Tender

Valuation of Shared Waste Partnership Assets

HAMPSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Tender

18 Dec 2023 at 11:25

Tender Notice
Summary of the contracting process

The Hampshire County Council, acting on behalf of Project Integra, is conducting a procurement process for the valuation of shared waste partnership assets as at 31 March 2024. The contract encompasses land, buildings, and specialist plant/equipment for five specific sites in Hampshire and Portsmouth. The anticipated contract start date is 5 February 2024, with valuations due by 8 April 2024. Interested parties must submit clarification queries and express interest by 5 January 2024, and submit quotations by 19 January 2024. The procurement method is competitive quotation (below threshold), with a contract value of £25,000.

This tender by Hampshire County Council presents an opportunity for businesses involved in real estate services to engage in a competitive procurement process. Small and medium-sized enterprises (SMEs) could find this tender particularly suitable due to the limited procurement method employed. Businesses with expertise in asset valuation, in alignment with CIPFA Code of Practice and RICS guidance, are well-suited to participate in this procurement. The specified effective date for valuations is 31 March 2024, and the contract period runs from 5 February to 8 April 2024, providing a relatively short turnaround time for interested bidders.

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Notice Information

Notice Title

Valuation of Shared Waste Partnership Assets

Notice Description

Hampshire County Council, on behalf of Project Integra, a local authority partnership comprising Hampshire County Council, Southampton City Council and Portsmouth City Council with Hampshire Waste Services Ltd require a valuation of the shared waste partnership assets as at 31 March 2024 for financial accounting purposes to include land, buildings & specialist plant/equipment. This includes the following five sites. 1) Chineham Energy Recovery Facility, Whitmarsh Lane, Chineham, Basingstoke, Hampshire, RG24 8LL 2) Marchwood Energy Recovery Facility, Marchwood Industrial Park, Oceanic Way, Southampton, Hampshire, SO40 4BD 3) Portsmouth Energy Recovery Facility, Quartremaine Road, Portsmouth, Hampshire, PO3 5HQ 4) Alton Material Recovery Facility, Farnham Road, Upper Froyle, Alton, Hampshire, GU34 4JD 5) Portsmouth Material Recovery Facility, Quartremaine Road, Portsmouth, Hampshire, PO3 5HQ Valuation Requirements The principles and practices used to compile the financial statements of local authorities are governed by the CIPFA Code of Practice 2023/24 ('the Code'), based on International Financial Reporting Standards (which means that asset valuations must be valid at the closing balance sheet date of 31st March each year). The specified assets must be valued in accordance with requirements of the CIPFA Code and the Statements of Asset Valuation Principles and Guidance Notes issued by the Royal Institution of Chartered Surveyors. Effective Date of Valuations The effective date for valuations is 31st March 2024 Contract Details The contract will be with Hampshire County Council as lead authority for the partnership. The anticipated start date for the contract will be 5 February 2024. Valuations should be completed and draft report issued no later than 8 April 2024. Contact Details Please direct any questions to capital.accounting@hants.gov.uk Please note the following deadlines for responding to this request. Deadline for clarification queries and confirmation of interest: 5pm Friday 5 January 2024 Quotation return: 5pm Friday 19 January 2024

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6a0b85e7-733f-48aa-ab58-536502cd0050
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b82f2462-70a2-4698-8fa3-1238063fb762
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (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
£25,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Dec 20232 years ago
Submission Deadline
19 Jan 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
5 Feb 2024 - 8 Apr 2024 1-6 months
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
HAMPSHIRE 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
WINCHESTER
Postcode
SO23 8ZB
Post Town
Southampton
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ36 Central Hampshire
Delivery Location
TLJ South East (England)
Local Authority
Winchester
Electoral Ward
St Michael
Westminster Constituency
Winchester

Further Information

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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