Award

Asset Valuation Services - Investment Assets (HRA Shops)

LONDON BOROUGH OF ENFIELD

This public procurement record has 1 release in its history.

Award

05 Nov 2025 at 13:28

Summary of the contracting process

The London Borough of Enfield, a sub-central government public authority, recently completed the procurement process for Asset Valuation Services concerning its Investment Properties portfolio. This contract involves a revaluation of the investment assets, particularly HRA shops, reflecting market conditions as at 31st December 2025, with an uplift to 31st March 2026. The procurement method employed was direct and below threshold, which selected Spencer Craig, a large supplier, to provide these services under a contract valued at £31,750.00 net for the period from 15th October 2025 to 14th October 2026. The revaluation services fall within the real estate services category, with the primary location of the contract being Enfield, UK.

This contract presents significant opportunities for enterprises engaged in real estate valuation services, particularly those capable of delivering assessments in alignment with market trends and regulatory requirements. Businesses with expertise in asset valuation within similar timelines and environments could find such opportunities lucrative. Large-scale service providers familiar with public sector procurement and capable of operating under direct contract conditions would be well-suited to pursue future similar opportunities with other public authorities such as the London Borough of Enfield.

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Notice Title

Asset Valuation Services - Investment Assets (HRA Shops)

Notice Description

To carry out a revaluation of all Investment Properties in the portfolio assigned per this document, ensuring the valuations reflect market conditions as at 31st December 2025 with an uplift to 31st March 2026.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05daf5
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/071263-2025
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£31,750 Under £100K

Notice Dates

Publication Date
5 Nov 20253 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
13 Oct 20254 months ago
Contract Period
14 Oct 2025 - 14 Oct 2026 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF ENFIELD
Contact Name
Not specified
Contact Email
procurement.support@enfield.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
ENFIELD
Postcode
EN1 3XA
Post Town
Enfield
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI54 Enfield
Delivery Location
Not specified

Local Authority
Enfield
Electoral Ward
Town
Westminster Constituency
Enfield North

Supplier Information

Number of Suppliers
1
Supplier Name

SPENCER CRAIG

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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