Award

Site Valuation Services

NHS SHARED BUSINESS SERVICES LTD (NHS SBS)

This public procurement record has 1 release in its history.

Award

22 Mar 2021 at 09:02

Award Notice
Summary of the contracting process

The NHS Shared Business Services Ltd (NHS SBS) is seeking to procure site valuation services for the Royal Papworth Hospital NHS Foundation Trust, specifically to conduct an interim valuation of its premises at the Cambridge Bio Medical Campus as of 31 March 2021. This process, classified under non-residential property services, is currently at the award stage following the completion of the tender, with the awarded contract valued at £15,000. The contract period is set to commence on 1 April 2021 and will conclude on 31 March 2024. The submission deadline for the tender was 3 February 2021.

This opportunity can significantly benefit firms specialising in property valuation and consultancy, particularly those with experience in the healthcare sector and familiarity with financial reporting standards. Businesses equipped to demonstrate their capability in providing robust valuations and responding to audit queries will be particularly well-positioned to compete for this contract. Engaging with NHS contracts can enhance business growth trajectories in the burgeoning health and property services markets.

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Notice Information

Notice Title

Site Valuation Services

Notice Description

Royal Papworth Hospital NHS Foundation Trust is looking to procure advisors to provide an interim estate valuation of its site at the Cambridge Bio Medical campus as at 31 March 2021. The Trust will require the advisors to provide appropriate evidence to external auditors to support the estate valuation and be prepared to respond to audit requests for supporting information and requests to discuss the valuation approach taken. The valuation is to be prepared for financial reporting purposes and will be undertaken in accordance with the DHSC Group Accounting Manual 2020/21, the Foundation Trust Annual Reporting Manual 2020/21 and International Financial Reporting Standards. The Trust will look to the advisor to determine the most appropriate methodology for obtaining a fair value.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-07d18350-27e2-4493-985d-943bc42bbf34
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/39a88061-d75d-4fe0-ae76-f7cde4516467
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70332000 - Non-residential property services

70332200 - Commercial property management services

Notice Value(s)

Tender Value
£27,000 Under £100K
Lots Value
Not specified
Awards Value
£15,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
22 Mar 20214 years ago
Submission Deadline
3 Feb 2021Expired
Future Notice Date
Not specified
Award Date
1 Mar 20214 years ago
Contract Period
31 Mar 2021 - 31 Mar 2024 3-4 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
NHS SHARED BUSINESS SERVICES LTD (NHS SBS)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CAMBRIDGE
Postcode
CB2 0AY
Post Town
Cambridge
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH4 Cambridgeshire and Peterborough
Small Region (ITL 3)
TLH42 Cambridgeshire CC
Delivery Location
Not specified
Local Authority
Cambridge
Electoral Ward
Queen Edith's
Westminster Constituency
South Cambridgeshire

Supplier Information

Number of Suppliers
1
Supplier Name

GERALD EVE

Further Information

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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