Award

RUG - Property Asset Valuations (Further Competition RM6168) - AWARD

RUGBY BC (RUG)

This public procurement record has 3 releases in its history.

AwardUpdate

08 Nov 2024 at 18:38

AwardUpdate

08 Nov 2024 at 18:37

Award

08 Nov 2024 at 18:35

Summary of the contracting process

Rugby Borough Council has concluded the procurement process for a contract to provide property asset valuations for their diverse portfolio of assets. The contract, titled "RUG - Property Asset Valuations (Further Competition RM6168) - AWARD," falls under the building surveying services industry (CPV: 71315300) with Rugby BC (RUG) as the buying organisation. The contract aims to cover valuation periods for financial years 2023/24, 2024/25, and 2025/26, with an option for two one-year extensions. The procurement method used was 'Other.' The key dates include a tender period that ended on 10 November 2023, and the contract period is set to commence on 1 January 2024 and conclude on 31 December 2026. The award date was 20 May 2024, and the total contract value is £187,500. The supplier awarded for this contract is Bruton Knowles.

This tender presents significant business growth opportunities for firms specialising in building surveying services, particularly those capable of handling large-scale property portfolios, including residential and commercial assets. Given the nature of the service, SMEs and VCSEs had suitability options for this contract, though the suitability status in the final update indicated a categorisation excluding these entities as viable competitors under general suitability. Firms experienced in following IFRS16 accounting standards and capable of delivering accurate property valuations can expect to enhance their portfolio through consistent, long-term contracts associated with public sector projects. This contract not only provides financial gains but also strengthens the business reputation by associating with a reputable entity like Rugby Borough Council.

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Notice Title

RUG - Property Asset Valuations (Further Competition RM6168) - AWARD

Notice Description

Rugby Borough Council (the Council) is seeking a contract to provide property valuations for all of the Council's property assets for up to three valuation periods for Financial Years 2023/24, 2024/25 and 2025/26, with the option for 2 one year extensions. The Council currently has circa 125 property assets (including offices, car parks, allotments, cemeteries, Parks, and investment properties) plus 3,700 Houses and Flats held as part of the Housing Revenue account (HRA) which due to accounting and audit requirements must be valued for the authority's Annual Statement of Accounts to ensure the carrying amount in the accounts is not materially different from their current value. This will include assets where the Council has a 'right of use' but does not own the asset, as per the IFRS16 accounting standard.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5cfff1be-b9d3-4992-85c3-308d05e17e3e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6e38ceec-2a34-4b88-86eb-6db2bf3a1ede
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 -
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

71 - Architectural, construction, engineering and inspection services


CPV Codes

71315300 - Building surveying services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£187,500 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
8 Nov 20241 years ago
Submission Deadline
10 Nov 2023Expired
Future Notice Date
Not specified
Award Date
19 May 20241 years ago
Contract Period
1 Jan 2024 - 31 Dec 2026 3-4 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
RUGBY BC (RUG)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
RUGBY
Postcode
CV21 2RR
Post Town
Coventry
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG1 Herefordshire, Worcestershire and Warwickshire
Small Region (ITL 3)
TLG13 Warwickshire CC
Delivery Location
Not specified

Local Authority
Rugby
Electoral Ward
Benn
Westminster Constituency
Rugby

Supplier Information

Number of Suppliers
1
Supplier Name

BRUTON KNOWLES

Further Information

Notice Documents

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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