Award

Valuation of WBC Properties for Insurance Purposes - AWARD

WEST BERKSHIRE COUNCIL

This public procurement record has 2 releases in its history.

AwardUpdate

17 Jan 2025 at 15:46

Award

17 Jan 2025 at 15:46

Summary of the contracting process

West Berkshire Council is seeking a company to conduct a 5-year rolling programme of insurance valuations for all Council properties. This procurement process falls under the financial and insurance services category. The tender employs a restricted procedure and covers various geographical locations, including the United Kingdom, Europe, and the British Overseas Territories. The project entails evaluating approximately 20% of properties annually, including commercial investment properties and over 300 operational properties. The contract period starts on 6th January 2025 and ends on 5th January 2030, with an award value of £36,200. The tender process concluded on 9th December 2024, and the contract was awarded to Wilks Head & Eve LLP on 23rd December 2024.

This tender presents a lucrative opportunity for businesses specialising in financial and insurance services. The extended contract duration offers a steady workflow, with the possibility of further property evaluations given the Council's vast and diverse portfolio. Larger firms with the capacity to handle extensive and varied property portfolios across multiple regions would be well-suited to take on this project, fostering significant business growth through long-term collaboration with a reputable council buyer.

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Notice Title

Valuation of WBC Properties for Insurance Purposes - AWARD

Notice Description

Currently we have a 5 year rolling programme of insurance valuations for all the Council's properties which is coming to an end. We now wish to procure a company to carry out a 5-year programme of rolling insurance valuations with approximately 20% valued each year. In 2018 West Berkshire Council commenced the acquisition of a commercial Property Investment Portfolio which currently comprises of eight investment properties scattered geographically across the UK (though it is envisaged to dispose of these over the course of this contract). In addition, the council owns two small industrial estates and six stand-alone properties locally that are also categorised as investment properties. The council also owns approximately 300 operational properties including community centres, schools, libraries, toilets, caretakers and homeless persons residential accommodation, farms, etc.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3073d924-acad-454d-9664-350d8e20b9f9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/42af5693-ef96-4f30-8e00-99a1ac7ab437
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£36,200 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Jan 20251 years ago
Submission Deadline
9 Dec 2024Expired
Future Notice Date
Not specified
Award Date
23 Dec 20241 years ago
Contract Period
6 Jan 2025 - 5 Jan 2030 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
WEST BERKSHIRE 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
BERKSHIRE
Postcode
RG14 5LD
Post Town
Reading
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ16 Berkshire West
Delivery Location
Not specified

Local Authority
West Berkshire
Electoral Ward
Newbury Central
Westminster Constituency
Newbury

Supplier Information

Number of Suppliers
1
Supplier Name

WILKS HEAD & EVE

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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