Award

Asset Valuations 2024 - 2029

BOURNEMOUTH CHRISTCHURCH AND POOLE COUNCIL

This public procurement record has 2 releases in its history.

Award

28 Jan 2025 at 14:30

Award Notice
Tender

25 Oct 2024 at 10:08

Tender Notice
Summary of the contracting process

The Bournemouth Christchurch and Poole (BCP) Council has completed the procurement process for the 'Asset Valuations 2024 - 2029' contract, which falls under the real estate agency services category. The contracting process took place in the South West region of the United Kingdom, and the procurement stage has now progressed to the award phase. The final contract, valued at GBP 250,000, will commence on 1st February 2025 and continue until 31st January 2028. This open procedure tender was initially published on 25th October 2024, with the negotiation concluding by the submission deadline of 29th November 2024. The winning bidder, Lambert Smith Hampton, has been selected to perform the asset valuations in line with guidelines from CIPFA and RICS over the contract's five-year duration if extended to the full term.

This contract presents significant opportunities for businesses specialising in real estate valuations and those compliant with CIPFA and RICS standards. The extensive revaluation programme involves various property types and interests, making it a lucrative deal for firms that can offer diverse valuation methodologies. Small and medium-sized enterprises (SMEs) would particularly benefit from participating in such opportunities, as the procurement process was designed to accommodate their capabilities. Successful involvement could lead to long-term business growth given the contract's potential extensions and recurring nature of the valuation services required by BCP Council.

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Notice Information

Notice Title

Asset Valuations 2024 - 2029

Notice Description

BCP Council undertakes a rolling revaluation programme of General Fund and Housing Revenue Account assets, with Investment, Surplus, Charitable Assets and HRA properties (including Beacons) re-valued annually. Assets valued in any given year represent a cross section of the Council's portfolio. Consequently, the assets comprise a wide range of property types and interests requiring a range of valuation methodologies. The Council requires the valuations to be undertaken in accordance with the relevant current and future guidelines issued by The Chartered Institute of Public Finance and Accountancy (CIPFA) and the Royal Institution of Chartered Surveyors (RICS). The Initial Contract Duration is 3 years with 2 options to extend of 12 months each. Therefore if the full extension(s) is taken, then the full contract duration shall be 5 years. Additional information: Suppliers interested in this opportunity can access the full procurement documentation by visiting BCP Council's Tendering system www.supplyingthesouthwest.org.uk Suppliers should search for the opportunity through Supplying the South West. There are further details of the opportunity on the advert published on www.supplyingthesouthwest.org.uk and instructions on how suppliers can access the procurement documentation for completion. Responses to the opportunity must be submitted electronically through www.supplyingthesouthwest.org.uk before the deadline shown on the system. If you are unable to access the advert for the opportunity through www.supplyingthesouthwest.org.uk please contact the Council using the contact details provided.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8dd75e93-666a-4220-9768-41b2d1824f1f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b4730a5a-e044-47ed-9a38-d312b51be4cb
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70300000 - Real estate agency services on a fee or contract basis

Notice Value(s)

Tender Value
£250,000 £100K-£500K
Lots Value
Not specified
Awards Value
£250,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
28 Jan 20251 years ago
Submission Deadline
29 Nov 2024Expired
Future Notice Date
Not specified
Award Date
28 Jan 20251 years ago
Contract Period
1 Feb 2025 - 31 Jan 2028 2-3 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
BOURNEMOUTH CHRISTCHURCH AND POOLE 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
BOURNEMOUTH
Postcode
BH2 6DY
Post Town
Bournemouth
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK6 North Somerset, Somerset and Dorset
Small Region (ITL 3)
TLK63 Bournemouth, Christchurch and Poole
Delivery Location
TLK South West (England)
Local Authority
Bournemouth, Christchurch and Poole
Electoral Ward
Bournemouth Central
Westminster Constituency
Bournemouth West

Supplier Information

Number of Suppliers
1
Supplier Name

LAMBERT SMITH HAMPTON

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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