Award

PLA25173 Investment Assets Valuations

TORBAY COUNCIL

This public procurement record has 1 release in its history.

Award

09 Dec 2025 at 16:13

Summary of the contracting process

Torbay Council, a public authority within the sub-central government of the United Kingdom, has completed a public procurement process titled "PLA25173 Investment Assets Valuations". This process pertains to the delivery of professional valuation advice for investment assets. Located in Torquay, the council awarded the contract through a "direct" procurement method classified as "Below threshold - without competition" aimed at services. The procurement stage has reached the "Award" phase with the contract commencing on 5th January 2026 and concluding by 4th January 2029, with an option for a 12-month extension. Valued at approximately GBP £86,267, this contract exemplifies the council’s strategic investment initiatives.

This tender, awarded to Vickery Holman, provides significant opportunities for businesses involved in evaluation consultancy services, particularly small and medium-sized enterprises (SMEs), to engage in public sector work. Open to firms capable of delivering high-level valuation advice, this contract is a remarkable opportunity for such organisations to gain reputation and experience in public sector projects. Located in the UK's South West, it encourages local business growth and fosters further potential for subsequent extensions, which could total an additional £21,567 over 12 months, thereby providing a stable revenue stream for experts in this field.

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Notice Title

PLA25173 Investment Assets Valuations

Notice Description

The delivery of professional valuation advice for investment assets on behalf of Torbay Council.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05f216
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/081174-2025
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79419000 - Evaluation consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£86,267 Under £100K

Notice Dates

Publication Date
9 Dec 20252 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
2 Dec 20252 months ago
Contract Period
5 Jan 2026 - 4 Jan 2029 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
TORBAY COUNCIL
Contact Name
Alex Bolton
Contact Email
alex.bolton@torbay.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
TORQUAY
Postcode
TQ1 3DR
Post Town
Torquay
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK4 Devon
Small Region (ITL 3)
TLK42 Torbay
Delivery Location
Not specified

Local Authority
Torbay
Electoral Ward
Tormohun
Westminster Constituency
Torbay

Supplier Information

Number of Suppliers
1
Supplier Name

VICKERY HOLMAN

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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