Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

MBC Property Valuation

Maidstone Borough Council

This public procurement record has 3 releases in its history.

Award

23 Dec 2024 at 15:31

Award Notice
TenderUpdate

04 Sep 2024 at 17:13

Tender Notice
Tender

04 Sep 2024 at 16:37

Tender Notice
Summary of the contracting process

Maidstone Borough Council (MBC) sought quotations from experienced and qualified contractors to undertake asset valuations for year-end financial reporting and insurance purposes. Classified under the "Residential property services" industry category, the procurement process was conducted under an open procedure. The tender was active from 4th September 2024, with the deadline for expressions of interest on 2nd October 2024 and final tender submissions due by 9th October 2024. The contract, valued at £210,050, was subsequently awarded to Wilks Head & Eve LLP on 10th December 2024. The project location is UKJ45, covering the Maidstone area, with initial procurement planning and tender stages successfully completed by late 2024.

This tender provides significant opportunities for firms specialising in property valuation services to engage in long-term contracts with MBC. The scope includes not only routine valuations but also discretionary valuations connected to acquisitions, disposals, and potential development projects. Firms capable of delivering high-quality, cost-effective services across diverse property types, including residential, commercial, and specialised properties, are well-suited to compete. The project offers opportunities for small and medium-sized enterprises (SMEs) to grow their portfolios by securing government contracts and providing ongoing advisory and valuation services.

How relevant is this notice?

Notice Information

Notice Title

MBC Property Valuation

Notice Description

Maidstone Borough Council (MBC) is looking for quotes from suitably experienced and qualified contractors to undertake its asset valuations for yearend financial reporting and insurance purposes. The current assets (see appendix A) are likely to increase over the next 10 years as we continue to increase our Housing portfolio for affordable housing. We are aiming to increase the stock up to around 1,000 Affordable and 350 private rented sector properties.

Lot Information

Lot 1

Maidstone Borough Council (MBC) is looking for quotes from suitably experienced and qualified contractors to undertake its asset valuations for yearend financial reporting and insurance purposes. The current assets (see appendix A) are likely to increase over the next 10 years as we continue to increase our Housing portfolio for affordable housing. We are aiming to increase the stock up to around 1,000 Affordable and 350 private rented sector properties.

Renewal: There will be 2 optional annual extensions, after the initial contract term.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04981d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/041441-2024
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70331000 - Residential property services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£210,050 £100K-£500K

Notice Dates

Publication Date
23 Dec 20241 years ago
Submission Deadline
9 Oct 2024Expired
Future Notice Date
Not specified
Award Date
10 Dec 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Maidstone Borough 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
MAIDSTONE
Postcode
ME15 6JQ
Postcode Area
Rochester
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ4 Kent
Small Region (ITL 3)
TLJ45 Mid Kent
Delivery Location
TLJ45 Mid Kent
Local Authority
Maidstone
Electoral Ward
High Street
Westminster Constituency
Maidstone and Malling

Supplier Information

Number of Suppliers
1
Supplier Name

Wilks Head & Eve LLP

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...