Tender

Estates Valuation Services

THE POLICE & CRIME COMMISSIONER FOR LINCOLNSHIRE

This public procurement record has 1 release in its history.

Tender

04 Sep 2019 at 14:01

Tender Notice
Summary of the contracting process

The procurement process titled "Estates Valuation Services" is being conducted by The Police & Crime Commissioner for Lincolnshire as part of their asset management obligations. This tender falls under the Treasury services category within the services industry and is specifically aimed at locations in the East Midlands, United Kingdom. The procurement is currently at the Tender stage, with a deadline for submissions set for 4th October 2019. The contract period will commence on 1st November 2019 and run until 31st October 2021, and it utilizes an open procedure for supplier selection.

This tender presents a significant opportunity for businesses specialising in property valuation, accounting, and consultancy services, particularly small and medium-sized enterprises (SMEs). Companies that have experience in complying with RICS Appraisal and Valuation standards and have the capability to manage the valuation of diverse property types in accordance with CIPFA requirements would be well-positioned to compete. Engaging in this tender not only allows firms to demonstrate their expertise but also fosters long-term partnerships with a key public sector organisation.

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Notice Information

Notice Title

Estates Valuation Services

Notice Description

The CIPFA code of practice on local authority accounting 2018/19 requires that 'assets must be revalued every five years as a minimum, but confirms that assets must be revalued more regularly where a five-yearly valuation is insufficient to keep pace with material changes in current value'. The five year milestone is 01.04.2021, however with the potential for a new valuer being appointed it is prudent to have them carry out a full revaluation as at 01.04.2019. A full revaluation will require every property to have a site visit, and will therefore require valuers to be vetted. There are a mixture of property types that will need to be classified in accordance with CIPFA and RICS. Valuation bases will need to be agreed between Lincolnshire Police and the valuer. Accounting Policies of Lincolnshire Police will need to be adhered to. Throughout the valuation exercise the valuer must adhere to RICS Appraisal and Valuation standards (Red Book) and CIPFA requirements.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c251878f-f376-4844-a3c3-167cecd8a4d3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/31149889-41b5-461e-9144-8a2baf907f55
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

70 - Real estate services

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

CPV Codes

66600000 - Treasury services

70200000 - Renting or leasing services of own property

70220000 - Non-residential property renting or leasing services

79210000 - Accounting and auditing services

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
4 Sep 20196 years ago
Submission Deadline
4 Oct 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Nov 2019 - 31 Oct 2021 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THE POLICE & CRIME COMMISSIONER FOR LINCOLNSHIRE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LINCOLN
Postcode
LN2 2LT
Post Town
Lincoln
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF3 Lincolnshire
Small Region (ITL 3)
TLF30 Lincolnshire CC
Delivery Location
TLF East Midlands (England)
Local Authority
West Lindsey
Electoral Ward
Nettleham
Westminster Constituency
Gainsborough

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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