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Asset and Insurance Valuation

Test Valley Borough Council

This public procurement record has 1 release in its history.

Tender

25 Oct 2024 at 12:19

Tender Notice
Summary of the contracting process

Test Valley Borough Council is currently in the tender stage for a contract titled "Asset and Insurance Valuation" under the industry category of Real Estate Services. This procurement is aimed at appointing a consultant or firm to provide annual asset valuation and insurance valuation reports, adhering to CIPFA and RICS regulations. The contract spans 3 years, with a possible extension of an additional 3 years based on satisfactory performance, reaching a maximum duration of 6 years. The tender process follows an open procedure, and the deadline for submission is 25th November 2024. The contract value is estimated at £180,000, and the services are to be delivered within the Test Valley region in the UKJ3 area.

This tender represents a significant opportunity for firms specialising in real estate and insurance valuation services. Businesses with experience in providing detailed valuation reports and addressing specific auditor and insurer queries will find themselves well-suited to meet the requirements of this contract. The long-term nature of the contract, with the potential for extension, offers sustained business growth for the successful bidder. Additionally, the open procedure allows for broad participation, presenting opportunities for both established firms and newer entrants to the market.

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Notice Information

Notice Title

Asset and Insurance Valuation

Notice Description

Test Valley Borough Council is seeking to appoint consultant or firm to provide annual asset valuation reports and insurance valuation reports in accordance with CIPFA and RICS regulations. The contract duration is 3 Years (with the possibility of 3 year extension, to a maximum of 6 years, subject to satisfactory performance and the agreement of both parties). The services to be provided will also include providing responses to auditor's and insurer's questions within specified timescales. Further details are available at https://uk.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=87054&B=UK

Lot Information

Lot 1

Test Valley Borough Council is seeking to appoint consultant or firm to provide annual asset valuation reports and insurance valuation reports in accordance with CIPFA and RICS regulations. The contract duration is 3 Years (with the possibility of 3 year extension, to a maximum of 6 years, subject to satisfactory performance and the agreement of both parties). The services to be provided will also include providing responses to auditor's and insurer's questions within specified timescales. Further details are available at https://uk.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=87054&B=UK

Options: The contract duration is 3 Years (with the possibility of 3 year extension, to a maximum of 6 years, subject to satisfactory performance and the agreement of both parties).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04b159
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/034653-2024
Current Stage
Tender
All Stages
Tender

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
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£180,000 £100K-£500K
Lots Value
£180,000 £100K-£500K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
25 Oct 20241 years ago
Submission Deadline
25 Nov 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Test Valley 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
ANDOVER
Postcode
SP10 3AJ
Postcode Area
Salisbury
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ36 Central Hampshire
Delivery Location
TLJ3 Hampshire and Isle of Wight
Local Authority
Test Valley
Electoral Ward
Andover Millway
Westminster Constituency
North West Hampshire

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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.

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