 2019

Contract end date

29 July 2019

Total value of contract

£27,600

This contract was awarded to 1 supplier.

Ernst & Young

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About the buyer

Contact name

Mary Zembylas

Address

157-197 Buckingham Palace Road
LONDON
SW1W9SP
England

Telephone

02077987368

Email

mary.zembylas@nao.gsi.gov.uk