Award

Valuations Advisory Services

RAVEN HOUSING TRUST LIMITED

This public procurement record has 2 releases in its history.

AwardUpdate

24 Jan 2022 at 14:53

Award

18 Oct 2021 at 13:28

Summary of the contracting process

Raven Housing Trust Limited, located in Redhill, has recently awarded a contract for Valuations Advisory Services. This procurement falls under the financial consultancy services category with a total contract value of £122,250, effective from 1 November 2021 until 31 October 2024. The procurement was carried out through a selective method as a call-off from a framework agreement, following a tender period that concluded on 17 September 2021. The successful supplier for this contract is Jones Lang Lasalle, who will provide various valuation services including accounting, reinstatement, banking valuations, and ad hoc valuation advice.

This contract presents significant opportunities for businesses specialising in valuation services, particularly for small and medium-sized enterprises (SMEs) that are well-equipped to deliver financial consultancy. Companies involved in property management, insurance valuation, and banking assessments would benefit from this contract, especially those who have experience working with major banking valuation panels. Overall, this tender allows businesses to expand their service offerings and deepen their engagement with public sector clients.

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Notice Title

Valuations Advisory Services

Notice Description

Raven is seeking Valuation Specialists to provide the following services for the 2022/23 financial year, plus up to four additional years subject to satisfactory performance: * Accounting Valuations Full valuation across all stock once every three years, starting in the 2022/23 year; Desktop valuation across all stock for each of the interim 2 years; * Reinstatement Valuations Insurance reinstatement valuation once every three years, starting in the 2022/23 year, to cover all housing stock, leasehold units, investment properties; * Banking Valuations Valuation of Secured Units. The successful applicant must also be part of the banking valuation panels for Barclays, Lloyds and L&G; * Ad Hoc Valuations Ad hoc valuation advice for projects that will take place during this period such as security charging exercises (majority of which will require applicant to be part of the banking valuation panel as per above section).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-726f29d4-2ccf-4294-8a4a-165e5efd8af2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/5a726a56-278e-4b97-9ae9-b7d52ff516ad
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£122,250 £100K-£500K
Lots Value
Not specified
Awards Value
£122,250 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Jan 20224 years ago
Submission Deadline
17 Sep 2021Expired
Future Notice Date
Not specified
Award Date
26 Sep 20214 years ago
Contract Period
1 Nov 2021 - 31 Oct 2024 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
RAVEN HOUSING TRUST LIMITED
Contact Name
Not specified
Contact Email
procurement.rht@ravenht.org.uk
Contact Phone
Not specified

Buyer Location

Locality
REDHILL
Postcode
RH1 1SS
Post Town
Redhill
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ26 East Surrey
Delivery Location
Not specified

Local Authority
Reigate and Banstead
Electoral Ward
Redhill West & Wray Common
Westminster Constituency
Reigate

Supplier Information

Number of Suppliers
1
Supplier Name

JONES LANG LASALLE

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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