Award

Fixed Asset Valuation

LEICESTERSHIRE COUNTY COUNCIL

This public procurement record has 3 releases in its history.

Award

19 Mar 2024 at 14:19

Award

19 Feb 2024 at 15:12

Award

19 Feb 2024 at 10:58

Summary of the contracting process

Leicestershire County Council has awarded a contract for the provision of Fixed Asset Valuation services. The procurement stage was completed and the contract is valued at £196,000. The contract period runs from April 17, 2023, to April 16, 2025. The opportunity was open to SMEs, and the procurement method used was an open procedure. The valuation service will cover a range of property assets across different regions in the United Kingdom.

This tender for Fixed Asset Valuation by Leicestershire County Council provides a growth opportunity for consulting firms specialising in real estate services and property management. Businesses involved in financial reporting and asset valuation services could find this tender well-suited to their expertise. The contract's focus on a wide variety of operational and non-operational properties offers a chance for targeted expansion within the public sector real estate market.

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Notice Title

Fixed Asset Valuation

Notice Description

Leicestershire County Council owns approximately 1,000 property assets with a total asset value of PS358m. The Council is currently seeking to appoint a consultant to undertake 20% of the asset valuations.\\r\r \\r\r The consultant will provide a fixed asset valuation service for financial reporting and will cover all operational and non-operational properties owned by the council.\\r\r \\r\r This valuation is part of a 5-year cycle, with 266 properties to be valued in the 2023-2024 period. The contract will begin on March 31, 2023, or as agreed, and will initially last for 2 years, with the option to extend for an additional 2 years.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cea0ba7e-4966-4830-92bd-ee035f40b79f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b2616acc-aba5-46a3-b2ce-6bd82c5e8202
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Other -
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70000000 - Real estate services

70330000 - Property management services of real estate on a fee or contract basis

Notice Value(s)

Tender Value
£280,000 £100K-£500K
Lots Value
Not specified
Awards Value
£476,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Mar 20241 years ago
Submission Deadline
12 Mar 2023Expired
Future Notice Date
Not specified
Award Date
3 Apr 20232 years ago
Contract Period
16 Apr 2023 - 16 Apr 2025 2-3 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
LEICESTERSHIRE COUNTY 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
LEICESTER
Postcode
LE3 8RA
Post Town
Leicester
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF22 Leicestershire CC and Rutland
Delivery Location
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLI London, TLJ South East (England), TLK South West (England)

Local Authority
Blaby
Electoral Ward
Glenfield Faire
Westminster Constituency
Mid Leicestershire

Supplier Information

Number of Suppliers
1
Supplier Name

ALIGN PROPERTY PARTNERS

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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