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COV - Corporate Property Annual Asset Valuation 2026

Coventry City Council

This public procurement record has 2 releases in its history.

Award

25 Aug 2026 at 17:17

UK6 - Contract Award Notice
Tender

23 Jun 2026 at 16:04

UK4 - Tender Notice
Summary of the contracting process

Coventry City Council appointed an external accredited service provider to carry out annual asset valuations of property recorded in the Council’s Asset Register. The valuations support incorporation of property values into the Council’s annual balance sheet and financial reporting. This is a professional property valuation and financial consultancy requirement, with related portfolio management, building consultancy and business management services. The work concerns Coventry City Council’s property assets and is delivered in Coventry, United Kingdom. It is relevant to firms providing accredited valuation services for public-sector property portfolios, particularly those able to produce valuation information suitable for formal financial reporting and maintain consistent annual asset-register assessments.

This completed open-procedure procurement had one lot and was evaluated equally on price and quality, each weighted at 50%. Seven bids reached the final stage, including three from SMEs. Lambert Smith Hampton Group Limited was selected on 25 August 2026. The award value is £308,375 excluding VAT and £370,050 including VAT. The award standstill period ends on 4 September 2026, with contract signature scheduled for 8 September 2026. The awarded contract period runs from 10 September 2026 to 9 September 2029, with one two-year extension option taking the expiry no later than 9 September 2031. The award remains pending completion of the standstill and signature arrangements.

This procurement demonstrates recurring demand from Coventry City Council for independently delivered, accredited property valuations that can support statutory financial reporting and the maintenance of a public asset register. A credible future competitor would need suitably accredited valuation professionals, robust methods for valuing varied council property assets, and the capacity to complete annual assessments consistently across the portfolio. Experience in public-sector valuation, property portfolio management, building consultancy and financial reporting would strengthen a supplier’s position. The equal weighting of price and quality indicates that a technically reliable service, clear evidence of quality and sound delivery arrangements matter alongside cost. The field attracted both larger firms and SME bidders, showing that relevant capability can be provided at different organisational scales.

How relevant is this notice?

Notice Information

Notice Title

COV - Corporate Property Annual Asset Valuation 2026

Notice Description

The Council is looking to appoint an external accredited service provider to provide annual asset valuations of property assets in the Coventry City Council's Asset Register for incorporation into the Council's annual balance sheet for financial reporting purposes.

Lot Information

Lot 1

Renewal: with an option to extend - 1x 2 years - no later than 31 August 2031

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06bb65
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/081031-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

71 - Architectural, construction, engineering and inspection services

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

CPV Codes

66140000 - Portfolio management services

66171000 - Financial consultancy services

71315210 - Building services consultancy services

79410000 - Business and management consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£308,375 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Aug 2026Yesterday
Submission Deadline
24 Jul 2026Expired
Future Notice Date
Not specified
Award Date
25 Aug 20262 days ago
Contract Period
10 Sep 2026 - 9 Sep 2029 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Pending
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Coventry 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
COVENTRY
Postcode
CV1 5RR
Postcode Area
Coventry
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG33 Coventry
Delivery Location
TLG33 Coventry
Local Authority
Coventry
Electoral Ward
St Michael's
Westminster Constituency
Coventry South

Supplier Information

Number of Suppliers
1
Supplier Name

Lambert Smith Hampton Group Limited

Further Information

Notice Documents

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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