Award

Assets Valuation invitation to quote

HARBOROUGH DISTRICT COUNCIL

This public procurement record has 2 releases in its history.

Award

12 Jun 2018 at 14:49

Award Notice
Tender

09 Nov 2017 at 16:59

Tender Notice
Summary of the contracting process

Harborough District Council is inviting tenders for the "Assets Valuation invitation to quote" to procure valuation services related to its General Fund Assets, crucial for its capital accounting. The procurement process is currently in the award stage, with a total contract value of £9,860 for the awarded supplier, Wilks Head. The tender was published on 9 November 2017, and the tender period ended on 8 December 2017. The contract duration extends from 1 January 2018 to 31 December 2022, addressing the needs in the real estate services category, specifically in the East Midlands region of the United Kingdom.

This opportunity can significantly benefit businesses engaged in property valuation and related services, especially those qualified to comply with RICS and CIPFA standards. Small and medium-sized enterprises (SMEs) that possess the necessary accreditation and experience in property valuations would find this tender particularly relevant. Participating in such tenders presents a valuable chance for growth by expanding client portfolios in local government contracts.

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Notice Information

Notice Title

Assets Valuation invitation to quote

Notice Description

Harborough District Council is procuring a suitable supplier to provide Portfolio Valuation services in respect of our General Fund Assets. Local Government capital accounting requires the value of the Council's property assets to be properly shown in the Statement of Accounts. Valuations for inclusion in the local authority accounts must be provided in accordance with the relevant sections and standards contained within the current edition of the RICS Valuation - Professional Standards, incorporating the International Valuation Standards Global and UK editions (the Red Book). Valuations must also comply with the Chartered Institute of Public Finance and Accountancy (CIPFA) current edition of the Code of Practice on Local Authority Accounting in the United Kingdom. Valuations must be undertaken by suitably qualified and accredited valuers. The Council is introducing a rolling valuation programme to encompass each asset within a 5 year period. A formal valuation will be required for each asset identified in the rolling programme, for the relevant year concerned. In addition, a desktop valuation exercise will be required, each year. This report would not comment on specific values, but rather comment on a sector basis, such as retail, office etc., to cover property types. With regards to the Depreciated Replacement Cost properties, the changes in build costs would be required. A "comfort" letter will also be required, dated 31 March, to confirm that no material factors have arisen since the 31 January valuation date that would cause a revision to the valuation advice provided in the 31 January valuation & desktop assessment reports. Additional information: To express an interest in this opportunity, please email: commissioning@harborough.gov.uk We will then send an invitation to register an interest via our e-tendering portal.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3fc795cf-5c68-49c4-b4c6-9ed03efad4b4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3caf19e7-e309-4634-8c60-45704f5bf4ed
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Invitation to quote
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£25,000 Under £100K
Lots Value
Not specified
Awards Value
£9,860 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Jun 20187 years ago
Submission Deadline
8 Dec 2017Expired
Future Notice Date
Not specified
Award Date
28 Feb 20187 years ago
Contract Period
1 Mar 2018 - 27 Feb 2022 3-4 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
HARBOROUGH 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
MARKET HARBOROUGH
Postcode
LE16 7AG
Post Town
Leicester
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF22 Leicestershire CC and Rutland
Delivery Location
TLF East Midlands (England)
Local Authority
Harborough
Electoral Ward
Market Harborough-Great Bowden & Arden
Westminster Constituency
Harborough, Oadby and Wigston

Supplier Information

Number of Suppliers
1
Supplier Name

WILKS HEAD

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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