Award

Commercial Property Intelligence (Subscription for Non-Residential Property Data)

VALUATION OFFICE AGENCY

This public procurement record has 3 releases in its history.

Award

12 Mar 2026 at 08:36

Award

25 Feb 2026 at 15:20

Award

25 Feb 2026 at 14:09

Summary of the contracting process

The public procurement process for the "Commercial Property Intelligence (Subscription for Non-Residential Property Data)" was conducted by the Valuation Office Agency, a central government public authority based in London, United Kingdom. The procurement categorised under "Real Estate Services" deals with the renewal of the CoStar subscription for non-residential property data, and the contract has been awarded to COSTAR UK LIMITED. The procurement method utilised was a direct award without competition, justified by technical reasoning and the single supplier position of CoStar. The contract, valued at £2,786,782.17 gross, commences on 1 April 2026 and concludes on 31 March 2029. The transparency notice for this complete contract was published on 12 March 2026.

This tender signifies a substantial opportunity for businesses dealing in non-residential property data services, especially those capable of delivering core valuation, marketing, and transactional information of individual properties without the need for physical inspections. Businesses that specialise in real estate data services, particularly in subscription-based models, are uniquely placed to benefit from similar opportunities. The reliance on accurate data to reduce inspection costs and improve taxpayer response times can spur demand for innovative solutions and services tailored to the government sector. While COSTAR UK LIMITED is the current supplier, other large-scale suppliers in the sector should monitor similar contracts that might arise in the future.

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How relevant is this notice?

Notice Title

Commercial Property Intelligence (Subscription for Non-Residential Property Data)

Notice Description

Awarded contract - this means that the contract has been awarded to a supplier and is being published for transparency purposes only. The VOA has a requirement to renew its CoStar Subscription for Non-residential Property Data. The provision of this key data supports the VOA in a wide variety of valuation purposes; ensuring the quality and completeness of our data, reducing the need for physical inspections, increasing the timeliness of response to taxpayers and finally to limit the burden on occupiers to provide information about their properties. The supply of this data should comprise of information relating to core valuation data, marketing and transactional information of individual properties. The data will only be required for non-residential properties.

Procurement Information

Direct Award Without Competition was our chosen route, under Procurement Act 2023: Section 41, Schedule 5, Para 4 (Single Suppliers). Technical reasoning. CoStar are in a single supplier position.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-065c21
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/022100-2026
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
Direct award
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
£2,322,318 £1M-£10M
Contracts Value
£2,322,318 £1M-£10M

Notice Dates

Publication Date
12 Mar 20262 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
25 Feb 20262 weeks ago
Contract Period
31 Mar 2026 - 31 Mar 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
VALUATION OFFICE AGENCY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified

Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

COSTAR

Further Information

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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