Award

Framework Agreement for Right to Buy Valuation and Housing Stock Valuation Service

BIRMINGHAM CITY COUNCIL

This public procurement record has 2 releases in its history.

Award

09 Sep 2024 at 09:30

Tender

23 Jan 2024 at 09:49

Summary of the contracting process

Birmingham City Council has completed the procurement process for a Framework Agreement for Right to Buy Valuation and Housing Stock Valuation Service within the real estate services sector. The contract, awarded to Sure Surveyors Limited, encompasses services to be provided across Birmingham's corporate property and housing estates. Key milestones include the start of the framework on 1st April 2024 and the contract’s term lasting until 31st March 2028. The procurement used an open procedure and was finalised on 27th June 2024, with the contract valued at £2,000,000. The scheme falls under the CPV classification 70100000 and aims to deliver professional valuation services mandated by the Housing Act 1985, including building insurance valuations and housing stock asset valuations for financial reporting purposes.

This framework presents significant business growth opportunities for companies specialising in real estate and property valuation services. Firms qualified to deliver professional property valuations, building insurance valuations, and general financial valuation advice will find this tender particularly suitable. Specifically, small and medium enterprises (SMEs) with expertise in these areas have a competitive edge, as indicated by the six SMEs that participated in the procurement process. This contract allows the successful supplier to demonstrate their valuation capabilities on a prominent platform, potentially leading to further contracts with other public sector bodies.

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Notice Title

Framework Agreement for Right to Buy Valuation and Housing Stock Valuation Service

Notice Description

Birmingham City Council wishes to appoint suitably qualified service provider to provide professional valuation services across its corporate property and housing estates for Right to Buy valuations, building insurance valuations and housing stock asset valuations. Our objective is to deliver 'right to buy' valuations on Council owned residential properties as governed by the Housing Act 1985 and subsequent amendments. We are required to provide building insurance valuations and general valuation advice. We have an obligation to determine a valuation of the housing stock assets held by the council as identified in the asset register compiled annually. The Council also requires provision of its housing stock asset valuations for financial reporting purposes for each financial year . This will include a mixture of tenanted residential units of varying ages and character together with various garages.

Lot Information

Lot 1

Birmingham City Council wishes to appoint suitably qualified service provider to provide professional valuation services across its corporate property and housing estates for Right to Buy valuations, building insurance valuations and housing stock asset valuations. Our objective is to deliver 'right to buy' valuations on Council owned residential properties as governed by the Housing Act 1985 and subsequent amendments. We are required to provide building insurance valuations and general valuation advice. We have an obligation to determine a valuation of the housing stock assets held by the council as identified in the asset register compiled annually. The Council also requires provision of its housing stock asset valuations for financial reporting purposes for each financial year . This will include a mixture of tenanted residential units of varying ages and character together with various garages. The supplier is required to determine a valuation of the Housing stock assets held by the Council as identified in the Asset Register compiled annually and valued as of 31 March annually for each year for inclusion in the authority's balance sheet in accordance with the Chartered Institute of Public Finance and Accounting (CIPFA) Code of Practice. The supplier will review and give assurance that the values at the end of each financial year (31st March) will be materially correct and if necessary, update any valuations, where the movement is material.Tenderers are to note that this contract will be undertaken on a call off basis with orders placed as and when required.The Framework Agreement will last for 4 years (unless terminated under agreement provisions) commencing 1st April 2024.The Framework Agreement will be awarded to one supplier.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-042f1a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/028728-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

70 - Real estate services

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


CPV Codes

66515200 - Property insurance services

70100000 - Real estate services with own property

70300000 - Real estate agency services on a fee or contract basis

70330000 - Property management services of real estate on a fee or contract basis

70331000 - Residential property services

79419000 - Evaluation consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
9 Sep 20241 years ago
Submission Deadline
23 Feb 2024Expired
Future Notice Date
Not specified
Award Date
26 Jun 20241 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

Contracting Authority (Buyer)

Main Buyer
BIRMINGHAM 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
BIRMINGHAM
Postcode
B4 7WB
Post Town
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
TLG31 Birmingham

Local Authority
Birmingham
Electoral Ward
Newtown
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

SURE SURVEYORS

Open Contracting Data Standard (OCDS)

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