Tender

BPSQ 065 - Housing Stock Asset Valuation 2022-2024

BIRMINGHAM CITY COUNCIL

This public procurement record has 1 release in its history.

Tender

23 Nov 2022 at 10:37

Tender Notice
Summary of the contracting process

The Birmingham City Council has issued a tender titled "BPSQ 065 - Housing Stock Asset Valuation 2022-2024" for the provision of Housing Stock Asset Valuations. The contract is set to last for 2 years starting from January 9, 2023, to January 8, 2025. The supplier is required to conduct valuations of residential properties and garages owned by the Council for financial reporting purposes, in accordance with the Chartered Institute of Public Finance and Accounting (CIPFA) guidelines. The deadline for submitting tenders is December 7, 2022, with the contract period starting on January 12, 2023.

This procurement opportunity by the Birmingham City Council presents a chance for firms specializing in evaluation consultancy services, financial management, and auditing to bid for the contract. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise organisations (VCSEs) are encouraged to participate. The Council will use its e-tendering system for this process, and interested suppliers must register to express interest. Businesses involved in asset valuation and financial consultancy services are well-suited to compete for this tender and contribute to the Council's financial reporting requirements.

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Notice Information

Notice Title

BPSQ 065 - Housing Stock Asset Valuation 2022-2024

Notice Description

The Council requires a supplier for the provision of Housing Stock Asset Valuations 2022-2024.This contract will be for a period of 2 years commencing 9th January 2023 and expiring 8th January 2025. The Council requires a supplier for the provision of its Housing Stock Asset Valuations for financial reporting purposes for a 2-year programme commencing for the fiscal year 2022/23. This will include a mixture of tenanted residential units of varying ages and character together with various garages. The supplier is required to determine a valuation of the Housing stock assets held by the Council as identified in the Asset Register compiled annually and valued as of 19th February 2023 and each subsequent year for inclusion in the authority's balance sheet in accordance with the Chartered Institute of Public Finance and Accounting (CIPFA) Code of Practice. The supplier will review and give assurance that the values at the end of each financial year (31st March) will be materially correct and if necessary, update any valuations, where the movement is material. Requirements/Specification The supplier is required to provide a valuation of the city owned residential properties with photos and comparable evidence each year of the contract for inclusion in the authority's balance sheet in accordance with the Chartered Institute of Public Finance and Accounting (CIPFA) Code of Practice and as detailed within Appendix 1. o The Council requires the Housing stock to be valued on the following basis: o Traditional /main housing stock (Freehold and Leasehold)- Beacon approach o Independent Garages - Investment Valuations o High Rise Residential blocks of flats / Housing of non-traditional construction (Defective buildings) - Discounted Cash Flow (DCF) requiring updating existing spreadsheet. To enable to the Council to achieve its objectives, the successful supplier(s) will be required to fulfil the following, o Inspection and valuation for the year's asset valuation programme. o Inspection and valuation of additional list of the year's assets o Revision of valuations queried as part of the Quality Assurance process o There are to be 2 weekly meetings with BCC to monitor progress and receive feedback and queries o Provide final agreed valuations in the excel spreadsheet provided by BCC o Respond and resolve any external audit enquiry N.B: The above is an outline specification, and a more detailed specification is provided in Appendix 1. The Council will be using its free to use e-tendering system (in-tend) for the administration of this procurement process and potential suppliers must register with the system to be able to express an interest. If you wish to express an interest in this opportunity, please click on the following link to access https://in-tendhost.co.uk/birminghamcc/ and submit your details to register. You will then be sent details on how to log on w... Additional information: Is a Recurrent Procurement Type? : No

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2fcb3434-fcbb-4dc7-bb58-d0f78c94d685
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/73e286c7-1ca8-4f00-a255-e57c60088957
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

CPV Codes

66171000 - Financial consultancy services

79212100 - Financial auditing services

79412000 - Financial management consultancy services

79419000 - Evaluation consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
23 Nov 20223 years ago
Submission Deadline
7 Dec 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
12 Jan 2023 - 10 Jan 2025 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
BIRMINGHAM CITY 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
WEST MIDLANDS
Postcode
B4 7DJ
Post Town
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
TLG West Midlands (England)
Local Authority
Birmingham
Electoral Ward
Newtown
Westminster Constituency
Birmingham Ladywood

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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