Award

Corporate Valuers services

CAPITALESOURCING

This public procurement record has 1 release in its history.

Award

19 Oct 2022 at 11:32

Award Notice
Summary of the contracting process

The contracting authority capitalEsourcing has awarded a contract for Corporate Valuers services to Sanderson Weatherall LLP. The procurement process was marked as complete and followed a selective procurement method, specifically calling off from a framework agreement. The contract value amounts to GBP 374,920, with a contract period running from 1st September 2022 to 1st September 2025. The location for service delivery is in London, United Kingdom, under the financial and insurance services industry category.

This public procurement opportunity for Corporate Valuers services presents potential business growth opportunities for companies specializing in financial and insurance services within the UK market. Small and medium-sized enterprises (SMEs) are eligible to participate in this tender, offering them a chance to engage with local authorities for asset valuation services, ensuring compliance with industry standards set by CIPFA and RICS. Businesses equipped to deliver high-quality valuations according to established industry guidance and best practices have the potential to secure long-term contracts and contribute to the public financial accounting practices specified in the United Kingdom.

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Notice Information

Notice Title

Corporate Valuers services

Notice Description

Local Authorities throughout the UK are required by statute to produce accounts in accordance with the proper accounting practice specified in the "Code of Practice on Local Authority Accounting in the United Kingdom" (The Code) prepared by the Chartered Institute of Public Finance and Accounting (CIPFA). The Code is updated annually.The Council is required to undertake the programme of asset valuations in accordance with the Royal Institute of Chartered Surveyors (RICS) Code, guidance and standard account practice, to establishing the value of the estate, annually. Please refer to Schedule 1- Specification for more information. Valuations are to be prepared in accordance with all current industry guidance and best practice as issued by CIPFA, RICS, DLUHC.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-42c2e0b1-e2a0-410b-89bb-6d4034166a54
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/25ba13f6-5feb-4bde-9752-5b3b3019cdf6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£374,920 £100K-£500K
Lots Value
Not specified
Awards Value
£374,920 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Oct 20223 years ago
Submission Deadline
18 Jul 2022Expired
Future Notice Date
Not specified
Award Date
21 Sep 20223 years ago
Contract Period
31 Aug 2022 - 1 Sep 2025 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
CAPITALESOURCING
Contact Name
Not specified
Contact Email
natalia.borysik@rbkc.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
KENSINGTON
Postcode
W8 7NX
Post Town
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI33 Kensington & Chelsea and Hammersmith & Fulham
Delivery Location
TLI London
Local Authority
Kensington and Chelsea
Electoral Ward
Campden
Westminster Constituency
Kensington and Bayswater

Supplier Information

Number of Suppliers
1
Supplier Name

SANDERSON WEATHERALL

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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