L24043a-T-TG Economic support on Business Rates
- Published
- 10 May 2024
- Submission deadline
- 28 May 2024
- Estimated value
- £800,000
- Place of performance
- UKH21
- Procedure
- Restricted procedure
- Lots
- 1
- Notice number
- 015033-2024
- Reference
- ocds-h6vhtk-0458d4
- Official source
- Official source
CPV codes
- 66171000Financial consultancy services
Description
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
Official publications
- FTS · 015033-2024 · 10 May 2024
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Frequently asked questions
- What is the deadline to bid for this tender?
- The submission deadline is 28 May 2024. Check the official source, as dates can be modified.
- What is the estimated value of this tender?
- The estimated value published by the buyer is £800,000.
- Who is the buyer of this tender?
- The contracting authority is London Luton Airport Operations Limited (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
- Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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