Award

MBC Property Valuation

MAIDSTONE BOROUGH COUNCIL

This public procurement record has 2 releases in its history.

Award

27 Feb 2025 at 10:53

Award Notice
Tender

04 Sep 2024 at 15:50

Tender Notice
Summary of the contracting process

Maidstone Borough Council (MBC) initiated a tender process seeking qualified contractors for MBC Property Valuation services, primarily targeting the Residential and Non-residential property services industry categories. The procurement, conducted through an open procedure, covered asset valuations for yearend financial reporting and insurance. The timeline featured a Tender release on 4th September 2024, submission deadline on 9th October 2024, and projected contractor appointment by 18th October 2024, with the contract spanning from 11th November 2024 to 10th November 2027, located in England, UK. Maidstone Borough Council later awarded the contract to Wilks Head & Eve LLP starting on 31st January 2025 for a five-year term, including three optional annual extensions, at a value of £210,050.

This tender presents significant business growth opportunities for entities specialising in property valuation and asset management, with an emphasis on those experienced in handling both residential and commercial properties. It is particularly well-suited for SMEs and organisations in the voluntary, community, and social enterprise sectors. Engaging in this contract allows the awarded business to expand its portfolio and potentially secure long-term engagements amidst MBC’s increasing housing portfolio, which aims to add substantial affordable and private rented sector properties.

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Notice Information

Notice Title

MBC Property Valuation

Notice Description

Maidstone Borough Council (MBC) is looking for quotes from suitably experienced and qualified contractors to undertake its asset valuations for yearend financial reporting and insurance purposes. The current assets (see appendix A) are likely to increase over the next 10 years as we continue to increase our Housing portfolio for affordable housing. We are aiming to increase the stock up to around 1,000 Affordable and 350 private rented sector properties. Key and Timeline: Tender release: Wednesday 4th September 2024 Expression of Interest Deadline: 12:00pm Wednesday 2nd October 2024 Deadline for submission of completed tenders: 12:00pm Wednesday 9th October 2024 Evaluation: w/c Monday 14h October 2024 Appointment of contractor: by 18th October 2024 Contract Start Date: 11th November 2024 Please express your interest via the Kent Business Portal: Link to register: https://procontract.due-north.com/register Project Reference: DN741637

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-260bedfe-987a-4b08-a556-8f5619a2ba44
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/64360926-16ec-41b5-b45b-bf1fd811ce9c
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70331000 - Residential property services

70332000 - Non-residential property services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£210,050 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Feb 202512 months ago
Submission Deadline
2 Oct 2024Expired
Future Notice Date
Not specified
Award Date
10 Dec 20241 years ago
Contract Period
31 Jan 2025 - 30 Jan 2030 Over 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
MAIDSTONE BOROUGH COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MAIDSTONE
Postcode
ME15 6JQ
Post Town
Rochester
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ4 Kent
Small Region (ITL 3)
TLJ45 Mid Kent
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
Maidstone
Electoral Ward
High Street
Westminster Constituency
Maidstone and Malling

Supplier Information

Number of Suppliers
1
Supplier Name

WILKS HEAD & 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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