Tender

Request for Quotation for This Land Development LTD Property Portfolio Valuation

CAMBRIDGESHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Tender

29 Aug 2024 at 14:12

Tender Notice
Summary of the contracting process

Cambridgeshire County Council has awarded a contract to Savills (UK) Ltd for the valuation of a property portfolio owned by This Land Development Ltd, an arm's length development company wholly owned by the council. The contract, which falls under the real estate services industry category, covers 13 residential development sites primarily located in Cambridgeshire, with additional sites in Hertfordshire, Essex, and Suffolk. Key dates in this procurement included the tender period ending on 16th September 2024 and the contract running from 2nd October 2024 to 1st October 2026 with a possibility of extension. The total value of the contract award is £99,000, with initial valuations required within six weeks of appointment, no later than 13th November 2024.

This tender presents significant opportunities for businesses that specialise in property valuation, particularly those adept at handling residential developments. The contract's demand for RICS Red Book valuations and associated advice makes it well-suited for firms with expertise in detailed property analysis and long-term portfolio management. Small and medium-sized enterprises (SMEs) can leverage this project to showcase their competence in delivering high-quality valuation services and potentially secure further contracts with public sector organisations.

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Notice Information

Notice Title

Request for Quotation for This Land Development LTD Property Portfolio Valuation

Notice Description

Cambridgeshire County Council (CCC) acting in its role as a lender, invites quotations for the provision of RICS Red Book valuations and associated advice for a portfolio of 13 predominantly residential development sites mainly located in Cambridgeshire (one in Hertfordshire). The sites are owned by This Land Development Ltd (TL) an arm's length development company, wholly owned by CCC. There are a further 5 assets (in Essex and one in Suffolk) where TL has a contractual arrangement in place to promote the sites through the planning process and consideration of the value to the company of these contracts is required. Initial valuations are required within a 6 week period from appointment (no later than the 13th November 2024), with the contract remaining open for two years with possible extension.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2db5c0c0-a83f-4388-bab0-cf830645a7f6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b1e4b09c-0fce-45f6-b5b8-240380cbf7a5
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 (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

70331000 - Residential property services

Notice Value(s)

Tender Value
£70,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
29 Aug 20241 years ago
Submission Deadline
16 Sep 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Oct 2024 - 1 Oct 2026 1-2 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
CAMBRIDGESHIRE COUNTY 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
HUNTINGDON
Postcode
PE28 4YE
Post Town
Peterborough
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH4 Cambridgeshire and Peterborough
Small Region (ITL 3)
TLH42 Cambridgeshire CC
Delivery Location
Not specified
Local Authority
Huntingdonshire
Electoral Ward
The Stukeleys
Westminster Constituency
Huntingdon

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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