Award

Valuation of Assets

ISLE OF WIGHT COUNCIL

This public procurement record has 1 release in its history.

Award

24 Nov 2022 at 12:45

Summary of the contracting process

The Isle of Wight Council has awarded a contract for the Valuation of Assets tender to Wilks Head & Eve LLP. The tender involved a valuation of the Council's assets to comply with various standards. The contract, worth GBP 135,000, will run from January 1, 2023, to December 31, 2025. The tender was classified under real estate services and accounting and auditing services. The deadline for the tender was October 31, 2022, and the delivery region is South East, United Kingdom.

This opportunity for business growth in the services sector caters to SMEs seeking to provide asset valuation services compliant with professional standards. Businesses with expertise in real estate services and accounting and auditing would be well-suited to compete. The procurement stage is complete, and the Isle of Wight Council is the buying organisation responsible for this contract, based in Newport, England. The tender represents a significant opportunity for qualified firms looking to expand their service portfolio and establish long-term business relationships with the Council.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Valuation of Assets

Notice Description

Specialist practice to undertake a valuation of its assets in order to comply with CIPFA Code of Practice on Local Authority Accounting, RICS Valuation Professional Standards and the International Valuation Standards and International Standards on Auditing. Please note that in the event the extensions are utilised (up to 31 Dec 27) the value will be in the region of PS225,000 (whole life cost).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b9702e6e-8ada-44fa-bfbf-f871961761c7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/27c7e84d-fdc7-4adb-9782-59fb64ef2249
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

70000000 - Real estate services

79210000 - Accounting and auditing services

Notice Value(s)

Tender Value
£135,000 £100K-£500K
Lots Value
Not specified
Awards Value
£135,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Nov 20223 years ago
Submission Deadline
31 Oct 2022Expired
Future Notice Date
Not specified
Award Date
24 Nov 20223 years ago
Contract Period
1 Jan 2023 - 31 Dec 2025 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
ISLE OF WIGHT 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
NEWPORT
Postcode
PO30 1UD
Post Town
Portsmouth
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ34 Isle of Wight
Delivery Location
TLJ South East (England)

Local Authority
Isle of Wight
Electoral Ward
Newport Central
Westminster Constituency
Isle of Wight West

Supplier Information

Number of Suppliers
1
Supplier Name

WILKS HEAD & EVE

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-b9702e6e-8ada-44fa-bfbf-f871961761c7-2022-11-24T12:45:20Z",
    "date": "2022-11-24T12:45:20Z",
    "ocid": "ocds-b5fd17-b9702e6e-8ada-44fa-bfbf-f871961761c7",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "IOW001-DN635334-72357506",
        "title": "Valuation of Assets",
        "description": "Specialist practice to undertake a valuation of its assets in order to comply with CIPFA Code of Practice on Local Authority Accounting, RICS Valuation Professional Standards and the International Valuation Standards and International Standards on Auditing. Please note that in the event the extensions are utilised (up to 31 Dec 27) the value will be in the region of PS225,000 (whole life cost).",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "70000000",
            "description": "Real estate services"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "79210000",
                "description": "Accounting and auditing services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "South East",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "value": {
            "amount": 135000,
            "currency": "GBP"
        },
        "procurementMethodDetails": "Other -",
        "tenderPeriod": {
            "endDate": "2022-10-31T14:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2023-01-01T00:00:00Z",
            "endDate": "2025-12-31T23:59:59Z"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-49319",
            "name": "Isle of Wight Council",
            "identifier": {
                "legalName": "Isle of Wight Council"
            },
            "address": {
                "streetAddress": "County Hall, High Street",
                "locality": "Newport",
                "postalCode": "PO30 1UD",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Lucy Chandler",
                "email": "lucy.chandler@iow.gov.uk",
                "telephone": "+44 1983821000"
            },
            "details": {
                "url": "http://www.iwight.com"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-228306",
            "name": "Wilks Head & Eve LLP",
            "identifier": {
                "legalName": "Wilks Head & Eve LLP"
            },
            "address": {
                "streetAddress": "3rd Floor, 55 New Oxford Street, London WC1A 1BS"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-49319",
        "name": "Isle of Wight Council"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-b9702e6e-8ada-44fa-bfbf-f871961761c7-1",
            "status": "active",
            "date": "2022-11-24T00:00:00Z",
            "datePublished": "2022-11-24T12:45:20Z",
            "value": {
                "amount": 135000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-228306",
                    "name": "Wilks Head & Eve LLP"
                }
            ],
            "contractPeriod": {
                "startDate": "2023-01-01T00:00:00Z",
                "endDate": "2025-12-31T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/27c7e84d-fdc7-4adb-9782-59fb64ef2249",
                    "datePublished": "2022-11-24T12:45:20Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}