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Discretionary Schemes Valuation Services Framework

High Speed Two (HS2) Ltd

This public procurement record has 1 release in its history.

Award

01 Nov 2021 at 22:45

Award Notice
Summary of the contracting process

High Speed Two (HS2) Ltd is seeking services through the “Discretionary Schemes Valuation Services Framework,” with a focus on real estate services. This procurement is classified under the services category and encompasses a range of valuation services over an initial term of four years, with a potential extension of another four years. The tender was issued following a negotiated procurement method, with an award value of £2,810,000. The tender stage has been completed, and the award has been granted to six suppliers as of June 1, 2021, located across the UK.

This framework presents significant opportunities for growth for businesses specialising in real estate services, particularly those offering valuation and advisory capabilities. Companies such as property consultants and firms experienced in providing technical valuation support will be well-positioned to compete in the secondary opportunities stemming from this contract, especially as HS2 Ltd continues to engage with property owners along the HS2 route, ensuring timely and quality valuation reports to meet their needs.

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Notice Information

Notice Title

Discretionary Schemes Valuation Services Framework

Notice Description

HS2 Ltd has procured a Framework for the provision of Discretionary Schemes Valuation Services, awarding contracts to six suppliers following an OJEU Negotiated Procurement. The Framework term is four (4) years, with an option to extend for a further four (4) years via fixed or multiple terms, taking the maximum term to eight (8) years.

Lot Information

Lot 1

The awarded Framework covers the following scope of Services: * Inspected and Desktop Valuation Services, in order to determine the unblighted market value for properties across the entire HS2 route, where they have been agreed to be purchase by the Secretary of State (SoS) of Transport under HS2 Ltd's discretionary schemes - 'Need To Sell (NTS)' and 'Rural Schemes Zone (RSZ)'; and * Technical valuation support and advisory services, in order to assist HS2 Ltd in complex cases under its discretionary purchase schemes as and when required. The desired objectives of the Discretionary Schemes Valuation Services Framework are to: * Provide valuation services to HS2 Ltd and owners of properties along the HS2 route (including Phase One, 2a and 2b); and * Maintain property owners' satisfaction by producing valuation reports in a timely manner that meet RICS standards

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02f258
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/027370-2021
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Negotiated procedure with prior call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£2,810,000 £1M-£10M

Notice Dates

Publication Date
1 Nov 20214 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 Jun 20215 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
High Speed Two (HS2) Ltd
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BIRMINGHAM
Postcode
B4 6GA
Postcode Area
Birmingham
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
Not specified
Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
6
Supplier Names

Brown & Co - Property and Business Consultants LLP

Bruton Knowles LLP

Carter Jonas LLP

Lambert Smith Hampton Group Limited

Savills (UK) Limited

WSP UK Limited

Further Information

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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