Award

WHC- Asset Valuation - AWARD

WELWYN HATFIELD BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

14 Mar 2025 at 09:44

Award Notice
Summary of the contracting process

Welwyn Hatfield Borough Council has concluded the procurement process for asset valuation services, targeting the financial consultancy industry. The contract, titled "WHC- Asset Valuation - AWARD", involves the evaluation of council assets and is divided into two Lots: General Fund and Housing Revenue Account (HRA). The procurement utilised an open procedure and the award was announced on 14th March 2025. The project is set to commence on 1st October 2024 and will run until 30th April 2029, taking place in East of England, United Kingdom, with key dates including the tender period ending on 16th August 2024.

This tender provides a significant opportunity for businesses in the financial consultancy sector to engage in long-term asset valuation services. Companies with expertise in financial consultancy, particularly those accustomed to working with local government assets, are well-suited for this contract. The procurement process encouraged competition by allowing bids for one or both Lots, making it accessible for specialised firms as well as larger entities capable of handling multiple streams. Lambert Smith Hampton Group Ltd and Wilks Head & Eve LLP have been awarded the contract, highlighting their strong positions in the industry.

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Notice Information

Notice Title

WHC- Asset Valuation - AWARD

Notice Description

Welwyn Hatfield Borough Council is seeking a suitably qualified and experienced company(ies) to undertake valuation of the council's assets. The contract is split into two Lots (General Fund - Lot 1 and the Housing Revenue Account (HRA) - Lot 2). Bidders may bid for either or both of the Lots. The Lots will be assessed independently of each other and be awarded to the bidder that scores the highest against the evaluation criteria.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0bec38bb-d7a4-41d0-b4e8-e87b414f176e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f969caca-e751-47f7-bcfb-8f83923b3b12
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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
14 Mar 202511 months ago
Submission Deadline
16 Aug 2024Expired
Future Notice Date
Not specified
Award Date
14 Mar 202511 months ago
Contract Period
30 Sep 2024 - 30 Apr 2029 4-5 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
WELWYN HATFIELD BOROUGH COUNCIL
Contact Name
Andrew Harper (WHBC)
Contact Email
a.harper@welhat.gov.uk
Contact Phone
+44 1707357371

Buyer Location

Locality
HERTS
Postcode
AL8 6AE
Post Town
St Albans
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH26 North and East Hertfordshire
Delivery Location
Not specified
Local Authority
Welwyn Hatfield
Electoral Ward
Handside
Westminster Constituency
Welwyn Hatfield

Supplier Information

Number of Suppliers
2
Supplier Names

LAMBERT SMITH HAMPTON GROUP

WILKS HEAD & EVE

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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