Award

TD1244 - Commercial & Residential Asset Valuations

DERBY CITY COUNCIL

This public procurement record has 1 release in its history.

Award

06 Oct 2017 at 09:16

Award Notice
Summary of the contracting process

Derby City Council has conducted a procurement process titled "TD1244 - Commercial & Residential Asset Valuations" under the Eastern Shires Purchasing Organisation (ESPO) Framework. This contract, classified under real estate services, mandates asset valuations for both commercial and residential properties in Derby, East Midlands, UK. The initial contract period is set for three years, starting from 18 September 2017, with an option for a two-year extension based on satisfactory performance. The total value of the contract is £500,000, and the procurement process involved a further competition method with the tender period concluding on 4 August 2017.

This contract presents substantial opportunities for businesses specialising in asset valuations and estate management consultancy. Companies with expertise in real estate services, particularly those familiar with local government contracts, would be well-positioned to compete for this tender. Given the rolling nature of the asset valuation programme, firms can leverage their skills to provide ongoing support for annual and periodic assessments of Derby City Council’s portfolio.

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Notice Information

Notice Title

TD1244 - Commercial & Residential Asset Valuations

Notice Description

Derby City Council (The Council) is running a further competition exercise under the Eastern Shires Purchasing Organisation (ESPO) Framework, 2700 Estate Management Consultancy Services Lot 1a-Fixed Asset Valuation. The Council require Asset Valuations to be undertaken for both the Commercial and the Residential Portfolios. The core of the Council's Asset Valuation Programme consists of a 5 year rolling programme, whereby approximately 20% of the stock is valued each year. In addition, annual valuations are to be undertaken for all the housing stock, investment, surplus properties and properties held for sale (IFRS 13). Further valuations are also undertaken on properties whereby substantial capital expenditure has been incurred during the financial year. The initial contract period is for three years;There will be an option to extend the contract for 2 years in 1 year increments, subject to satisfactory performance and business needs.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-299bb024-5f92-45a5-a481-3bda72f1dd82
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ac15df73-3652-45d2-8549-38c8b8847adf
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - FURTHER COMPETITION
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
£500,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
6 Oct 20178 years ago
Submission Deadline
4 Aug 2017Expired
Future Notice Date
Not specified
Award Date
7 Sep 20178 years ago
Contract Period
17 Sep 2017 - 17 Sep 2020 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
DERBY CITY COUNCIL
Contact Name
Not specified
Contact Email
procurement@derby.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
DERBY
Postcode
DE1 2FS
Post Town
Derby
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF11 Derby
Delivery Location
TLF East Midlands (England)
Local Authority
Derby
Electoral Ward
Darley
Westminster Constituency
Derby South

Supplier Information

Number of Suppliers
1
Supplier Name

VALUATION OFFICE AGENCY

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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