Award

MVDC AH PROPERTY EVALUATIONS FOR THE PURPOSE OF IFRS REPORTING AND INSURANCE VALUATIONS - AWARD

SE SHARED SERVICES

This public procurement record has 2 releases in its history.

AwardUpdate

22 Nov 2018 at 16:03

Award

22 Nov 2018 at 16:03

Summary of the contracting process

The procurement process titled "MVDC AH Property Evaluations for the Purpose of IFRS Reporting and Insurance Valuations" has been awarded by SE Shared Services, located in Dorking, Surrey, within the South East region of the United Kingdom. This contract falls under the category of "Commercial property management services" and involved an open procurement method. The successful bidder, Wilks Head & Eve LLP, will undertake the valuation of approximately 200 Council properties, with the contract period scheduled to commence on 1 December 2018 and concluding on 1 December 2021. The tender period concluded on 30 November 2018, marking key deadlines in this process.

This tender presents significant opportunities for professional valuers and firms specialising in asset evaluations, particularly those familiar with IFRS and RICS standards. Small and medium-sized enterprises (SMEs) with experience in property valuations are likely to find this procurement attractive, given that SE Shared Services expressed a preference for suppliers in this category. Engaging in this contract could enhance a firm’s portfolio, allowing them to gain visibility and credibility within the public sector, potentially leading to further business opportunities.

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Notice Title

MVDC AH PROPERTY EVALUATIONS FOR THE PURPOSE OF IFRS REPORTING AND INSURANCE VALUATIONS - AWARD

Notice Description

To comply with IFRS requirements the Council intends to appoint an appropriately experienced firm of Valuers to undertake asset valuations of the Council's portfolio of property, this is the core service of the contract. The Valuer must complete the valuation report in accordance with the following guidance relating to asset valuation for capital accounting purposes: o Royal Institution of Chartered Surveyors (RICS) Valuation- Professional Standards 2014 (Revised 2015) and RICS Valuation - Global Standards 2017 ('The Standards') o International Financial Reporting Standards (IFRS) o Chartered Institute of Public Finance and Accounting Code of Practice on Local Authority Accounting ('The CIPFA Code') There are approximately 200 assets that require valuing. The MVDC properties are predominantly spread across the entire geographical area that is administered by the Council. The MOVA portfolio is located further afield including Wales, Basingstoke and Stratford. The details of all the assets will be provided to the successful bidder.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1e97a1d3-ea33-4228-afd0-eef54ba2d904
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e308ae89-9cb1-4b81-9e2e-fe44801cfe71
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70332200 - Commercial property management services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
22 Nov 20187 years ago
Submission Deadline
30 Nov 2018Expired
Future Notice Date
Not specified
Award Date
22 Nov 20187 years ago
Contract Period
1 Dec 2018 - 1 Dec 2021 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SE SHARED SERVICES
Contact Name
Andrew Heard (MVDC)
Contact Email
andrew.heard@molevalley.gov.uk
Contact Phone
01306870615

Buyer Location

Locality
SURREY
Postcode
RH4 1SJ
Post Town
Redhill
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ26 East Surrey
Delivery Location
TLJ South East (England)

Local Authority
Mole Valley
Electoral Ward
Dorking North
Westminster Constituency
Dorking and Horley

Supplier Information

Number of Suppliers
1
Supplier Name

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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