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WFHA - Asset Valuation Consultant

Waltham Forest Housing Association

This public procurement record has 3 releases in its history.

Award

05 Aug 2025 at 08:37

UK7 - Contract Details Notice
Award

23 Jul 2025 at 08:34

UK6 - Contract Award Notice
Award

18 Jul 2025 at 10:52

UK5 - Transparency Notice
Summary of the contracting process

The latest procurement process, initiated by the Waltham Forest Housing Association (WFHA), involved the appointment of a consulting firm for an asset valuation project. The procurement was specifically for the role of Asset Valuation Consultant, aimed at ensuring the financial accuracy of WFHA's social housing assets, across the London Borough of Waltham Forest. The housing association, a long-established provider of social housing, seeks to re-evaluate its assets to update insurance coverage. The contract was awarded to Norse Consulting Group Ltd (NCGL), and it runs for a year from 5th August 2025 to 4th August 2026, with an overall gross value of £35,400. The procurement method employed was 'direct', aimed at small-scale businesses, classified under business services: law, marketing, consulting, recruitment, printing, and security, within the United Kingdom.

This tender presents significant opportunities for SMEs specialising in property valuation and consultancy services. Given the nature of the service, businesses with expertise in asset valuation for social housing schemes could leverage their niche skills to engage with public undertakings. This contract not only strengthens business partnerships but also enhances these firms' portfolios by associating with reputable public agencies. Such contracts can lead to future opportunities in similar sectors, offering scalability and networking potential for businesses looking to expand their footprint in the real estate consultancy market.

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Notice Information

Notice Title

WFHA - Asset Valuation Consultant

Notice Description

WFHA, is a small independent and not-for-profit Registered Provider (PR), providing social homes across the London Borough of Waltham Forest for over sixty years. WFHA currently owns c350 homes: c150 general needs, c150 sheltered housing and c20 supported housing for adults with learning disabilities. * In addition, WFHA owns a property used to house young homeless people and this is currently 1 leased to another provider. The Service Provider will be required to undertake a full valuation exercise across all of WFHA assets. * WFHA Current property assets were last fully valued in 2014, however, partial valuation was carried out in 2018. WFHA full asset requires a revaluation, to ensure that the insurance coverage across the assets is adequate and future proofed. The consultant will be required to carry out this valuation process in an efficient manner without impacting the tenant(s) or any of the properties. * The majority are occupied; however, the portfolio does contain some voids and occupancy can change at any point. * Over the course of a typical year the property portfolio will fluctuate potentially 10%. * The previous value of the portfolio was detailed as circa PS60m with insurance estimates of circa PS75m. Full details will be provided to the appointed bidder along with other relevant supporting information upon receipt of the completed confidentiality agreement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0561f3
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/045932-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£29,500 Under £100K
Contracts Value
£29,500 Under £100K

Notice Dates

Publication Date
5 Aug 20251 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
18 Jul 20251 years ago
Contract Period
5 Aug 2025 - 4 Aug 2026 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Waltham Forest Housing Association
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E17 3RU
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI53 Redbridge and Waltham Forest
Delivery Location
Not specified
Local Authority
Waltham Forest
Electoral Ward
Hoe Street
Westminster Constituency
Walthamstow

Supplier Information

Number of Suppliers
1
Supplier Name

Norse Consulting Group Ltd (NCGL)

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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