Award

CPU 4298 Asset Valuations

NOTTINGHAM CITY COUNCIL

This public procurement record has 1 release in its history.

Award

27 Jan 2021 at 08:51

Award Notice
Summary of the contracting process

The Nottingham City Council is conducting a procurement process titled "CPU 4298 Asset Valuations", focusing on evaluation consultancy services. This tender involves the revaluation of various types of assets, including investment properties and operational property, primarily located in Nottingham, but also extending to Newcastle and the West Midlands. The procurement is in the Award stage, with the contract period starting from 27th January 2021 and ending on 31st March 2021. The tender had a closing date for submissions on 21st January 2021, and the total value of the contract awarded is £59,000.

This tender presents a valuable opportunity for small to medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations specialising in asset evaluation and consultancy services. Businesses with expertise in property valuation methodologies, particularly those familiar with Fair Value and Depreciated Replacement Cost assessments, would be well-positioned to compete. Engaging with Nottingham City Council's asset revaluation needs could facilitate expansion and establish ongoing working relationships in public sector contracts.

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Notice Information

Notice Title

CPU 4298 Asset Valuations

Notice Description

Nottingham City Council is required to complete revaluations of its operational and non-operational assets including: * Investment Properties * Surplus Assets * Operational Property * Specialised High Value Plant and Equipment The valuations are completed on a number of bases including Fair Value, Depreciated Replacement Cost Method and Existing Use Value. The Council holds/controls a wide variety of property types from incinerators to high value retail parks. The Property Trading Account whilst primarily located in Nottingham has assets in Newcastle and the West Midlands which requires specialist external input. The full details of requirements can be found on page 3 of the Invitation to Quote.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ef6390a7-0ab2-4200-87dd-d3e0ac2c1307
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/22e5c69b-d736-4794-824e-e5a057af4658
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79419000 - Evaluation consultancy services

Notice Value(s)

Tender Value
£85,000 Under £100K
Lots Value
Not specified
Awards Value
£59,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jan 20215 years ago
Submission Deadline
21 Jan 2021Expired
Future Notice Date
Not specified
Award Date
25 Jan 20215 years ago
Contract Period
27 Jan 2021 - 31 Mar 2021 1-6 months
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
NOTTINGHAM CITY 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
NOTTINGHAM
Postcode
NG2 3NG
Post Town
Nottingham
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF14 Nottingham
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Nottingham
Electoral Ward
Castle
Westminster Constituency
Nottingham East

Supplier Information

Number of Suppliers
1
Supplier Name

LAMBERT SMITH HAMPTON

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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