Tender

Investment Property Valuations-National Locations

MANSFIELD DISTRICT COUNCIL

This public procurement record has 1 release in its history.

Tender

20 Jun 2025 at 16:36

Summary of the contracting process

The current procurement process is managed by Mansfield District Council in collaboration with Nottinghamshire County Council, seeking to appoint a single supplier for investment property valuations across national locations. The tender, titled "Investment Property Valuations-National Locations," falls under the real estate services industry category and requires coverage of various UK regions, identified under the geographical markers UKC to UKK. Currently in the tender stage with an open procurement method, the process is part of an open competition. Enterprises interested in participating must submit their bids by the deadline at midday on 18th July 2025, with enquiries closing by the end of 4th July 2025. The contract is set to commence on 1st November 2025, with a duration of five years and no extensions available.

This tender presents notable opportunities for businesses skilled in property valuation, especially those experienced in real estate services who can provide national coverage. Valuation firms with capabilities to meet International Financial Reporting Standards (IFRS) requirements and perform reinstatement replacement cost assessments will find this contract particularly appealing. Small and medium enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are acknowledged as suitable for tender eligibility. With a focus on quality and price, businesses adept in these areas can leverage this opportunity to enhance their growth through a significant partnership with public authorities.

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Notice Title

Investment Property Valuations-National Locations

Notice Description

Nottinghamshire County Council (the Council) is seeking tenders, on behalf of Mansfield District Council (MDC), for the services as detailed below, nationwide geographical coverage is required. Mansfield District Council owns and manages a portfolio of 10 investment properties. The portfolio includes 9 UK wide properties and 1 shopping centre in Mansfield. The property mix includes a hotel, gym, office, supermarket, VW commercial vehicle sales/service centre, 2 x DIY retail, industrial, shopping centre and mixed office and residential long leasehold interest. Under the requirements of the International Financial Reporting Standards (IFRS) the Council is obliged to accurately account for its property assets on an annual basis. To comply with these requirements the Council intends to appoint an appropriately experienced and qualified firm of valuers (hereinafter "the Valuer) on a five-year contract to undertake annual asset valuations of the Council's investment portfolio for financial reporting purposes. The Council is also obliged to carry out an annual Impairment to assess any material impact in the asset values from the valuation date (31st December) to the year-end date (31st March). To satisfy this requirement the Council intends to incorporate this annual impairment review into the 5-year contract. The Council also requires the Valuer to undertake reinstatement replacement cost assessments for 6 properties for insurance purposes. These will only be required in one year of the contract term. MDC require a Single Supplier to carry out this work. Contract length is 5 years with no extensions available. Estimated contract start date is 1st November 2025.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-055141
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/034194-2025
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
Tender Suitability
SME, VCSE
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
£150,000 £100K-£500K
Lots Value
£150,000 £100K-£500K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Jun 20258 months ago
Submission Deadline
18 Jul 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Nov 2025 - 31 Oct 2030 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
MANSFIELD DISTRICT COUNCIL
Additional Buyers

NOTTINGHAMSHIRE COUNTY COUNCIL

Contact Name
Nicola Marshall
Contact Email
procurement@mansfield.gov.uk, prpc@nottscc.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
MANSFIELD
Postcode
NG19 7BH
Post Town
Nottingham
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF16 South Nottinghamshire
Delivery Location
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLI London, TLJ South East (England), TLK South West (England)

Local Authority
Rushcliffe
Electoral Ward
Trent Bridge
Westminster Constituency
Rushcliffe

Further Information

Notice Documents

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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