Award

Provision of Asset Valuation Services

WYRE FOREST DISTRICT COUNCIL

This public procurement record has 2 releases in its history.

Award

20 Jan 2017 at 14:19

Award Notice
Tender

18 Nov 2016 at 20:16

Tender Notice
Summary of the contracting process

Wyre Forest District Council is seeking to appoint a contractor for the "Provision of Asset Valuation Services" within the real estate agency services sector. The procurement process is currently at the Award stage, having been published on 16th September 2016. The contract, with a total value of £60,000, is intended to commence on 1st November 2016, lasting initially for two years with an option for a two-year extension until 31st October 2020. Interested parties were required to submit their tenders by 2pm on 10th October 2016. Services will be delivered primarily in the West Midlands of England.

This tender presents a valuable opportunity for businesses specialising in asset valuation and property consultancy services, particularly small and medium-sized enterprises (SMEs) that can meet the requirements outlined in the Chartered Institute of Public Finance and Accountancy (CIPFA) guidelines and International Financial Reporting Standards (IFRS). Businesses equipped with the expertise to conduct asset valuations following the RICS Red Book standards, and those familiar with local authority accounting, will be well-positioned to compete for this contract, which includes both initial physical inspections and ongoing valuation assessments.

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Notice Information

Notice Title

Provision of Asset Valuation Services

Notice Description

Wyre Forest District Council wishes to appoint a Contractor for the provision of asset valuation services prepared in accordance with the Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Practice on Local Authority Accounting in the UK ('The Code'), International Financial Reporting Standards (IFRS) and RICS Red Book. The Council is proposing an initial 2 year contract with the option to extend for 2 years, commencing with the asset valuations required for the Financial Year 2016/17. Valuation of the Asset Classes on the attached Schedule (Appendix C) at 1st April each year in accordance with the relevant valuation basis as determined by the CIPFA Accounting Code of Practice, IFRS and the RICS Red Book having regard to the Council's Accounts Close Down Timetable (subject to annual revision to take into account any changes, eg. earlier statutory closedown of the Accounts). The Council's assets are valued on a 5-year Rolling Programme, although some assets may require valuing more frequently. The attached (Appendix C) is the current 5 Year Rolling Programme, giving an indication of the properties due to be valued, although it is subject to change at any point with the addition and disposal of assets. Most assets will require initial physical inspection, although a sampling approach may be utilised as appropriate, for example car parks valued on an income basis. The deadline for submissions is 2pm, Monday 10th October 2016. The Council is using the e-procurement portal known as the Due North Pro-Contract portal https://procontract.due-north.com to conduct this procurement exercise. To gain access to the Invitation to Tender document, please visit the above website. Tenderers will need to electronically submit an expression of interest and an electronic copy of the ITT will be sent as an attachment. If you have any problems or queries gaining access to the Pro-Contract portal please contact The Service desk on 01670 597136 who are available between the hours of 08:30 and 17:30 Monday to Friday (excluding UK Public Holidays). Additional information: The Council is using the e-procurement portal known as the Due North Pro-Contract portal https://procontract.due-north.com to conduct this procurement exercise. To gain access to the Invitation to Tender document, please visit the above website. Tenderers will need to electronically submit an expression of interest and an electronic copy of the ITT will be sent as an attachment. If you have any problems or queries gaining access to the Pro-Contract portal please contact The Service desk on 01670 597136 who are available between the hours of 08:30 and 17:30 Monday to Friday (excluding UK Public Holidays).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-30d2b275-adca-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/698dbceb-4a7d-4e5d-b870-1304af55eb13
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70300000 - Real estate agency services on a fee or contract basis

Notice Value(s)

Tender Value
£60,000 Under £100K
Lots Value
Not specified
Awards Value
£10,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Jan 20179 years ago
Submission Deadline
10 Oct 2016Expired
Future Notice Date
Not specified
Award Date
10 Nov 20169 years ago
Contract Period
22 Dec 2016 - 21 Dec 2018 1-2 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
WYRE FOREST DISTRICT 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
KIDDERMINSTER
Postcode
DY11 7WF
Post Town
Dudley
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG1 Herefordshire, Worcestershire and Warwickshire
Small Region (ITL 3)
TLG12 Worcestershire CC
Delivery Location
TLG West Midlands (England)
Local Authority
Wyre Forest
Electoral Ward
Mitton
Westminster Constituency
Wyre Forest

Supplier Information

Number of Suppliers
1
Supplier Name

BRUTON KNOWLES

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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