Tender

WSCC DR - Provision of Pension Fund Independent Property Valuation Services

WEST SUSSEX COUNTY COUNCIL (CAP)

This public procurement record has 1 release in its history.

Tender

10 May 2021 at 08:10

Tender Notice
Summary of the contracting process

The West Sussex County Council (CAP) is currently conducting an open tender for the "Provision of Pension Fund Independent Property Valuation Services," valued at approximately £162,000. This procurement falls within the services category, particularly focusing on accounting, auditing, and fiscal services, with a specific emphasis on property valuations. The tender was published on 10th May 2021, and interested parties must submit their bids by 11th June 2021. The contract period will commence on 1st October 2021 and run until 30th September 2024, with delivery addresses located in the South East of the United Kingdom, predominantly within West Sussex.

This tender presents a valuable opportunity for businesses specialising in property valuation services, including small and medium-sized enterprises (SMEs) in the region. Companies with expertise in independent property assessment and valuation will find this contract particularly suited to their capabilities, given the substantial valuation of the managed property portfolio, which amounts to £366.1 million. Participating in this procurement could enhance business growth and visibility within the local market, especially for those firms that are well-versed in engaging with public sector contracts and delivering high-quality valuation services.

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Notice Information

Notice Title

WSCC DR - Provision of Pension Fund Independent Property Valuation Services

Notice Description

This Request for Quotation (RFQ) is issued by WSCC to seek and identify suitably qualified and interested organisations for the provision of Pension Fund Independent Property Valuation Services (the Services). The West Sussex Pension Fund was valued PS4.1 billion at 31 March 2020. Fund membership comprises 28,851 contributors, 21,603 pensioners and 29,094 deferred pensioners. The fund was 112% funded at the 2019 actuarial valuation. The fund is split into three areas: * Balanced Portfolios (Equities and Bonds) * Private Equity * Property The contract being tendered is for the provision of independent property valuation services for the UK portfolio presently managed by Aberdeen Standard, valued at approximately PS366.1 million. The are 30 direct properties currently within the portfolio. The fund does not have any investment in independent property units / funds. Additional information: Please see the enclosed tender pack at the following URL: https://in-tendhost.co.uk/sesharedservices/aspx/Login Is a Recurrent Procurement Type? : No

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f9ecd7b9-e0ef-42a9-a0d0-4db873e6e619
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c9e5637f-1794-49e6-8a32-fc55a3eb48a9
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 (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
£162,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 May 20214 years ago
Submission Deadline
11 Jun 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Oct 2021 - 30 Sep 2024 3-4 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
WEST SUSSEX COUNTY COUNCIL (CAP)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WEST SUSSEX
Postcode
PO19 1RQ
Post Town
Portsmouth
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ27 West Sussex (South West)
Delivery Location
TLJ South East (England)
Local Authority
Chichester
Electoral Ward
Chichester Central
Westminster Constituency
Chichester

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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