Tender

Housing Stock Asset Valuation

MILTON KEYNES CITY COUNCIL

This public procurement record has 1 release in its history.

Tender

08 Jan 2026 at 17:05

Summary of the contracting process

Milton Keynes City Council is currently in the tender stage, seeking qualified valuers for a "Housing Stock Asset Valuation" project within the real estate services industry. The procuring authority, located at Civic Offices in Milton Keynes, is responsible for revaluating approximately 12,453 housing properties as of 31 March 2025. This initiative is part of compliance with the Chartered Institute of Public Finance and Accountancy (CIPFA) standards. The contract is open for submission via an open competition procurement method, with tenders to be submitted by 29 January 2026. Enquiries can be brought to a close by 22 January 2026, and the contract is set to commence on 2 March 2026 and conclude by 1 March 2031. The anticipated contract value is £70,000, with a gross amount of £84,000.

This tender offers significant opportunities for businesses specialising in real estate services, particularly those with experience in property valuation and management. The contract is suitable for firms capable of managing extensive property portfolios and providing services compliant with public sector financial regulations. The valuing firm must appoint a Project Manager to oversee the contract, making it an ideal opportunity for businesses aiming to reinforce their project management and consulting credentials within the public sector. Businesses experienced in collaborating with local councils or those looking to establish themselves within the UK sub-central government market will find this tender a promising prospect for growth.

How relevant is this notice?

Notice Information

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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-060246
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/001631-2026
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
Tender Suitability
Not specified
Awardee Scale
Not specified

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
Not specified

Notice Dates

Publication Date
8 Jan 20261 weeks ago
Submission Deadline
29 Jan 20262 weeks to go
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
2 Mar 2026 - 1 Mar 2031 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
MILTON KEYNES CITY COUNCIL
Contact Name
Not specified
Contact Email
corporateprocurement@milton-keynes.gov.uk
Contact Phone
Not specified

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

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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