Award

Land and Buildings Asset Valuation

KCH INTERVENTIONAL FACILITIES MANAGEMENT LLP

This public procurement record has 1 release in its history.

Award

14 Jan 2025 at 11:11

Award Notice
Summary of the contracting process

King's College Hospital NHS Foundation Trust, through its partner King’s Interventional Facilities Management (KFM), has awarded a contract for the provision of desktop asset valuations for its properties. This valuation project pertains to three sites: King’s College Hospital (Denmark Hill), Princess Royal University Hospital (Orpington), and Orpington Hospital, with valuation dates set for 31st March 2025, 2026, and 2027 respectively. The contract, valued at £73,050, was awarded to AVISON YOUNG (UK) LIMITED to be completed in accordance with the RICS Valuation - Global Standards (2022). The procurement process used was a selective call-off from a framework agreement, with the award stage completed by 14th January 2025.

This tender offers significant opportunities for businesses capable of providing real estate services, particularly in asset valuation. It shows that organisations like NHS Trusts are seeking expert support for financial reporting and compliance. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are well-suited to compete for such contracts, especially those with experience in delivering thorough valuation reports conforming to international standards. By successfully securing such contracts, businesses can enhance their portfolio, reputation, and expertise in the healthcare sector.

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Notice Information

Notice Title

Land and Buildings Asset Valuation

Notice Description

King's College Hospital NHS Foundation Trust, through King's Interventional Facilities Management (KFM), has awarded a contract for the provision of a desktop asset valuation of its properties for financial reporting purposes. The valuation will cover three key sites: King's College Hospital (Denmark Hill), Princess Royal University Hospital (Orpington), and Orpington Hospital, reflecting a valuation date of 31st March 2025, 2026 and 2027. The appointed supplier will deliver the valuation in accordance with the RICS Valuation - Global Standards (2022), incorporating Modern Equivalent Asset (MEA) assessments. Deliverables include a draft valuation report and a comprehensive final valuation report.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-dafc3fab-b5cf-4709-8e89-ae4f2d7cb3ce
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/231667ca-a1f2-4ebf-8ddc-ded1e775d816
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
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
£73,050 Under £100K
Lots Value
Not specified
Awards Value
£73,050 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
14 Jan 20251 years ago
Submission Deadline
13 Dec 2024Expired
Future Notice Date
Not specified
Award Date
14 Jan 20251 years ago
Contract Period
20 Dec 2024 - 19 Dec 2027 2-3 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
KCH INTERVENTIONAL FACILITIES MANAGEMENT LLP
Contact Name
Sunday Okhiria
Contact Email
s.okhiria1@nhs.net
Contact Phone
02045340573

Buyer Location

Locality
LONDON
Postcode
SE5 9NY
Post Town
South East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI45 Lambeth
Delivery Location
Not specified
Local Authority
Lambeth
Electoral Ward
Herne Hill & Loughborough Junction
Westminster Constituency
Dulwich and West Norwood

Supplier Information

Number of Suppliers
1
Supplier Name

AVISON YOUNG (UK

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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