Award

Tender for the Valuation of Land and Building Services - AWARD

NATIONAL MUSEUMS LIVERPOOL

This public procurement record has 2 releases in its history.

AwardUpdate

15 Jul 2022 at 13:32

Award

28 Jun 2022 at 10:04

Summary of the contracting process

The procurement process for the "Tender for the Valuation of Land and Building Services" has been led by National Museums Liverpool (NML), located at William Brown Street, Liverpool, United Kingdom. The contract, awarded to Gerald Eve LLP, spans from 1 April 2022 to 30 April 2026, and involves annual desktop and quinquennial full valuations in compliance with Financial Reporting Standard 15 (FRS15). The tender was conducted using an open procedure, with a value of £80,000 and a minimum value of £60,000. The tender period concluded on 2 February 2022.

This contract presents a significant opportunity for businesses specialising in non-residential property services, financial management consultancy, and quantity surveying. Small and medium-sized enterprises (SMEs) could especially benefit from competing for similar future tenders due to the requirements for full property valuations. Firms with expertise in compliance with financial reporting standards will be well-suited to explore such opportunities within public sector procurement.

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Notice Title

Tender for the Valuation of Land and Building Services - AWARD

Notice Description

National Museums Liverpool (NML) is seeking to appoint one contractor to provide a full valuation of the land and buildings of their property assets for inclusion in its Financial Statements. This tender is for the period until 30 April 2026 to cover annual desktop and quinquennial full valuations. The valuation standard to be adopted must comply with the requirements of Financial Reporting Standard 15 (FRS15). NML's statutory obligation is that valuations will be prepared to comply with FRS 102 "The Financial Reporting Standard Applicable in the UK and Republic of Ireland" and in particular Charities SORP (FRS 102). The FRS is a single financial reporting standard that applies to the financial statements of entities that are not applying EU-adopted IFRS, FRS 101 or FRS 105. Further details are set out in the procurement documents.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-21e6d795-a809-4992-8aee-39c7363ae5e2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/294eb414-fd75-4478-871e-69108682d332
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

71 - Architectural, construction, engineering and inspection services

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

70332000 - Non-residential property services

70332100 - Land management services

70332200 - Commercial property management services

71324000 - Quantity surveying services

79211200 - Compilation of financial statements services

79212110 - Corporate governance rating services

79412000 - Financial management consultancy services

79419000 - Evaluation consultancy services

Notice Value(s)

Tender Value
£80,000 Under £100K
Lots Value
Not specified
Awards Value
£62,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
15 Jul 20223 years ago
Submission Deadline
2 Feb 2022Expired
Future Notice Date
Not specified
Award Date
31 Mar 20223 years ago
Contract Period
31 Mar 2022 - 30 Apr 2026 4-5 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
NATIONAL MUSEUMS LIVERPOOL
Contact Name
Tina Yu
Contact Email
tina.yu@liverpoolmuseums.org.uk
Contact Phone
0151 207 0001

Buyer Location

Locality
MERSYSIDE
Postcode
L3 8EN
Post Town
Liverpool
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
TLD North West (England)

Local Authority
Liverpool
Electoral Ward
City Centre North
Westminster Constituency
Liverpool Riverside

Supplier Information

Number of Suppliers
1
Supplier Name

GERALD 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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