Tender

Commercial Asset Valuations

ADVANCE NORTHUMBERLAND LIMITED

This public procurement record has 1 release in its history.

Tender

15 Nov 2023 at 09:03

Summary of the contracting process

The buying organization, Advance Northumberland Limited, has released a tender titled "Commercial Asset Valuations" within the real estate services industry. The procurement stage is currently active, with a deadline for tender submissions on December 13, 2023. The contract period is set to start on January 1, 2024, and end on March 31, 2026. The tender, valued at £75,000 GBP, follows an open procurement method and invites MRICS Surveyors to provide asset valuations across the UK.

This tender from Advance Northumberland Limited presents an opportunity for MRICS Surveyors and other SMEs to engage in a 3-year contract for commercial asset valuations. Businesses offering real estate services and valuation expertise particularly suit this tender opportunity. With a focus on upgrading asset valuation standards within the United Kingdom, successful bidders stand to contribute significantly to Advance Northumberland's commercial portfolio management for the next three years.

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Notice Title

Commercial Asset Valuations

Notice Description

As part of yearly accountancy practices Advance Northumberland require annual asset re-valuations to be carried out across their commercial portfolio. Advance Northumberland therefore are looking to appoint MRICS Surveyors to provide comprehensive Asset valuations of Commercial Portfolio valued in accordance with MRICS Valuation standards in accordance with UKGAAP (FRS 102) regulations. The appointment will be for a 3-year period, and we require a full comprehensive on-site inspection and a detailed report in the first year. Years 2 and 3 are to be carried out via desktop revaluations of previous years' values (with updated tenancy schedules and property changes provided by Advance Northumberland, 3 months prior to valuation date). Additional information: Advertised on ProContract

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-29855813-b47e-4363-9479-18adea5a0107
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ce46cab0-87b3-4b52-aa7a-1d1293ade018
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£75,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Nov 20232 years ago
Submission Deadline
13 Dec 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Jan 2024 - 31 Mar 2026 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
ADVANCE NORTHUMBERLAND LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
ASHINGTON
Postcode
NE63 8QZ
Post Town
Newcastle upon Tyne
Country
England

Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC42 Northumberland
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
Northumberland
Electoral Ward
Bothal
Westminster Constituency
Blyth and Ashington

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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