Notice Information
Notice Title
P23-0122: Scottish Enterprise Investment Property Portfolio - Asset Valuation Service
Notice Description
Scottish Enterprise is seeking to commission a supplier to provide a property asset valuation service for Scottish Enterprise's investment property portfolio. The value of the land and property assets is required to ensure that the value of the property assets of Scottish Enterprise are properly represented in its financial accounts and is to be carried out in accordance with the RICS Appraisal and Valuation Standards. The requirement is to prepare bi-annual and annual valuations of the properties on the basis of "fair value" which to all intents and purposes will be the open market value. Scottish Enterprise's investment property portfolio is currently valued at GBP149M (as of March 2023), and comprises: - Industrial buildings - Offices - Business parks - Business centres - Energy, Science and Technology parks - Development land - Other property interests This contract will for a three-year period commencing on c.1 August 2023. After this time, Scottish Enterprise will have the option to extend the contract for a further one-year period. The anticipated value of the contract over the maximum four year duration is anticipated as being between GBP200,000 and GBP300,000 (excl VAT).
Lot Information
Lot 1
Scottish Enterprise is seeking to commission a supplier to provide a property asset valuation service for Scottish Enterprise's investment property portfolio. The value of the land and property assets is required to ensure that the value of the property assets of Scottish Enterprise are properly represented in its financial accounts and is to be carried out in accordance with the RICS Appraisal and Valuation Standards. The requirement is to prepare bi-annual and annual valuations of the properties on the basis of "fair value" which to all intents and purposes will be the open market value. Scottish Enterprise's investment property portfolio is currently valued at GBP149M (as of March 2023), and comprises: - Industrial buildings - Offices - Business parks - Business centres - Energy, Science and Technology parks - Development land - Other property interests This contract will for a three-year period commencing on c.1 August 2023. After this time, Scottish Enterprise will have the option to extend the contract for a further one-year period. The anticipated value of the contract over the maximum four year duration is anticipated as being between GBP200,000 and GBP300,000 (excl VAT). Additional information: Economic operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015.
Options: Following the initial period of 36 months, Scottish Enterprise reserves the right to extend the contract by a further period of 12 months.
Renewal: Following the initial period of 36 months, Scottish Enterprise reserves the right to extend the contract by a further period of 12 months.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-03c59f
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/022353-2023
- Current Stage
- Award
- All Stages
- Tender, Award
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
- Large
Common Procurement Vocabulary (CPV)
- CPV Divisions
-
- CPV Codes
70000000 - Real estate services
70120000 - Buying and selling of real estate
70121000 - Building sale or purchase services
70122000 - Land sale or purchase services
70300000 - Real estate agency services on a fee or contract basis
70332000 - Non-residential property services
Notice Value(s)
- Tender Value
- £300,000 £100K-£500K
- Lots Value
- £300,000 £100K-£500K
- Awards Value
- Not specified
- Contracts Value
- £237,000 £100K-£500K
Notice Dates
- Publication Date
- 1 Aug 20233 years ago
- Submission Deadline
- 6 Jun 2023Expired
- Future Notice Date
- Not specified
- Award Date
- 1 Aug 20233 years ago
- Contract Period
- Not specified - Not specified
- Recurrence
- This service may be re-tendered towards the end of the contract, during 2026 or 2027, subject to the additional 12 month extension being taken forward. Scottish Enterprise publishes a Forward Plan of procurement activity on https://www.scottish-enterprise.com/.
Notice Status
- Tender Status
- Complete
- Lots Status
- Cancelled
- Awards Status
- Active
- Contracts Status
- Active
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- Scottish Enterprise
- Contact Name
- Available with D3 Tenders Premium →
- Contact Email
- Available with D3 Tenders Premium →
- Contact Phone
- Available with D3 Tenders Premium →
Buyer Location
- Locality
- GLASGOW
- Postcode
- G2 6HQ
- Postcode Area
- Glasgow
- Country
- Scotland
-
- Major Region (ITL 1)
- TLM Scotland
- Basic Region (ITL 2)
- TLM3 West Central Scotland
- Small Region (ITL 3)
- TLM32 Glasgow City
- Delivery Location
- TLM Scotland
-
- Local Authority
- Glasgow City
- Electoral Ward
- Anderston/City/Yorkhill
- Westminster Constituency
- Glasgow North
Further Information
Notice URLs
Open Contracting Data Standard (OCDS)
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.