Award

NML Estate Revaluation

NATIONAL MUSEUMS ON MERSEYSIDE

This public procurement record has 2 releases in its history.

Award

12 Mar 2018 at 16:25

Award Notice
Tender

29 Jan 2018 at 15:38

Tender Notice
Summary of the contracting process

The National Museums of Liverpool (NML) has issued a tender for the NML Estate Revaluation, requiring a desktop valuation of their property assets as of 31 March 2018 to 31 March 2021. This procurement process falls within the financial and insurance services category, with a specific focus on real estate and accounting services. The open procedure tender period ended on 19 February 2018, with the contract period commencing on 5 March 2018 and concluding on 31 March 2018. The tender is situated in Liverpool, North West England, and detailed compliance with professional standards for valuation is required from bidders.

This tender presents significant opportunities for businesses specialising in property valuation, accounting, and auditing services, particularly those qualified as external valuers under RICS standards. Small and medium enterprises (SMEs) that possess expertise in existing use and depreciated replacement cost methodologies will find this contract suitable for competitive bidding. Engaging with this project could enhance visibility and credibility in the field of financial services, particularly within the public sector.

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Notice Information

Notice Title

NML Estate Revaluation

Notice Description

National Museums of Liverpool ("NML") require a desktop valuation of the land and buildings of their property assets as at 31 March 2018 to 31 March 2021 for inclusion in Financial Statements, using the Existing Use (EUV) and Depreciated Replacement Cost (DRC) method in accordance with Government Financial Reporting Manual (FReM). The valuation should comply fully with the requirements of the RICS Valuation - Professional Standards 2014 ("Red Book") (Amended April 2015) published by the Royal Institution of Chartered Surveyors. It should also refer to UKGN 7 Valuations for Charities for accounting periods on or after 1 January 2015 the new Charities SORPs, based on FRS 102. The requirements regarding qualifications, knowledge and skills should be met as set out in UK Practice Statement 1 and for independence and objectivity in Practice Statements 1.6 and 1.7 of the Red Book. The supplier must be an "external valuer" as defined in RICS Valuation - Professional Standards 2014 ("Red Book") issued by the Royal Institution of Chartered Surveyors. The Annual Report and Accounts is attached. The note on Fixed Assets Land & Buildings is Note 6. Information on m2 may be provided on request.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ca7c2ad9-63ef-4b8f-9582-c895534389ef
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/75291342-9e87-4807-a8a8-c88a84b89985
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Large

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

66000000 - Financial and insurance services

70000000 - Real estate services

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£12,500 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Mar 20187 years ago
Submission Deadline
19 Feb 2018Expired
Future Notice Date
Not specified
Award Date
6 Mar 20187 years ago
Contract Period
7 Mar 2018 - 2 Apr 2018 30 days
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
NATIONAL MUSEUMS ON MERSEYSIDE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LIVERPOOL
Postcode
L2 2JH
Post Town
Liverpool
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD72 Liverpool
Delivery Location
TLD North West (England)
Local Authority
Liverpool
Electoral Ward
City Centre North
Westminster Constituency
Liverpool Riverside

Supplier Information

Number of Suppliers
1
Supplier Name

DELOITTE

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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