Award

Asset and Insurance Reinstatement Valuations plus associated work

HEREFORDSHIRE COUNCIL

This public procurement record has 2 releases in its history.

Award

03 Jan 2018 at 14:43

Award Notice
Tender

01 Dec 2017 at 15:27

Tender Notice
Summary of the contracting process

Herefordshire Council is seeking to engage in a procurement process for “Asset and Insurance Reinstatement Valuations plus associated work.” This contract falls under the real estate services category and is based in the West Midlands, England. The tender was published on 1st December 2017 and is now complete, with an award date of 3rd January 2018. The contract period commenced on 8th January 2018 and will continue until 31st July 2018. The procurement was conducted through an open procedure, with a total contract value of £40,000.

This tender presents an excellent opportunity for businesses specialising in real estate services, particularly those with capabilities in asset valuation and property management. Small and medium-sized enterprises (SMEs) may find this opportunity well-suited to their expertise, enabling them to compete effectively in a public procurement environment. Companies that can demonstrate technical competence in compliance with RICS and IFRS standards are encouraged to explore similar contracts to expand their operations and gain valuable public sector experience.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Asset and Insurance Reinstatement Valuations plus associated work

Notice Description

Herefordshire Council requires formal asset valuations for part of its property portfolio for inclusion in the Council's asset register and balance sheet by the end of this financial year. This needs to be undertaken in accordance with guidance produced by the RICS (Royal Institution of Chartered Surveyors) and the International Financial Reporting Standards (IFRS) - Code of Practice on Local Authority Accounting (the Code) published by CIPFA (Chartered Institute of Public Finance and Accountancy). Valuations are required for all investment assets, assets held for sale, surplus assets, assets changing asset class, assets substantially improved or impaired in addition to those timetabled as part of a 5 year rolling programme. A "market forces review" on a regional sector basis is required as a validation check to provide assurance that there has been no significant change in the value for those assets that have not been revalued this year. In addition a review is required of those assets included on the list to be valued this year to verify whether there has been a significant chance in value between the valuation date Additional information: Herefordshire Council has published this opportunity on the 'Supplying the Southwest Portal'. To view the tender documentation related to this opportunity you will need to register on the portal, if you are not already register with Procontract, and express an interest in the opportunity. To Register with Supplying the Southwest Portal (Procontract) click on the link below or copy and paste the link into your browser address bar; https://www.supplyingthesouthwest.org.uk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7ebfe568-47ae-4e3d-9f44-330c085f1da7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0152fe9e-8a3f-4223-a597-5bf5ef27e54d
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£40,000 Under £100K
Lots Value
Not specified
Awards Value
£27,566 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Jan 20188 years ago
Submission Deadline
15 Dec 2017Expired
Future Notice Date
Not specified
Award Date
3 Jan 20188 years ago
Contract Period
8 Jan 2018 - 31 Jul 2018 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
HEREFORDSHIRE COUNCIL
Contact Name
Claire.Bennett
Contact Email
claire.bennett@herefordshire.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
HEREFORD
Postcode
HR4 0LE
Post Town
Hereford
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG1 Herefordshire, Worcestershire and Warwickshire
Small Region (ITL 3)
TLG11 Herefordshire, County of
Delivery Location
TLG West Midlands (England)
Local Authority
Herefordshire, County of
Electoral Ward
Widemarsh
Westminster Constituency
Hereford and South Herefordshire

Supplier Information

Number of Suppliers
1
Supplier Name

WILKS HEAD & EVE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-7ebfe568-47ae-4e3d-9f44-330c085f1da7-2018-01-03T14:43:33Z",
    "date": "2018-01-03T14:43:33Z",
    "ocid": "ocds-b5fd17-7ebfe568-47ae-4e3d-9f44-330c085f1da7",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "DN311656",
        "title": "Asset and Insurance Reinstatement Valuations plus associated work",
        "description": "Herefordshire Council requires formal asset valuations for part of its property portfolio for inclusion in the Council's asset register and balance sheet by the end of this financial year. This needs to be undertaken in accordance with guidance produced by the RICS (Royal Institution of Chartered Surveyors) and the International Financial Reporting Standards (IFRS) - Code of Practice on Local Authority Accounting (the Code) published by CIPFA (Chartered Institute of Public Finance and Accountancy). Valuations are required for all investment assets, assets held for sale, surplus assets, assets changing asset class, assets substantially improved or impaired in addition to those timetabled as part of a 5 year rolling programme. A \"market forces review\" on a regional sector basis is required as a validation check to provide assurance that there has been no significant change in the value for those assets that have not been revalued this year. In addition a review is required of those assets included on the list to be valued this year to verify whether there has been a significant chance in value between the valuation date Additional information: Herefordshire Council has published this opportunity on the 'Supplying the Southwest Portal'. To view the tender documentation related to this opportunity you will need to register on the portal, if you are not already register with Procontract, and express an interest in the opportunity. To Register with Supplying the Southwest Portal (Procontract) click on the link below or copy and paste the link into your browser address bar; https://www.supplyingthesouthwest.org.uk",
        "datePublished": "2017-12-01T15:27:05Z",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "70000000",
            "description": "Real estate services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "West Midlands",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "West Midlands",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 40000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure (below threshold)",
        "tenderPeriod": {
            "endDate": "2017-12-15T23:59:59Z"
        },
        "contractPeriod": {
            "startDate": "2018-01-08T00:00:00Z",
            "endDate": "2018-07-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/74884201-dff3-458c-b930-ae55865be84e",
                "datePublished": "2017-12-01T15:27:05Z",
                "format": "text/html",
                "language": "en"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-LAE-HEF",
            "name": "Herefordshire Council",
            "identifier": {
                "legalName": "Herefordshire Council",
                "scheme": "GB-LAE",
                "id": "HEF"
            },
            "address": {
                "streetAddress": "Plough Lane",
                "locality": "Hereford",
                "postalCode": "HR4 0LE",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Claire.Bennett",
                "email": "Claire.Bennett@herefordshire.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-0",
            "name": "WILKS HEAD & EVE LLP",
            "identifier": {
                "legalName": "WILKS HEAD & EVE LLP",
                "scheme": "GB-COH",
                "id": "0"
            },
            "address": {
                "streetAddress": "78 NEW OXFORD STREET LONDON WC1A 1HB GB"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-LAE-HEF",
        "name": "Herefordshire Council"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-7ebfe568-47ae-4e3d-9f44-330c085f1da7-1",
            "status": "active",
            "date": "2018-01-03T00:00:00Z",
            "datePublished": "2018-01-03T14:43:33Z",
            "value": {
                "amount": 27566,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-0",
                    "name": "WILKS HEAD & EVE LLP"
                }
            ],
            "contractPeriod": {
                "startDate": "2018-01-08T00:00:00Z",
                "endDate": "2018-07-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/0152fe9e-8a3f-4223-a597-5bf5ef27e54d",
                    "datePublished": "2018-01-03T14:43:33Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}