IFRS (Accountancy Standard) 16 - Leases
Details
- Buyer
- Bristol City Council
- Supplier(s)
- MUFG BANK, LTD.
- Value
- £42,000
- Duration
- 2 years
- Published
- 25 March 2025
- Source
- uk:procontracts
Tender description
A new accountancy standard IFRS16 Leases was introduced on the 1st April 2024, meaning the statutory accounts for the year ending 31st March 2025 will require this new standard to be reflected. This is a complex standard and will have a significant impact to the Council's balance sheet (Property Plant and Equipment) and Income and expenditure account as a result of this change. The Council has a significant number of leases (Properties, Vehicles and Equipment) and leases embedded in contracts. The Council does not currently have the necessary financial skills / resource to ensure that the impact of this standard is accurately reflected for these lease arrangements.
Timeline
- Completed: Award published25 March 2025Current notice
- Completed: Award date1 April 2025
- Next: Contract expiry date31 March 2027in 5 months
About the buyer
Bristol City Council is a local authority that runs its own Procurement and Contract Management Service. Adult social care is commissioned by the Adult Care Commissioning team, largely through a single commissioning framework.
A commercial pipeline gives a forward look at anticipated outsourcing over the next twelve months.
Over the past 5 years, most of Bristol City Council's contract awards have been in health and social work, construction work and architectural and engineering services.
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@bristol-city-council.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@bristol-city-council.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@bristol-city-council.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@bristol-city-council.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@bristol-city-council.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@bristol-city-council.gov |
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