Published date: 6 March 2024
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Financial consultancy services - 66171000
Location of contract
South East
Value of contract
£0
Procurement reference
BHCC - 014916
Published date
6 March 2024
Closing date
20 March 2023
Closing time
12pm
Contract start date
1 April 2023
Contract end date
31 March 2029
Contract type
Service contract
Procedure type
Competitive quotation (below threshold)
The buyer selects a group of potential suppliers to invite to tender.
This procedure can be used for procurements below the relevant contract value threshold.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
As a Unitary Authority Brighton & Hove City Council owns and manages an operational portfolio across the City, which includes schools, civic buildings, libraries, sports facilities, offices, car parks, cemeteries, community buildings, leisure facilities and social care facilities all of which are occupied for the provision of council services and amenities. In addition to this, the council holds substantial commercial investment, agricultural investment and commercial seafront property portfolios, of which the council retains varying elements of control.
The Council has a responsibility to pay business rates on the operational properties that it owns as well as any vacant properties within the commercial, agricultural and seafront portfolios.
The new rating list comes into effect on the 1st April 2023. Current RV's for the 2017 list are based against rental values from 1st April 2015. The political and economic landscape since this time has shifted substantially, with the impact of Covid combined with interest rates at the highest they've been in decades. Early indications suggest the impact of the new rating values (based against rental values as of 1st April 2021) will be mixed across all commercial property types, with some seeing reductions, but others seeing increases.
This liability represents a substantial financial constraint on the council, with business rates costs expected to be in the region of £2.5 million in 2023/24.
As such, consultancy support is required to mitigate the council's rates liability create savings by identifying properties where the rateable value can be successfully challenged.
Award information
Awarded date
3 May 2023
Contract start date
1 April 2023
Contract end date
31 March 2029
Total value of contract
£0
This contract was awarded to 1 supplier.
Wilks Head & Eve LLP
Address
3rd Floor
55 New Oxford Street
London
WC1A 1BSReference
Companies House number: OC315743
Value of contract
£0
Supplier is SME?
Yes
Supplier is VCSE?
No
Additional details
-
Value of the contract is 3.89% of Rates Revaluation Savings
About the buyer
Contact name
Timothy Purchase
Address
BHCC 3rd Floor, Bartholomew House
Bartholomew Square
Brighton
BN1 1JE
England
Telephone
07510921703
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Closing: 20 March 2023, 12pm