Award

Property Asset Valuation Services

SHETLAND ISLANDS COUNCIL

This public procurement record has 1 release in its history.

Award

18 Nov 2025 at 16:30

Summary of the contracting process

The procurement process for "Property Asset Valuation Services" was conducted by the Shetland Islands Council, with the primary focus on property management services of real estate. The contract, a services type with CPV code 70330000, is situated in the Shetland Islands, UKM66 region. Initially issued through a limited procurement method without a prior call for competition, the process concluded with a contract award to Ryden on 18th November 2025. The procurement stage is complete, following a mini competition within the Crown Commercial Services Framework RM6168 Lot 5, after a lack of competition in the initial tendering phase. The activity was covered by the Government Procurement Agreement (GPA) and valued at £250,000.

This tender presents significant opportunities for businesses specializing in property management services, particularly small and medium-sized enterprises (SMEs) capable of handling property asset valuations in line with standards set by the Royal Institution of Chartered Surveyors. The nature of the procurement, carried out through a targeted call to framework suppliers, highlights the value of being part of such frameworks to secure business growth. Companies with expertise in property asset valuation, especially those experienced in operating within the Shetland Islands and familiar with local council operations, would be well-suited to this opportunity.

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Notice Title

Property Asset Valuation Services

Notice Description

The Council carries out a rolling programme of valuation that ensures that all property, plant and equipment required to be measured at fair value, is currently revalued at least every five years, but we are considering alternative frequency of valuations. Valuations of land and buildings are required in accordance with the methodologies and bases for estimation set out in the professional standards of the Royal Institution of Chartered Surveyors.

Lot Information

Lot 1

The type of contract awarded is a Services contract.

Procurement Information

A mini competition was carried out on Crown Commercial Services Framework Agreement ("the Framework") RM6168 Lot 5. Two suppliers expressed an interest however never took part in the mini competition leaving the process with no tenders. Given the failure of the tendering process the Council approached one of the suppliers on the Framework, to establish if they could deliver the services required. They submitted a quotation which is based on the Framework Agreement and therefore gives comfort that the proposal from them is value for money.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05e3b4
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/074939-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70330000 - Property management services of real estate on a fee or contract basis

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£250,000 £100K-£500K

Notice Dates

Publication Date
18 Nov 20253 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
18 Nov 20253 months ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SHETLAND ISLANDS COUNCIL
Contact Name
Graeme MacDonald
Contact Email
contract.admin@shetland.gov.uk
Contact Phone
+44 1595744595

Buyer Location

Locality
LERWICK, SHETLAND
Postcode
ZE1 0LZ
Post Town
Lerwick
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM2 Highlands and Islands
Small Region (ITL 3)
TLM20 Highlands and Islands
Delivery Location
TLM66 Shetland Islands

Local Authority
Shetland Islands
Electoral Ward
Lerwick North and Bressay
Westminster Constituency
Orkney and Shetland

Supplier Information

Number of Suppliers
1
Supplier Name

RYDEN

Open Contracting Data Standard (OCDS)

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