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RMCB 051 Asset Valuation Programme

Shropshire Council

This public procurement record has 3 releases in its history.

Award

25 Feb 2025 at 16:05

Award Notice
TenderUpdate

23 Oct 2024 at 10:05

Tender Notice
Tender

27 Sep 2024 at 10:05

Tender Notice
Summary of the contracting process

Shropshire Council is soliciting tenders for the "RMCB 051 ASSET VALUATION PROGRAMME" under the services category of non-residential property services (CPV: 70332000). The Council intends to select an RICS-regulated firm to provide annual asset valuation and ad hoc valuation advice. The procurement process is currently at the tender stage, with significant dates including the initial tender closing date now extended to 11th November 2024. The location for service delivery is Shropshire, UK, and the procurement method is an open procedure. The contract duration is three years starting on 23rd September 2024 with an option to extend for an additional two years. The entire procurement process is conducted electronically with mandatory written submissions.

This tender provides substantial growth opportunities, particularly for small or medium enterprises (SMEs) specialising in property valuation services. The contract is valued at £200,000 and requires a firm with competencies in valuing diverse property types, including commercial, industrial, and public-sector assets such as schools and highways. SMEs with expertise in RICS Valuation Standards and CIPFA regulations will find this opportunity well-suited to their capabilities. By securing this contract, businesses can enhance their portfolio and establish a long-term relationship with a regional authority, thereby fostering potential future engagements and expansions.

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Notice Information

Notice Title

RMCB 051 Asset Valuation Programme

Notice Description

This is an award notice for an RICS Regulated firm to provide valuation services for the annual asset valuation programme and ad hoc valuation advice as required.

Lot Information

Lot 1

This is an award notice for an RICS Regulated firm to provide valuation services for the annual asset valuation programme and ad hoc valuation advice as required. The Council holds a diverse land and property portfolio of around 460 assets, all located within the county and with a balance sheet value of c.PS500m. Shropshire itself is a rural county with a population of 327,200 across the County town of Shrewsbury, market towns and rural settlements. Property assets include commercial retail, office and industrial sites, accommodation properties, schools, car parks, waste and highways sites, smallholdings and land held on both freehold and leasehold titles. The assets are held as either Investment or Property Plant and Equipment, Surplus or Held for Sale categories. The appointed valuers will need to be qualified and competent to value all types of freehold and leasehold property asset, complying with both the requirements of the RICS Valuation Standards and CIPFA regulations. Valuations are on a Market Value Basis, Existing Use or Depreciated Replacement Cost basis. Valuations are required to be presented as a land/building split with an estimate of the remaining useful life for PPE and Surplus valuations. The Council has a componentisation policy which is to be implemented based on the asset values. The appointment will be for three years with an option to extend for a further two years.

Renewal: option to extend for a further two years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04a368
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/007191-2025
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

70332000 - Non-residential property services

Notice Value(s)

Tender Value
£200,000 £100K-£500K
Lots Value
£200,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£190,000 £100K-£500K

Notice Dates

Publication Date
25 Feb 20251 years ago
Submission Deadline
28 Oct 2024Expired
Future Notice Date
Not specified
Award Date
23 Dec 20241 years ago
Contract Period
23 Sep 2024 - 22 Sep 2027 2-3 years
Recurrence
5 years

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Shropshire 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
SHREWSBURY
Postcode
SY2 6ND
Postcode Area
Shrewsbury
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG2 Shropshire and Staffordshire
Small Region (ITL 3)
TLG22 Shropshire
Delivery Location
TLG22 Shropshire
Local Authority
Shropshire
Electoral Ward
Abbey
Westminster Constituency
Shrewsbury

Supplier Information

Number of Suppliers
1
Supplier Name

Bruton Knowles Ltd

Further Information

Open Contracting Data Standard (OCDS)

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