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COV - Corporate Property Annual Asset Valuation 2026

Coventry City Council

This public procurement record has 3 releases in its history.

Award

20 Oct 2026 at 09:50

UK7 - Contract Details Notice
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 provider to carry out annual valuations of property assets in the Council’s asset register. The valuations are used in the Council’s annual balance sheet and financial reporting. This is a property valuation and financial consultancy service, covering the Council’s property portfolio in Coventry. The work requires the supplier to value the assets each year, rather than supply or build property. The contract brings together portfolio management, financial consultancy and building-related expertise to support the Council’s asset valuation and reporting requirements.

The procurement is complete and the contract has been awarded to Lambert Smith Hampton Group Limited. The award was made on 25 August 2026, following an open procedure. Price and quality each carried equal weight in evaluation. The contract was signed on 19 October 2026 and runs from that date to 18 October 2029, with one two-year extension option, taking the latest possible expiry to 18 October 2031. The contract value is £308,375 excluding VAT (£370,050 including VAT). The requirement was tendered as a single lot. Seven bids reached the final stage of evaluation.

For suppliers competing for a future requirement of this kind, credibility will depend on the ability to deliver annual valuations across a local authority property portfolio and provide outputs suitable for incorporation into public-sector financial reporting. The Council sought an external accredited provider, so relevant valuation accreditation and demonstrable property valuation expertise would be central. A capable supplier would also need to manage a recurring programme of asset valuations, with the technical knowledge to assess varied property assets and the financial understanding to support accurate balance-sheet reporting. The award shows that Coventry City Council procured this as a combined service, evaluated equally on price and quality, and selected a large property and consultancy provider. The seven final-stage bids indicate competition from multiple suppliers, including smaller businesses.

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/098779-2026
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
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
£308,375 £100K-£500K

Notice Dates

Publication Date
20 Oct 20261 weeks ago
Submission Deadline
24 Jul 2026Expired
Future Notice Date
Not specified
Award Date
25 Aug 20262 months ago
Contract Period
19 Oct 2026 - 18 Oct 2029 3-4 years
Recurrence
Not specified

Notice Status

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

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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