Award

DfE Academies Land and Buildings Valuation

DEPARTMENT FOR EDUCATION

This public procurement record has 1 release in its history.

Award

12 Aug 2021 at 11:57

Award Notice
Summary of the contracting process

The Department for Education has completed the procurement process for the tender titled "DfE Academies Land and Buildings Valuation", essential for valuing academy estates for the annual Sector Annual Report and Accounts (SARA). This contract, awarded to Montagu Evans LLP, has a total value of £1,512,100 and is scheduled to run from 1 August 2021 to 31 July 2024. The procurement was conducted using a selective method through a framework agreement, with key locations for service delivery spanning regions across England, including the North East, London, and the South West. The procurement stage has now reached the contract award phase, with the tender period concluding on 11 May 2021.

This tender represents a significant opportunity for companies specialising in real estate services, particularly those with capabilities in estate valuations, both on-site and desk-based assessments. Businesses positioned to benefit from this contract should be equipped to handle large volumes of valuations, potentially in the range of 1,800 to 3,500 annually, and must be proficient in adhering to the International Financial Reporting Standards (IFRS) requirements set to be implemented. Small and medium-sized enterprises (SMEs) are particularly encouraged to engage, given the emphasis on inclusivity in the tendering process.

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Notice Information

Notice Title

DfE Academies Land and Buildings Valuation

Notice Description

The Academies Land and Building Valuation Services contract is required to support the statutory requirement of the department to value the estates of academies to prepare for the Sector Annual Report and Accounts (SARA). Estate valuation is a specialist service for which the department does not possess suitable capability. The current contract, which includes a compliant 12-month extension, is due to expire on 31/08/2021. To enable Sector Annual Report and Accounts to be published without qualification from the auditors, the number of academy schools for which Financial Reporting Division (FRD) must request a valuation is between 1,800 and 3,500 per annum. The valuations will include both 'on-site' and 'desk based' assessments with an estimated split of between 10-20% of the valuations to be physical inspections. The exact percentage is to be suggested by the supplier and agreed with the FRD. Additionally, International Financial Reporting Standard (IFRS) 16 is currently deferred until 1 April 2022; however once introduced will trigger a one-off increase in the number of valuations required.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b6fbe3aa-4cf1-43a0-b9ac-11c21c846082
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/afd29bc1-04e6-4f7a-afd5-d6b5d61633a1
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

70000000 - Real estate services

Notice Value(s)

Tender Value
£1,512,100 £1M-£10M
Lots Value
Not specified
Awards Value
£1,512,100 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
12 Aug 20214 years ago
Submission Deadline
11 May 2021Expired
Future Notice Date
Not specified
Award Date
18 Jul 20214 years ago
Contract Period
31 Jul 2021 - 31 Jul 2024 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
DEPARTMENT FOR EDUCATION
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1P 3BT
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLI London, TLJ South East (England), TLK South West (England)
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

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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