Tender

GBC PT Leasehold Enfranchisement and Shared Ownership Valuation

GUILDFORD BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Tender

29 Dec 2017 at 11:44

Tender Notice
Summary of the contracting process

The Guildford Borough Council is seeking tenders for the project titled "GBC PT Leasehold Enfranchisement and Shared Ownership Valuation" within the real estate services industry. The tender, which follows an open procurement method, is currently active and has a deadline for submissions on 29th January 2018. The contract period will commence on 1st April 2018 and extend until 31st March 2021, with a potential extension for an additional two years. The successful bidder will be responsible for valuing around 230 shared ownership dwellings and providing yearly valuations for lease extensions.

This tender presents opportunities for business growth particularly for small and medium-sized enterprises (SMEs) specialising in property valuation and real estate consulting. Companies with experience in leasehold enfranchisement legislation and adherence to the RICS Code of Practice would be well-positioned to compete. Given the clear requirements outlined by the Council, there is scope for businesses that can demonstrate their capability to deliver accurate and compliant valuation services for social housing. The estimated contract value of £100,000 further underscores its significance in the local market.

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Notice Information

Notice Title

GBC PT Leasehold Enfranchisement and Shared Ownership Valuation

Notice Description

Guildford Borough Council (the "Council") has a statutory duty to ensure that the value of the Council's property assets reflect Current Value for operational properties or Fair Value for investment property and surplus property assets, and that each property asset is valued at least once every five years. This Invitation to Tender invites organisations to tender for a three-year contract with the option to extend for one plus one further year to carry out valuations of Leasehold and Shared Ownership properties with regards to lease extensions. The tenderer's proposed methodology for each element of the services described in this Brief must be compliant with the legislation and the RICS Code of Practice relating to valuations for leasehold enfranchisement and equity sharing of social housing. The Council seeks to appoint a single organisation with adequate resources and a proven record of accomplishment to undertake this contract to help ensure greater certainty and accuracy within the Council's balance sheet that is robust to Auditor scrutiny. The contract will comprise the valuation of around 230 dwellings held under shared ownership with an unexpired leasehold term of less than 80 years, and around 250 dwellings held under a long lease since 1980. A valuation is required each time the leaseholder puts in a request to extend their lease. There is the potential for each year the Contractor may be required to provide a valuation service for up to 10 to 15 per year.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-67f82c64-d29f-4104-b079-fc6211b58cb5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c79985ca-831c-439f-9be6-c834a59e0f90
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

Notice Value(s)

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

Notice Dates

Publication Date
29 Dec 20178 years ago
Submission Deadline
29 Jan 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2018 - 31 Mar 2021 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
GUILDFORD 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
GUILDFORD
Postcode
GU2 4BB
Post Town
Guildford
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ25 West Surrey
Delivery Location
TLJ South East (England)
Local Authority
Guildford
Electoral Ward
St Nicolas
Westminster Constituency
Guildford

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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