Tender

The Provision of Asset Valuation Services

HUNTINGDONSHIRE DISTRICT COUNCIL

This public procurement record has 1 release in its history.

Tender

17 Oct 2022 at 17:29

Tender Notice
Summary of the contracting process

The Huntingdonshire District Council is inviting tenders for "The Provision of Asset Valuation Services" in the real estate services category. This procurement involves a 3-year rolling programme of valuations for various asset types, commencing in December 2022 and lasting until December 2025. The contract specifies detailed requirements for property valuations and asset classification, with submissions due by November 14, 2022. The tender is open for electronic submissions and provides opportunities for businesses with expertise in building surveying services.

This tender by Huntingdonshire District Council presents an opportunity for businesses specialised in real estate services to provide asset valuation expertise. The Council seeks suppliers experienced in property valuations compliant with accounting and valuation standards. The procurement process is currently in the tender stage, with a bid opening scheduled for November 21, 2022. Interested businesses should review the detailed contract requirements and submit proposals to participate in this lucrative opportunity for business growth.

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Notice Information

Notice Title

The Provision of Asset Valuation Services

Notice Description

Huntingdonshire District Council (HDC) wishes to appoint a professional and experienced supplier to provide expertise with its Asset Valuations. Property valuations for the Council should be completed in accordance with the CIPFA/LASAAC Code of Practice on Local Authority Accounting ('the Code') and the Royal Institution of Chartered Surveyors (RICS) Valuation Standards (Red Book).

Lot Information

Lot 1

The Council has a 3-year rolling programme of valuations of assets, the current approach is allowable under the new Code of Practice interpretation of International Financial Reporting Standards. Year 1 - Leisure Centres and Investment Properties Year 2 - Offices & Depots, Potential Building Plots and Investment Properties Year 3 - Remaining OLB assets and Investment Properties This contract is expected to commence in December 2022 and be for a term of 3 years plus the option to extend for up to 12 months due to potential audit queries, subject to satisfactory performance and service requirements. Valuations of the Council's land and properties should be considered on an existing use basis, in addition to the valuations we would expect to be provided: * Existing Use Values. * An estimate of the remaining residual value and useful life of the properties valued. * An apportionment of values between land and building for depreciation purposes only. * Components as per the Componentisation policy will not require valuation but should be reviewed for obsolescence. * Review the classification category the asset should be held i.e., Investment/OLB/Surplus/Available for sale etc. * Establish the appropriate basis of valuation (and comment on reason for change if applicable). * Identify whether assets are specialised or non-specialised. whether the property was visited or not.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-037683
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/029244-2022
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
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

71 - Architectural, construction, engineering and inspection services

CPV Codes

70000000 - Real estate services

71315300 - Building surveying services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
17 Oct 20223 years ago
Submission Deadline
14 Nov 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
HUNTINGDONSHIRE DISTRICT COUNCIL
Contact Name
Ms Sarah Youthed
Contact Email
sarah.youthed@huntingdonshire.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
HUNTINGDON
Postcode
PE29 3TN
Post Town
Peterborough
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH4 Cambridgeshire and Peterborough
Small Region (ITL 3)
TLH42 Cambridgeshire CC
Delivery Location
TLH East (England)
Local Authority
Huntingdonshire
Electoral Ward
Huntingdon North
Westminster Constituency
Huntingdon

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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