Award

Estate Valuations for Accounting Purposes

D V L A

This public procurement record has 1 release in its history.

Award

19 Nov 2018 at 11:23

Summary of the contracting process

The procurement process involves the Driver and Vehicle Licensing Agency (DVLA) seeking external valuations for accounting purposes, specifically for a complete 5-year valuation cycle. The project, titled "Estate Valuations for Accounting Purposes," falls under the real estate services industry category. The procurement, which is currently in the Award stage, has a contract period that commenced on 15th October 2018 and will conclude on 30th April 2022. The total contract value is £15,000, with a minimum contract value of £14,400. The contract was awarded to Gerald Eve LLP on 11th October 2018, following a selective procurement process that was conducted through a framework agreement, and the tender period ended on 8th October 2018.

This tender presents a significant opportunity for firms specialising in real estate services and valuation, particularly those with expertise in compliance with the RICS Valuations - Global Standards and International Financial Reporting Standards. Small to medium-sized enterprises (SMEs) are encouraged to consider participating, as the DVLA is open to engaging suppliers of various scales, although the current supplier is a large firm. This contract requires detailed property inspections and desktop valuations, making it ideal for businesses that can provide comprehensive property assessment services within defined timelines.

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Notice Title

Estate Valuations for Accounting Purposes

Notice Description

DVLA is seeking to appoint an external valuer to obtain an independent assessment (in compliance with the RICS Valuations - Global Standards) of the valuation of all relevant properties within its Estate. This requirement is to cover the complete 5-year valuation cycle for the purpose of end of year accounting (in compliance with International Financial Reporting Standards). The valuations will comprise a full physical inspection of all relevant properties, supplemented by desktop valuations within defined timescales.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a5674ddd-455d-43df-955c-97ac22e86825
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/d0d4a4dc-2833-41fb-953b-5f9a55f749aa
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

70 - Real estate services


CPV Codes

70100000 - Real estate services with own property

Notice Value(s)

Tender Value
£15,000 Under £100K
Lots Value
Not specified
Awards Value
£14,400 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Nov 20187 years ago
Submission Deadline
8 Oct 2018Expired
Future Notice Date
Not specified
Award Date
10 Oct 20187 years ago
Contract Period
14 Oct 2018 - 30 Apr 2022 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
D V L A
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SWANSEA
Postcode
SA6 7JL
Post Town
Swansea
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL4 Mid and South West Wales
Small Region (ITL 3)
TLL43 Swansea
Delivery Location
TLL Wales

Local Authority
Swansea
Electoral Ward
Mynydd-bach
Westminster Constituency
Swansea West

Supplier Information

Number of Suppliers
1
Supplier Name

GERALD EVE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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