Award

Professional Valuation Services - Asset Valuation Rating (Reference P5219A)

TOWER HAMLETS

This public procurement record has 1 release in its history.

Award

03 Oct 2017 at 09:58

Summary of the contracting process

Tower Hamlets, located in London, is seeking professional valuation services for its corporate property and housing estate, highlighted in the tender titled "Professional Valuation Services - Asset Valuation Rating (Reference P5219A)." This procurement falls under the real estate services industry category and was conducted through an open procedure, now in the Award stage. The contract, awarded on 3rd October 2017, has an estimated value of £480,000 and will extend from 1st November 2017 to 31st October 2023. The tender had a deadline for submissions on 17th July 2017.

This opportunity presents a significant potential for business growth, particularly for RICS accredited firms experienced in asset valuations, reinstatement valuations for insurance purposes, and rating advice. Businesses in the real estate services sector looking to expand their portfolio or enhance their service offerings may find this contract appealing. The successful supplier, Wilks Head & Eve LLP, exemplifies the type of established firm that might compete in this technically specialised field.

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Notice Title

Professional Valuation Services - Asset Valuation Rating (Reference P5219A)

Notice Description

Provide professional valuation services across its corporate property & housing estate. The contracts require RICS accredited firms to provide a range of services including annual asset valuations (general fund and HRA), re-instatement valuations for insurance purposes and rating advice relating to the 2017 list.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6c8e411b-5822-4cb0-a585-61ba8d865a01
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a8ec550a-4c52-44fb-941b-330d3d73ccb1
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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
£360,000 £100K-£500K
Lots Value
Not specified
Awards Value
£480,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Oct 20178 years ago
Submission Deadline
17 Jul 2017Expired
Future Notice Date
Not specified
Award Date
2 Oct 20178 years ago
Contract Period
1 Nov 2017 - 31 Oct 2023 Over 5 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
TOWER HAMLETS
Contact Name
Ambia Begum
Contact Email
procurement@towerhamlets.gov.uk
Contact Phone
+44 2073640783

Buyer Location

Locality
LONDON
Postcode
E14 2BG
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified

Local Authority
Tower Hamlets
Electoral Ward
Poplar
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

WILKS HEAD & EVE

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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