Award

P1258 - Framework Agreement for Right to Buy Valuation and Housing Stock Valuation Service - AWARD

BIRMINGHAM CITY COUNCIL

This public procurement record has 1 release in its history.

Award

09 Sep 2024 at 10:03

Summary of the contracting process

Birmingham City Council has concluded a procurement process to establish a Framework Agreement for Right to Buy Valuation and Housing Stock Valuation Services, classified under real estate services (CPV 70100000). The award phase has been completed with Sure Property Group Limited selected as the supplier. The contract period runs from 1st April 2024 to 31st March 2028. This agreement covers valuation services for council-owned residential properties, including building insurance valuations and housing stock asset valuations for financial reporting, as required under the Housing Act 1985 and subsequent amendments. Orders will be placed on a call-off basis throughout the four-year agreement period.

This framework agreement presents substantial business growth opportunities for valuation service providers, particularly SMEs. The contract with Birmingham City Council ensures steady demand for valuation services, offering a predictable revenue stream over four years. This opportunity is especially suited for businesses specialising in real estate valuation, financial reporting, and compliance with public sector regulations. Engaging in such long-term contracts can enhance a company's portfolio and provide a stable business environment conducive to growth and development.

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Notice Title

P1258 - Framework Agreement for Right to Buy Valuation and Housing Stock Valuation Service - AWARD

Notice Description

Birmingham City Council wishes to appoint suitably qualified service provider to provide professional valuation services across its Right to Buy valuations and housing stock asset valuations. Our objective is to deliver 'right to buy' valuations on Council owned residential properties as governed by the Housing Act 1985 and subsequent amendments. We are required to provide building insurance valuations and general valuation advice. We have an obligation to determine a valuation of the housing stock assets held by the council as identified in the asset register compiled annually. The Council also requires provision of its housing stock asset valuations for financial reporting purposes for each financial year . This will include a mixture of tenanted residential units of varying ages and character together with various garages. The supplier is required to determine a valuation of the Housing stock assets held by the Council as identified in the Asset Register compiled annually and valued as of 31 March annually for each year for inclusion in the authority's balance sheet in accordance with the Chartered Institute of Public Finance and Accounting (CIPFA) Code of Practice. The supplier will review and give assurance that the values at the end of each financial year (31st March) will be materially correct and if necessary, update any valuations, where the movement is material. Tenderers are to note that this contract will be undertaken on a call off basis with orders placed as and when required. The Framework Agreement will last for 4 years (unless terminated under agreement provisions) commencing 1st April 2024. The Framework Agreement will be awarded to one supplier. The Council will be using its free to use e-tendering system (in-tend) for the administration of this procurement process and potential suppliers must register with the system to be able to express an interest. If you wish to express an interest in this opportunity please click on the following link to access https://in-tendhost.co.uk/birminghamcc/ and submit your details to register. You will then be sent details on how to log on which will enable you to download all relevant Invitation to Tender (ITT) documentation. If you are unable to register with In-tend or have any questions or problems on how to use this web site please email us at etendering@birmingham.gov.uk Your completed tender submission should be returned by Noon on 23rd February 2024 via the 'in-tend' system https://in-tendhost.co.uk/birminghamcc

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7a97540a-86f0-45cc-9a2a-be8b3b51ecd5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1cfa08f9-ba1f-4ba1-819f-df788fa8c97b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70100000 - Real estate services with own property

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£2,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
9 Sep 20241 years ago
Submission Deadline
23 Feb 2024Expired
Future Notice Date
Not specified
Award Date
26 Mar 20242 years ago
Contract Period
31 Mar 2024 - 31 Mar 2028 4-5 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
BIRMINGHAM CITY 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
WEST MIDLANDS
Postcode
B4 7WB
Post Town
Birmingham
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
TLG West Midlands (England)

Local Authority
Birmingham
Electoral Ward
Newtown
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

SURE PROPERTY GROUP

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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