Award

Commercial Property Intelligence - Non Residential Property Data

VALUATION OFFICE AGENCY

This public procurement record has 1 release in its history.

Award

05 May 2023 at 17:50

Award Notice
Summary of the contracting process

The Valuation Office Agency has awarded a contract for Commercial Property Intelligence - Non Residential Property Data. The contract, valued at £1,819,500.36 GBP, involves renewing its data subscription for non-residential property data, supporting various valuation purposes. The contract was awarded to CoStar, a large-scale supplier based in London, with the contract period running from April 1, 2023, to March 31, 2026, and was awarded through a single-source/direct award procurement method.

This tender presents opportunities for businesses involved in real estate services, particularly those providing data and intelligence related to non-residential properties. Companies with expertise in core valuation data, marketing information, and transactional data of individual properties would be well-suited to compete in this procurement process. The location of the procurement is in England, and the specific industry category is real estate services.

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Notice Information

Notice Title

Commercial Property Intelligence - Non Residential Property Data

Notice Description

Awarded contract - this means that the contract has been awarded to a supplier and is being published for transparency purposes only. Commercial Property Intelligence. The VOA has a requirement to renew its Data Subscription for Non-residential Property Data. The provision of this data supports the VOA in a wide variety of valuation purposes; ensuring the quality and completeness of our data, reducing the need for physical inspections, increasing the timeliness of response to taxpayers and finally to limit the burden on occupiers to provide information about their properties. The supply of this data should comprise of information relating to core valuation data, marketing and transactional information of individual properties. The data will only be required for non-residential properties.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0c0dc639-cf24-47a1-84d3-833d023cd02c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7ed47fd0-8b1a-449e-989b-65517e69d4b0
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Not Specified
Procurement Method Details
Other - Single Source / Direct Award for technical reasons under PCR 2015, Regulation 32(2)(b)(ii)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£1,819,500 £1M-£10M
Lots Value
Not specified
Awards Value
£1,819,500 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
5 May 20233 years ago
Submission Deadline
1 Feb 2023Expired
Future Notice Date
Not specified
Award Date
30 Mar 20233 years ago
Contract Period
31 Mar 2023 - 31 Mar 2026 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
VALUATION OFFICE 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
E14 4PU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

COSTAR

Further Information

Open Contracting Data Standard (OCDS)

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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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