Award

Pension Fund Property Reinstatement Cost Assessment

STAFFORDSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

27 Jul 2022 at 07:32

Award Notice
Summary of the contracting process

Staffordshire County Council is conducting a procurement process for a project titled "Pension Fund Property Reinstatement Cost Assessment" within the real estate services industry. The procurement stage is currently marked as complete with the contract awarded on July 20, 2022. This project encompasses the assessment of reinstatement costs for 30 property assets located throughout various regions in the United Kingdom, including the North East, North West, East Midlands, London, and Scotland. The awarded contract, which has a total value of £48,300, will start on July 30, 2022, and is scheduled to conclude on July 31, 2024. Noteworthy deadlines include a required desktop inflationary update due on July 31 for both 2023 and 2024.

This tender offers considerable opportunities for businesses specialising in property assessment and valuation services. Companies with expertise in real estate evaluations, particularly those capable of providing comprehensive reports and analytics on property reinstatement costs, will find this contract attractive. The structured nature of the contract suggests that businesses well-versed in compliance with public sector procurement regulations could effectively compete for this work, positioning themselves favourably to support Staffordshire County Council's ongoing valuation needs.

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Notice Information

Notice Title

Pension Fund Property Reinstatement Cost Assessment

Notice Description

Provision of reinstatement cost assessments of the 30 property assets within Staffordshire Pension Fund Direct Property Portfolio, geographically spread throughout the country, including a desktop inflationary update in July for the following two years. Total Declared Value as at the end of Q2 2022 for each property. The figures are to be used in connection with a regular revaluation for insurance purposes and can be provided in Schedule Form with figures/calculations and comments as necessary. For those properties where no Measured Survey is available, measurement of the gross areas will be required. Two desktop updates, to be provided 31 July 2023 and 31 July 2024.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4399e608-4c21-4711-b6f4-4ec61df48c99
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fcbbc01a-10f8-42eb-b2a7-4a492cf625f9
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Exception under own internal SCC procurement regulations
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£115,800 £100K-£500K
Lots Value
Not specified
Awards Value
£48,300 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jul 20223 years ago
Submission Deadline
14 Jul 2022Expired
Future Notice Date
Not specified
Award Date
19 Jul 20223 years ago
Contract Period
29 Jul 2022 - 31 Jul 2024 2-3 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
STAFFORDSHIRE COUNTY 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
STAFFORD
Postcode
ST16 2DH
Post Town
Stoke-on-Trent
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG2 Shropshire and Staffordshire
Small Region (ITL 3)
TLG24 Staffordshire CC
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLI London, TLJ South East (England), TLK South West (England), TLL Wales, TLM Scotland
Local Authority
Stafford
Electoral Ward
Forebridge
Westminster Constituency
Stafford

Supplier Information

Number of Suppliers
1
Supplier Name

HOLLIS

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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