Award

Asset and Insurance Valuation

TEST VALLEY BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

13 Feb 2025 at 11:09

Award Notice
Summary of the contracting process

Test Valley Borough Council is seeking to appoint a consultant or firm to deliver annual asset valuation and insurance valuation reports in line with CIPFA and RICS regulations. This procurement, classified under the real estate services industry category, is set in South East, United Kingdom. The contract is awarded through an open procedure and spans from 17th December 2024 to 16th December 2030, with an initial term of 3 years and a possible extension to a maximum of 6 years. The tendering process was completed, with the award made to Carter Jonas LLP on 16th December 2024 for a total value of £322,325, and further procurement details are available online.

This tender presents significant growth opportunities for businesses specialising in real estate services, particularly those adept in providing comprehensive asset and insurance valuation reports. Small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are particularly well-suited to compete for such contracts given their often agile and client-responsive nature. The services required include delivering timely evaluation reports and responding to auditors' and insurers' queries, making it an excellent opportunity for businesses looking to establish or expand their portfolio within the public sector.

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Notice Information

Notice Title

Asset and Insurance Valuation

Notice Description

Test Valley Borough Council is seeking to appoint consultant or firm to provide annual asset valuation reports and insurance valuation reports in accordance with CIPFA and RICS regulations. The contract duration is 3 Years (with the possibility of 3 year extension, to a maximum of 6 years, subject to satisfactory performance and the agreement of both parties). The services to be provided will also include providing responses to auditor's and insurer's questions within specified timescales. Further details are available at https://uk.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=87054&B=UK

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bce47049-5b16-46b1-ac28-f2939cb2c0bc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/aad2141a-60b2-41b1-991b-4e1019fb3dfb
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£180,000 £100K-£500K
Lots Value
Not specified
Awards Value
£322,325 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
13 Feb 20251 years ago
Submission Deadline
25 Nov 2024Expired
Future Notice Date
Not specified
Award Date
16 Dec 20241 years ago
Contract Period
16 Dec 2024 - 16 Dec 2030 Over 5 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
TEST VALLEY BOROUGH 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
ANDOVER
Postcode
SP10 3AJ
Post Town
Salisbury
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ36 Central Hampshire
Delivery Location
TLJ South East (England)
Local Authority
Test Valley
Electoral Ward
Andover Millway
Westminster Constituency
North West Hampshire

Supplier Information

Number of Suppliers
1
Supplier Name

CARTER JONAS

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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