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Cambridge City Council - Property Valuation Services Contract

CAMBRIDGE CITY COUNCIL

This public procurement record has 1 release in its history.

Award

21 Apr 2022 at 12:07

Summary of the contracting process

The Cambridge City Council is seeking providers for the Property Valuation Services Contract, a requirement for maintaining accurate valuations of its portfolio of operational and non-operational properties in accordance with the CIPFA/LASAAC Code of Practice. This contract, valued at £210,000, is classified under non-residential property services and is currently active, having started on 6 January 2022 and set to conclude on 30 November 2026. The tender concluded on 4 October 2021 under an open procurement procedure, with the award to Bruton Knowles Development and Valuation Consultancy officially announced on 25 October 2021.

This contract represents a significant opportunity for businesses specialising in property valuation services, particularly those capable of handling large portfolios and adhering to stringent accounting standards. Companies that excel in this domain can leverage this contract to expand their market presence, as securing work with the local authority may enhance their credibility and lead to further public sector collaborations. Businesses equipped with expertise in local authority requirements and a strong track record in high-quality valuation services would be particularly well-suited to compete for similar opportunities in the future.

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Notice Title

Cambridge City Council - Property Valuation Services Contract

Notice Description

The Council owns and leases a portfolio of operational and non-operational properties. These must be valued in accordance with the requirements of the CIPFA/LASAAC Code of Practice on Local Authority Accounting in the United Kingdom ('the Code'). Some properties are valued annually and all properties must be valued at least once every 5 years. The valuations are required for the Council's Asset Register and Statement of Accounts and the valuation date is 31 March.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-38c73b77-4f07-465f-a859-2c9e484c0180
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ecb5f416-905c-46a6-81a8-fd8c033ccc22
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70332000 - Non-residential property services

Notice Value(s)

Tender Value
£210,000 £100K-£500K
Lots Value
Not specified
Awards Value
£210,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Apr 20223 years ago
Submission Deadline
4 Oct 2021Expired
Future Notice Date
Not specified
Award Date
24 Oct 20214 years ago
Contract Period
6 Jan 2022 - 30 Nov 2026 4-5 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
CAMBRIDGE 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
CAMBRIDGE
Postcode
CB2 3QJ
Post Town
Cambridge
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
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
Cambridge
Electoral Ward
Market
Westminster Constituency
Cambridge

Supplier Information

Number of Suppliers
1
Supplier Name

BRUTON KNOWLES DEVELOPMENT AND VALUATION CONSULTANCY

Open Contracting Data Standard (OCDS)

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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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