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Framework Agreement for the Appointment of an Independent Property Valuer

Staffordshire County Council

This public procurement record has 2 releases in its history.

Award

20 Mar 2025 at 07:51

Award Notice
Tender

28 Oct 2024 at 12:46

Tender Notice
Summary of the contracting process

Staffordshire County Council, acting as the administering authority of the Staffordshire Pension Fund, has initiated a Framework Agreement for the Appointment of an Independent Property Valuer under CPV code 70332200, which pertains to commercial property management services. The procurement method utilized is an open procedure, and this framework spans a period from 1 February 2025 to 31 January 2029. The contract primarily focuses on providing independent property valuation services across several Local Government Pension Funds in the UK, including regions such as Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Shropshire, West Midlands, and Worcestershire. The deadline for tender submissions is 28 November 2024 at 12:00 PM Greenwich Mean Time (GMT), with an anticipated contract commencement date of 1 February 2025.

This procurement presents significant business growth opportunities, particularly for firms specializing in non-residential property services. Businesses like property valuation firms, particularly those experienced in the public sector and adhering to the Royal Institution of Chartered Surveyors (RICS) standards, would be well-suited for this tender. The contract, valued at approximately £2,000,000, is split among several suppliers, including large firms such as Savills UK Limited, Knight Frank LLP, and CBRE Ltd. This opportunity allows successful bidders to establish long-term contracts, fostering growth through stable revenue streams and potential partnerships with multiple regional pension funds and the LGPS Central Pool.

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Notice Information

Notice Title

Framework Agreement for the Appointment of an Independent Property Valuer

Notice Description

The Framework is for an agreement between the appointed Supplier(s) and Staffordshire County Council, acting in its capacity as the administering authority of the Staffordshire Pension Fund, to supply an independent property valuation service for the Local Government Pension Fund Property Portfolio in accordance with the terms as agreed within the Framework.

Lot Information

Lot 1

The Framework is for an agreement between the appointed Supplier(s) and Staffordshire County Council, acting in its capacity as the administering authority of the Staffordshire Pension Fund, to supply an independent property valuation service for the Local Government Pension Fund Property Portfolio in accordance with the terms as agreed within the Framework. The Framework will be for a period of 4 years. 1 February 2025 - 31 January 2029. Individual call offs from the intended parties can be for a period of up to no more than 5 years. Following the formation of LGPS asset pools in 2018, Staffordshire Pension Fund is part of the LGPS Central Pool. Along with 7 other Partner Funds. For this Procurement the County Council is allowing the following Bodies to utilise the contract - * Cheshire Pension Fund * Cheshire West and Chester Council * Derbyshire Pension Fund * Leicestershire Pension Fund * Nottinghamshire Pension Fund * Shropshire County Pension Fund * West Midlands Pension Fund (including the West Midlands Integrated Transport Authority) * Worcestershire Pension Fund * LGPS Central Limited

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04b1d0
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/010280-2025
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70332000 - Non-residential property services

70332200 - Commercial property management services

Notice Value(s)

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

Notice Dates

Publication Date
20 Mar 20251 years ago
Submission Deadline
28 Nov 2024Expired
Future Notice Date
Not specified
Award Date
4 Feb 20251 years ago
Contract Period
1 Feb 2025 - 31 Jan 2029 4-5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Staffordshire County Council
Additional Buyers

Cheshire West and Chester Borough Council

Derbyshire County Council

LGPS Central

Leicestershire County Council

Nottinghamshire County Council

Shropshire Council

Wolverhampton City Council

Worcestershire County 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
CHESTER
Postcode
ST16 2DH
Postcode Area
Stoke-on-Trent
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG2 Shropshire and Staffordshire
Small Region (ITL 3)
TLG24 Staffordshire CC
Delivery Location
Not specified
Local Authority
Stafford
Electoral Ward
Forebridge
Westminster Constituency
Stafford

Supplier Information

Number of Suppliers
3
Supplier Names

CBRE Ltd

Knight Frank LLP

Savills UK Limited

Further Information

Open Contracting Data Standard (OCDS)

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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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