Published date: 21 February 2024

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 15 September 2023, 5pm

Contract summary

Industry

  • Financial auditing services - 79212100

Location of contract

London

Value of contract

£351,250

Procurement reference

tender_372637/1316814

Published date

21 February 2024

Closing date

15 September 2023

Closing time

5pm

Contract start date

21 February 2024

Contract end date

3 December 2026

Contract type

Service contract

Procedure type

Call-off from a framework agreement

A mini-competition or direct purchase from a pre-established framework agreement.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

1.1 All valuations and reports are to be prepared in accordance with the RICS Valuation - Professional Standards (Red Book) and the version of the CIPFA Code of Practice on Local Authority Accounting in the United Kingdom relevant to the financial year in question.

1.2 The operational portfolio of the Council is to be valued at Current Value. For operational assets where there is an active market this shall be the existing use value, as defined by RICS. If there is no market-based evidence of current value because of the specialist nature of the asset and/or the asset is rarely sold, valuation shall be using depreciated residual cost.

1.3 The investment property portfolio of the Council is to be valued at Fair Value, to comply with IFRS 13 requirements to consider highest and best use in the determination of fair value.

1.4 HRA Council Dwellings are to be valued at Current Value based on Existing Use Value - Social Housing as defined by DLUHC (previously DCLG) guidance. The valuations will be prepared in compliance with the DLUHC (previously DCLG) guide "Stock Valuation for Resource Accounting - 2016". If there are any revisions to the guidance throughout the life of the contract, the service provider will be required to comply with any such revisions as directed by the Authorised Officer.

Award information

Awarded date

21 February 2024

Contract start date

21 February 2024

Contract end date

3 December 2026

Total value of contract

£351,250

This contract was awarded to 1 supplier.

Sanderson Weatherall LLP

Address

Balfour House, 46-54 Great Titchfield Street, London, Greater London, W1W 7QA, UNITED KINGDOM

Reference

No reference - other

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

64 Victoria Street
London
SW1E 6QP
England

Telephone

0

Email

tenders@westminster.gov.uk