Award

INVITATION TO TENDER FOR THE PROVISION OF PROPERTY ASSET CONSULTANCY SERVICES

BASINGSTOKE & DEANE BOROUGH COUNCIL

This public procurement record has 2 releases in its history.

Award

02 May 2023 at 10:58

Award Notice
Tender

20 Dec 2022 at 13:45

Tender Notice
Summary of the contracting process

The Basingstoke & Deane Borough Council has awarded a contract for the provision of property asset consultancy services to Montagu Evans LLP. The contract, with a value of GBP 505,675, commenced on April 3, 2023, and is set to end on April 2, 2026. The procurement process was carried out through an open procedure, with the tender period closing on February 8, 2023. The contract covers asset valuations for the council's commercial property investment portfolio and operational assets over a period of 3 years, with a possible extension for an additional year.

This tender provides an opportunity for businesses specialising in real estate services to engage with Basingstoke & Deane Borough Council. Companies that offer asset valuation consultancy services will find this opportunity well-suited to their expertise. The contract value of GBP 600,000, with a focus on property asset valuations, presents a lucrative opportunity for businesses in the real estate industry. Small and medium-sized enterprises (SMEs) are specifically highlighted as suitable for participating in this procurement process, indicating an inclusive approach to engaging a diverse range of businesses.

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Notice Information

Notice Title

INVITATION TO TENDER FOR THE PROVISION OF PROPERTY ASSET CONSULTANCY SERVICES

Notice Description

Basingstoke and Deane Borough Council BDBC is seeking to procure asset Valuation Consultancy Services for asset valuations to be included in the Councils accounts and financial statements. BDBC has a significant commercial property investment portfolio, all of which is to be valued by external consultants on an annual basis. The operational portfolio is also to be valued within this contract with a third of the operational portfolio valued each year of the contract. The investment element of the portfolio in March 2022 in terms of asset valuation was valued at circa GBP 339m and the operational and car park portfolio was valued at circa GBP 57m. BDBC wishes to procure asset valuation consultancy services in connection with the annual valuation of its property investment portfolio for the next 3 years with an option to BDBC to extend for a further year.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-823a0ec1-5dd7-4535-a518-c9e2d2948549
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/885faa0b-6826-4163-a175-17eecc6abd23
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
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£600,000 £500K-£1M
Lots Value
Not specified
Awards Value
£505,675 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
2 May 20232 years ago
Submission Deadline
8 Feb 2023Expired
Future Notice Date
Not specified
Award Date
20 Mar 20232 years ago
Contract Period
2 Apr 2023 - 2 Apr 2026 3-4 years
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
BASINGSTOKE & DEANE BOROUGH 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
BASINGSTOKE
Postcode
RG21 4AH
Post Town
Reading
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ37 North Hampshire
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Basingstoke and Deane
Electoral Ward
Eastrop & Grove
Westminster Constituency
Basingstoke

Supplier Information

Number of Suppliers
1
Supplier Name

MONTAGU EVANS

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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