Open competition
Open procedure: the contract was advertised and any supplier could submit a bid.
Key facts
- Buyer
- Transport for Wales · Body governed by public law
- Supplier
- Atkins Limited
- Value
- £300,000
- Procedure
- Open procedure
- Sector
- Business services · Evaluation consultancy services (CPV 79419000)
- Region
- Wales
- Official notice
- 002135-2021 on Find a Tender
- Timeline
-
- Contract date21 Dec 2020
- Published3 Feb 2021Published 44 days after the contract date
Description
Transport for Wales (TfW) has procured experienced consultants to undertake valuation of assets and provide information on the Depreciated Replacement Costs across our Core Valley Lines (CVL) in South Wales. The DRC valuation will be reported in the financial statements of Transport for Wales and will be used for consolidation within the Welsh Government group financial statements. The appointed advisor is expected to provide input in the following areas: 1 – Developing an excel based valuation model, 2 - Developing asset unit costs based on the asset categories 3 – Quantifying risk and other uplifts 4 – Assisting TfW in quantifying the useful economic lives of the assets 5 – Assisting TfW in quantifying the remaining useful economic life of the assets 6 – Undertaking an annual adjustment to the asset value
About the supplier
Atkins Limited: every public contract they have won, plus their Companies House record (company 00688424).