Award

Asset Valuation of WBC Operational Property Assets and the Investment Assets - AWARD

WEST BERKSHIRE COUNCIL

This public procurement record has 2 releases in its history.

AwardUpdate

17 Jan 2025 at 14:58

Award

17 Jan 2025 at 14:58

Summary of the contracting process

West Berkshire Council has completed the tender process for the contract titled "Asset Valuation of WBC Operational Property Assets and the Investment Assets." This contract falls under the industry category of real estate agency services on a fee or contract basis (CPV code 70300000) and covers services to be delivered in multiple locations, including British Overseas Territories, Channel Islands, Europe, Isle of Man, the rest of the world, and the United Kingdom. The procurement followed a selective or restricted procedure method and progressed to the award stage, with key dates including the tender period end on 4th December 2024 and the contract period running from 6th January 2025 to 5th January 2029. The contract has been awarded to Wilks Head & Eve LLP on 12th December 2024, with a contract value of £47,000.

This tender presents significant business growth opportunities, particularly for firms specialising in property valuation and real estate management. Companies in these sectors can leverage this contract to enhance their portfolios and establish a presence in multiple geographic locations, given the wide delivery scope. The tender is best suited for well-established companies with the capacity for long-term projects and experience in managing diverse property portfolios, although it does not particularly favour small or voluntary sector businesses. Engaging in such public sector contracts can provide sustained revenue streams and strategic partnerships with local government entities like West Berkshire Council.

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Notice Title

Asset Valuation of WBC Operational Property Assets and the Investment Assets - AWARD

Notice Description

The Council is tendering a contract for the supply/provision of property valuation services under the ESPO Framework 2700_22 - Estates Management Professional Services Status: Active - Lot 1.4a (South East England) Fixed Asset Valuations. The full scope as outlined in the specification of Work.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-aa6c709d-6906-42d3-baba-14f38a8e6e3a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/289a3123-a714-467b-9bd2-d3d4c0ffbc66
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

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
Not specified
Lots Value
Not specified
Awards Value
£47,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
17 Jan 20251 years ago
Submission Deadline
4 Dec 2024Expired
Future Notice Date
Not specified
Award Date
12 Dec 20241 years ago
Contract Period
6 Jan 2025 - 5 Jan 2029 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
WEST BERKSHIRE 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
NEWBURY
Postcode
RG14 5LD
Post Town
Reading
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ16 Berkshire West
Delivery Location
Not specified

Local Authority
West Berkshire
Electoral Ward
Newbury Central
Westminster Constituency
Newbury

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

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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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