Official UK procurement notice
L24043a-T-TG Economic support on Business Rates
Authority: LONDON LUTON AIRPORT OPERATIONS LIMITED
What is being bought
Published requirement descriptionLondon Luton airport LLA pays non-domestic rates to Her Majesty’s Government based on a rateable value RV estimated by the Valuation Office Agency VOA. The VOA has indicated that LLA will be moved to a Receipts and Expenditure Basis R and E from the current Contractors Basis.LLA has a retained specialist real estate advisor who assisted with negotiations on the 2023 valuation, these advisors remain appointed and are engaged to work on the 2026 valuation to mitigate any increase. However, considering the potential increase in cost, LLA is also seeking an economic advisor to work alongside the retained advisor to minimise the impact of any potential increase in RV for the 2026 valuation.LLA is seeking for the chosen economic advisor to:1. Work alongside the retained advisor to add an alternative perspective on how to reduce the RV.2. Undertake a detailed review of the part of the RV calculation that considers tenant’s assets and depreciation, and analysis of the VOA’s estimates of
CPV: Financial consultancy services
The lotProcurement structure
single lot · value publishedLot #1Economic support on April 2026 VOA Ratable Value for Business RatesPublished value£800,000
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
- Suitability
See Tender documents that are available after signing an NDA
- Legal form for consortia
- See Tender documents that are available after signing an NDA
- Shortlisting
- See Tender documents that are available after signing an NDA
Procedure terms & legal framework
From the official record- Procedure method
- Negotiated procedure with prior call for competition
- Legal basis
- CELEX · 32014L0025 Utilities Contracts Regulations 2016 (Directive 2014/25/EU)
- Procurement category
- Services
- Notice status
- Closed
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- No (one-off requirement)
- First published
- 10 May 2024, 15:21 BST
- Last source update
- 10 May 2024, 15:21 BST
- Authority reference
L24043a-T-TG- FTS notice number
2024/S 000-015033- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0458d4Find a Tender- Contract terms summary
See Tender documents that are available after signing an NDA
- Electronic trading
- e-invoicing allowed · electronic ordering · electronic payment
- Performance terms
See Tender documents that are available after signing an NDA
How it was run
Official noticeTender documents are also served through a separate tool: https://in-tendhost.co.uk/llaol ↗
- Submission deadline
- 28 May 2024, 12:00 BST
- Submission channel
- {"electronicSubmission","written"}
- Accepted languages
- en
- Participation fee
- document
- Deposits and guarantees
- See Tender documents that are available after signing an NDA
Timeline
10 May 2024 → 28 May 2024 · 2 dates- Notice published10 May 2024, 15:21 BST
- Submission deadline28 May 2024, 12:00 BST
Contracting authority & participating public bodies
Dispute resolution & review bodies
- The LLA Legal TeamReview body
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Technical selection criteria
- Economic and financial selection criteria