Provision of an off-balance sheet funding model for the supply and maintenance of an Intra-operative MRI system.

Cambridge University Hospitals NHS Foundation Trust is seeking an MRI vendor who independently or with a third party would be prepared to fund and provide an Intra-Operative MRI scanner, operating theatre and other relevant ancillary equipment, on the basis that the funding agreement is off-balance sheet for the Trust i.e. the funding model proposed will not trigger IFRS 16 accounting treatment. MRI vendors are invited to submit proposals which they feel are consistent with this requirement. The Trust does not however set out the terms upon which off-balance sheet solutions should be proposed. The contract period will be for no longer than 364 days, inclusive of any notice period. There will be no pre-determined termination date. Following expiry of the contract period the Authority may consider options for contract extensions. Any such extension or extensions must continue to preserve the accounting principle of off-balance sheet funding. It is the expectation that the equipment is depreciated over a period of seven years from the date of installation. Tender documents are available to download from the Trust's e-sourcing portal hosted by Jaggaer One (formerly Bravosolutions). Additional information: Tender documents are available to download at https://eoecph.bravosolution.co.uk/web/login.shtml under Project No. 19531 and ITT reference 2566