Award

Homes England - Property Framework - Valuation of Northfleet Embankment - Kent

HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)

This public procurement record has 1 release in its history.

Award

14 Oct 2019 at 17:43

Award Notice
Summary of the contracting process

The procurement process involves Homes England, a prominent authority in the United Kingdom, seeking to appoint an Independent Valuation Firm for the "Homes England - Property Framework - Valuation of Northfleet Embankment - Kent". This tender, classified under Real estate services, is situated in the South East region. The procurement method is indicated as tender, with the tender period concluding on 7th October 2019. The contract commenced on 9th October 2019 and is set to run until 30th November 2021. The total contract value is £14,650.

This contract presents substantial opportunities for businesses specialising in real estate services, particularly those offering valuation services. Small and medium-sized enterprises (SMEs) are encouraged to participate, as they may possess the agility and expertise to fulfil the requirements of delivering Red Book valuation reports. As the project involves creating homes for a development of 598 units, companies with experience in housing valuation, market analysis, and financial assessments will find themselves well-suited to compete for similar future opportunities.

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Notice Information

Notice Title

Homes England - Property Framework - Valuation of Northfleet Embankment - Kent

Notice Description

Homes England sought to appoint an Independent Valuation Firm ("Valuer") from its national Property Panel. The appointed Valuer will be required to provide an initial Red Book valuation for the development of 598 homes at the Northfleet Embankment site in Kent. The Reports are for lending security purposes in relation to a proposed recoverable investment facility from the Home Building Fund and will be used by Homes England as part of their initial and on-going Due Diligence. The Homes England Investment Transaction and Portfolio Management teams require these services to support the successful delivery of a recoverable investment transaction. The scope of reporting requirements included an initial Red Book valuation report by 21st October 2019, to include commentary on Land value (residual valuation), GDV, market absorption rates and competition, the Borrower assumptions included in their sales and marketing strategy, ongoing annual re-valuations may be required and should have been quoted for.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-02535256-b09d-40ad-9a38-1d277bff3f50
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2a776b65-4be3-4c02-ae37-55e9c2036c70
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not applicable
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£14,650 Under £100K
Lots Value
Not specified
Awards Value
£14,650 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Oct 20196 years ago
Submission Deadline
7 Oct 2019Expired
Future Notice Date
Not specified
Award Date
7 Oct 20196 years ago
Contract Period
8 Oct 2019 - 30 Nov 2021 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1H 0TL
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLJ South East (England)
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

GVA T/A AVISON YOUNG

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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