Financial Assurance in respect of the appointment of a Development and Regeneration Partner

Tender description

Herefordshire Council are in the process of appointing a developer to work in partnership with the council to deliver a Development and Regeneration Programme. Projects within the programme will be approved on an individual non-obligation business case basis, however the OJEU notice allowed for a maximum programme / contract value of £200m over a potential 20 years. The council has undertaken initial financial standing assessments at the PQQ stage of the procurement. The council now requires an external advisor to undertake a further, independent assessment of the developer’s financial standing. The assurance work must be completed by 21st November 2017. It is anticipated that this assessment and provision of assurance report will require less than 5 full days of work by the advisor and cost no more than £10k. Keywords: financial, assurance