Planning

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Real Estate Valuation & Development Software Solution

The Mayor and Commonalty and Citizens of the City of London

This public procurement record has 1 release in its history.

Planning

10 Sep 2026 at 16:22

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The City of London Corporation intends to procure a real estate valuation and development software solution for its City Surveyor’s Department Investment Property Group. The software will support portfolio valuations, cash flow forecasting and development appraisals, and is critical to the group’s work as a fund manager. The group manages approximately 270 investment estate properties and uses asset management strategies to maximise rental income and support the portfolio’s long-term performance. This is an industry-specific software package, covering property investment and development analysis rather than construction or general business software. The work will support the City of London Corporation’s investment property activities in the City of London. The procurement is classified as goods because it concerns the supply of software.

This procurement is at the planning stage: the buyer has stated an intention to procure and has not issued an invitation to tender. The buyer is conducting preliminary market engagement, with responses expected by 24 September 2026; suppliers must register on the City of London Corporation Sourcing & Contracts Portal to participate. The buyer’s expected contract period is 16 January 2027 to 15 January 2030. The procurement is above the applicable threshold and is divided into one lot. The lot is marked as suitable for small and medium-sized enterprises. The procurement record does not set out an estimated contract value, award criteria or a procurement method. The engagement should help shape the buyer’s understanding before the future tender.

This will suit suppliers that develop, implement or support specialist real estate software for investment property portfolios. Relevant capability includes property valuation modelling, cash flow forecasting, development appraisal and the handling of portfolio-level asset management information. Suppliers should be able to support a professional investment property team managing a substantial estate and using software to inform rental-income and long-term performance decisions. Experience with software used by fund managers, property investors, local authorities or comparable organisations would be relevant to preparing for the future procurement. The buyer has identified the existing solution as critical to its operations, so suppliers should be prepared to demonstrate dependable functionality and continuity for core valuation and forecasting activities. The lot is expressly suitable for SMEs, making this potentially relevant to specialist software businesses as well as larger providers.

How relevant is this notice?

Notice Information

Notice Title

Real Estate Valuation & Development Software Solution

Notice Description

The City Surveyor's Department Investment Property Group acts as a fund manager for approx. 270 investment estate properties with a value of circa PS4bn. The group sets asset management strategies to maximise rental income and develop the portfolio to deliver long-term performance. The group currently utilises a real estate valuation and development software solution for portfolio valuations, cash flow forecasting and development appraisals. The solution is critical to the City of London.

Planning Information

The Preliminary Market Engagement (PME) exercise has been published on the City of London Corporation Sourcing & Contracts Portal (https://cityoflondon.ukp.app.jaggaer.com/). Suppliers will need to register as a supplier on the portal to participate (if they are not currently registered).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06f752
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/086088-2026
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK2 - Preliminary Market Engagement Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

CPV Codes

48100000 - Industry specific software package

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 Sep 20265 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
16 Jan 2027 - 15 Jan 2030 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Planning
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
The Mayor and Commonalty and Citizens of the City of London
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CITY OF LONDON
Postcode
EC2P 2EJ
Postcode Area
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
Not specified
Local Authority
Islington
Electoral Ward
Clerkenwell
Westminster Constituency
Islington South and Finsbury

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...