TenderlineUK
Procurement Intelligence
Official OCDS
Find a Tender
active
Official procurement procedure

L24043a-T-TG Economic support on Business Rates

Financial consultancy services
East of England (UKH21)
Published value
£800,000
Submission deadline 28 May 2024, 12:00 BST
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: London Luton Airport Operations Limited: "L24043a-T-TG Economic support on Business Rates". Published status: active. Published value: £800,000. 1 published lot. Recorded submission deadline: 28 May 2024, 12:00 BST. See the official notice for participation instructions.
Contracting AuthorityLondon Luton Airport Operations LimitedScope & CategoriesNot publishedSubmission Window
Closed
28 May 2024, 12:00 BST
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)£800,000
Bidder Intelligence · Authority Profile: London Luton Airport Operations Limited
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for London Luton Airport Operations Limited. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
3.5Bids / Report
0% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 4 active published awards; 2 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityLondon Luton Airport Operations Limited
Procedure methodNot published
Procurement categoryNot published
Statusactive
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published10 May 2024, 15:21 BST
Last source update10 May 2024, 15:21 BST
Recurring procurementNo
ClassificationFinancial consultancy services
Delivery area
East of England (UKH21)
OCIDocds-h6vhtk-0458d4
What is being bought
London 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
What changed
From the official release history
  1. Published value updated to £800,000
    10 May 2024, 15:21 BST
  2. Status changed to active
    10 May 2024, 15:21 BST
  3. Official notice release published
    10 May 2024, 15:21 BST
  4. Submission deadline changed to 28 May 2024, 12:00 BST
    10 May 2024, 15:21 BST
  5. Buyer information updated
    10 May 2024, 15:21 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    active
    Published value£800,000
    Economic support on April 2026 VOA Ratable Value for Business Rates
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    10 May 2024, 15:21 BST
  2. Submission deadline
    28 May 2024, 12:00 BST
Commercial outcome and competition
AwardsNo award published
ContractsNo contract published
Bid statisticsNo aggregate bid statistics published
Buyer and organisations in this procedure

London Luton Airport Operations Limited

Contracting authority GB-FTS-11506
View buyer profile

  • London Luton Airport Operations Limited
    buyer

    London Luton Airport, Navigation House, Airport way, Luton, UKH21, LU3 9LY
    terry.gittins@ltn.aero
    +44 1582405100
    Published organisation website

  • The LLA Legal Team
    reviewBody

    Percival house, Percival way, Luton, LU2 9NU

  • The LLA Legal team
    mediationBody

    Percival House, Percival way, Luton, LU2 9NU
Documents (2)
Official links; attachments are not copied

  • economicSelectionCriteria

    tender
    economicSelectionCriteria

  • technicalSelectionCriteria

    tender
    technicalSelectionCriteria
Related procedures (0)
No data
No related procedures published