Award

Housing Stock Asset Valuation

MILTON KEYNES CITY COUNCIL

This public procurement record has 2 releases in its history.

Award

24 Mar 2026 at 13:58

Tender

08 Jan 2026 at 17:05

Summary of the contracting process

Milton Keynes City Council has successfully concluded a procurement process titled "Housing Stock Asset Valuation," focusing on real estate evaluation within the UKJ12 region. This process falls under the public authority - sub-central government classification and was executed through an open competition method, below threshold. The procurement, which transitioned from the tender stage initiated on 8 January 2026 to awarding on 2 March 2026, aimed to appoint a Valuer to ensure accurate annual housing stock evaluations essential for the Council's financial reporting requirements. The contract spans from 2 March 2026 to 1 March 2031, with a gross contract value of GBP 58,380, awarded to Align Property Partners for delivering residential property valuation services.

This procurement initiative offers significant business growth opportunities, particularly for firms specialising in property management and real estate services. With 12,453 properties under consideration, businesses skilled in housing asset evaluations and financial integrity can leverage their expertise to gain traction in the public sector. The competitive yet open nature of this tender invites not only large-scale operators like Align Property Partners but also smaller, qualified entities eager to expand their service offerings and establish long-term relationships with local governmental units. By aligning with compliance standards set forth by CIPFA, the process also presents avenues for revenue stability and reputational enhancement through consistent service delivery.

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How relevant is this notice?

Notice Title

Housing Stock Asset Valuation

Notice Description

Milton Keynes City Council is a unitary authority responsible for delivering a full range of local services, including education, social care, planning, housing, and highways. The Council manages its housing stock within the Housing Revenue Account (HRA), which is subject to annual revaluation in line with Chartered Institute of Public Finance and Accountancy (CIPFA) requirements to ensure accurate reporting in the Council's financial statements. As of 31 March 2025, the housing stock comprises approximately 12,453 properties. Accurate valuation of these assets is essential for compliance and financial integrity. The Council is seeking to appoint a suitably qualified Valuer to undertake the annual valuation of its housing stock. The appointed valuer will be required to: * Nominate a Project Manager to act as the principal point of contact throughout the contract. * Deliver the services outlined in the Service Specification. * Advise the Client Officer on any additional information required to complete the valuation process.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-060246
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/026841-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70100000 - Real estate services with own property

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

70331000 - Residential property services

Notice Value(s)

Tender Value
£70,000 Under £100K
Lots Value
£70,000 Under £100K
Awards Value
Not specified
Contracts Value
£48,650 Under £100K

Notice Dates

Publication Date
24 Mar 20261 months ago
Submission Deadline
29 Jan 2026Expired
Future Notice Date
Not specified
Award Date
26 Feb 20262 months ago
Contract Period
2 Mar 2026 - 1 Mar 2031 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
MILTON KEYNES CITY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MILTON KEYNES
Postcode
MK9 3EJ
Post Town
Milton Keynes
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ12 Milton Keynes
Delivery Location
TLJ12 Milton Keynes

Local Authority
Milton Keynes
Electoral Ward
Central Milton Keynes
Westminster Constituency
Milton Keynes Central

Supplier Information

Number of Suppliers
1
Supplier Name

ALIGN PROPERTY PARTNERS

Open Contracting Data Standard (OCDS)

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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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