Award

MPF- Independant Property Valuer

WIRRAL BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

18 Nov 2016 at 20:17

Award Notice
Summary of the contracting process

The procurement process involves the Merseyside Pension Fund (MPF), administered by Wirral Borough Council, which is seeking tenders for the provision of an Independent Property Valuer. This contract, valued at £300,000, falls under the industry category of portfolio management services and requires the successful bidder to provide quarterly valuations for a UK direct property portfolio valued at £380 million. The tender was active until 4 January 2016, with the contract period running from 1 February 2016 to 31 January 2021. Interested parties are encouraged to submit their responses through The Chest platform.

This tender provides significant opportunities for businesses specialising in property valuation and management services, particularly those with experience in public sector contracts. Companies that are well-suited to compete may include established property consultancy firms or independent valuers with a proven track record in the industry. Engaging with the Merseyside Pension Fund can lead to further contracts within the local government sector, enhancing business growth prospects in a competitive marketplace.

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Notice Information

Notice Title

MPF- Independant Property Valuer

Notice Description

Merseyside Pension Fund (MPF) is a Local Government Pension Fund and administered by Wirral Borough Council on behalf of five Councils in the Merseyside area and a wide range of other employing bodies. The value of the Fund was PS6.5bn as at 30 September 2015 with 128,254 members and over 46,000 pensioners as at 31 March2015. The contract is for the provision of an Independent Valuation for the UK direct property portfolio valued PS380m as at 30 September 2015, every quarter. (APPENDIX 1). The direct property portfolio is managed on an advisory basis with the Strategic Property Adviser, currently CBRE Capital Advisers Ltd and the Property Manager (Operational), currently CBRE Ltd Asset Services. Both these contracts have recently been tendered and evaluation of the responses has not been concluded. Additional information: All correspondence and submissions via The Chest https://www.the-chest.org.uk/ All correspondence via The Chest

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-62f1bf0f-adc9-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/70873478-8a23-49a6-9eaf-edc8aee12bb8
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
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66140000 - Portfolio management services

66520000 - Pension services

Notice Value(s)

Tender Value
£300,000 £100K-£500K
Lots Value
Not specified
Awards Value
£300,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20169 years ago
Submission Deadline
4 Jan 2016Expired
Future Notice Date
Not specified
Award Date
25 Jan 201610 years ago
Contract Period
1 Feb 2016 - 31 Jan 2021 Over 5 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
WIRRAL BOROUGH 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
BIRKENHEAD
Postcode
CH41 5AL
Post Town
Chester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD74 Wirral
Delivery Location
TLD North West (England)
Local Authority
Wirral
Electoral Ward
Birkenhead and Tranmere
Westminster Constituency
Birkenhead

Supplier Information

Number of Suppliers
1
Supplier Name

SAVILLS (UK

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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