Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Asset Valuations 2024 - 2029

Bournemouth Christchurch and Poole Council

This public procurement record has 2 releases in its history.

Award

28 Jan 2025 at 14:26

Award Notice
Tender

25 Oct 2024 at 10:50

Tender Notice
Summary of the contracting process

Bournemouth Christchurch and Poole Council has initiated a procurement process for "Asset Valuations 2024 - 2029" in the region of UKK24, specifically Bournemouth. This project, classified under the industry category of real estate agency services on a fee or contract basis, is currently at the award stage. The procurement was conducted via an open procedure, and the primary objective is to perform annual asset valuations for the Council's General Fund and Housing Revenue Account over a five-year period. The contract, valued at £250,000 GBP, was awarded on 28th January 2025 to Lambert Smith Hampton Group, who will undertake the service in accordance with CIPFA and RICS guidelines. Key dates for tender submissions were such that the tender period ended on 29th November 2024.

This tender presents substantial opportunities for businesses engaged in real estate valuation services, particularly those experienced in diverse property evaluations and adhering to stringent industry standards. Companies specialising in comprehensive valuation methodologies will find this contract beneficial for expanding their portfolio and establishing long-term relationships with regional authorities. Additionally, as the procurement favoured bids combining high quality (60%) and competitive pricing (40%), firms capable of delivering exceptional service at a reasonable cost were ideal candidates. This opportunity is particularly suited for established large-scale firms skilled in handling complex and varied asset evaluations, reinforcing their market presence while contributing to public sector efficiency.

How relevant is this notice?

Notice Information

Notice Title

Asset Valuations 2024 - 2029

Notice Description

Asset Valuation Service for General Fund and Housing Revenue Account 2024 - 2029. Assets valued in any given year represent a cross section of the Council's portfolio. Consequently, the assets comprise a wide range of property types and interests requiring a range of valuation methodologies.

Lot Information

Lot 1

Asset Valuation Service for General Fund and Housing Revenue Account 2024 - 2029. Assets valued in any given year represent a cross section of the Council's portfolio. Consequently, the assets comprise a wide range of property types and interests requiring a range of valuation methodologies. Additional information: Please do not contact any officer/team named on this notice or the documentation. All documentation for this opportunity is available on www.supplyingthesouthwest.org.uk . Any expressions of interest must be made through this portal unless otherwise instructed. You will need to register on the site to submit a bid. Registering is free of charge.

Renewal: The Authority has 2 options to extend the contract and each option shall be an additional 12 months. The maximum period of this contract shall therefore be 60 months and this period includes all options to extend.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04b147
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/002841-2025
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

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

Notice Value(s)

Tender Value
£250,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£250,000 £100K-£500K

Notice Dates

Publication Date
28 Jan 20251 years ago
Submission Deadline
29 Nov 2024Expired
Future Notice Date
Not specified
Award Date
28 Jan 20251 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
Bournemouth Christchurch and Poole 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
BOURNEMOUTH
Postcode
BH2 6DY
Postcode Area
Bournemouth
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK6 North Somerset, Somerset and Dorset
Small Region (ITL 3)
TLK63 Bournemouth, Christchurch and Poole
Delivery Location
TLK24 Bournemouth, Christchurch and Poole
Local Authority
Bournemouth, Christchurch and Poole
Electoral Ward
Bournemouth Central
Westminster Constituency
Bournemouth West

Supplier Information

Number of Suppliers
1
Supplier Name

Lambert Smith Hampton Group

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...