Award

The Provision of Valuation Services to The Development Bank of Wales Group

DEVELOPMENT BANK OF WALES

This public procurement record has 3 releases in its history.

Award

21 Jun 2024 at 00:00

TenderUpdate

08 Feb 2024 at 00:00

Tender

22 Dec 2023 at 00:00

Summary of the contracting process

The Development Bank of Wales has completed a procurement process for the provision of valuation services. The tender was advertised via Sell2Wales under the Open Procedure of the Public Contracts Regulations 2015. The procurement involved appointing a RICs accredited panel for valuation services across Wales. The main procurement category was services, and the tender encompassed three geographical Lots covering different schemes. Key locations included West Wales, Mid and North Wales, and South East Wales. The tender had an open procedure, and there were specific criteria for suppliers to meet, such as being RICS accredited.

This tender by the Development Bank of Wales offers significant business growth opportunities for RICs accredited suppliers in the valuation services sector. Businesses well-suited to compete are those with experience in providing valuation services and understanding the specific requirements outlined in the invitation to tender. The tender's focus on Wales, particularly in the Help to Buy Wales Scheme, Help to Stay Wales, Leaseholder Support Scheme, and Self Build Wales Scheme, presents a niche market for suppliers interested in these sectors. The procurement process has created avenues for SMEs to participate and potentially secure contracts for providing services in these geographical Lots. Participation in this tender aligns with the Development Bank of Wales' aim to engage qualified and competent suppliers to support its operations.

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Notice Title

The Provision of Valuation Services to The Development Bank of Wales Group

Notice Description

Following publication of Prior Information Notice FTS-20230801 on 1st August 2023, DBW is carrying out a procurement advertised in Find a Tender Service (FTS), via Sell2Wales, under the Open Procedure of the Public Contracts Regulations 2015 to procure a RICs accredited panel for valuation services. Full details of the services is set out at Section 3 of the Invitation to Tender.

Lot Information

South East Wales

The purpose of this tender is to appoint a number of suitably qualified Suppliers to each of three (3) geographical Lots across Wales to provide services in relation to the Help to Buy Wales Scheme, the Help to Stay Wales, the Leaseholder Support Scheme and the Self Build Wales Scheme. DBW will appoint up to a maximum of four (4) suppliers to this lot which will be operated on a rota basis.

Renewal: The contract will be for an initial term of two (2) years with the option to extend for up to three extensions of twenty four (24) months each.

Mid and North Wales

The purpose of this tender is to appoint a number of suitably qualified Suppliers to each of three (3) geographical Lots across Wales to provide services in relation to the Help to Buy Wales Scheme, the Help to Stay Wales, the Leaseholder Support Scheme and the Self Build Wales Scheme. DBW will appoint up to a maximum of two (2) suppliers to this lot which will be operated on a rota basis.

Renewal: The contract will be for an initial term of two (2) years with the option to extend for a further three (3) extensions of twenty four (24) months each.

West Wales

The purpose of this tender is to appoint a number of suitably qualified Suppliers to each of three (3) geographical Lots across Wales to provide services in relation to the Help to Buy Wales Scheme, the Help to Stay Wales, the Leaseholder Support Scheme and the Self Build Wales Scheme. DBW will appoint up to a maximum of two (2) suppliers to this lot which will be operated on a rota basis.

Renewal: The contract will be for an initial term of two (2) years with the option to extend for up to three (3) extensions of twenty four (24) months each.

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-137594
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=137594
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70331000 - Residential property services

Notice Value(s)

Tender Value
£400,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£133,333 £100K-£500K

Notice Dates

Publication Date
21 Jun 20241 years ago
Submission Deadline
9 Feb 2024Expired
Future Notice Date
Not specified
Award Date
4 Apr 200520 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
DEVELOPMENT BANK OF WALES
Contact Name
Not specified
Contact Email
procurement@developmentbank.wales
Contact Phone
+44 2920338100

Buyer Location

Locality
CARDIFF
Postcode
CF10 4BZ
Post Town
Cardiff
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL52 Cardiff and Vale of Glamorgan
Delivery Location
TLL1 West Wales and The Valleys, TLL11 Isle of Anglesey, TLL12 Gwynedd, TLL13 Conwy and Denbighshire, TLL17 Bridgend and Neath Port Talbot, TLL22 Cardiff and Vale of Glamorgan, TLL24 Powys

Local Authority
Cardiff
Electoral Ward
Butetown
Westminster Constituency
Cardiff South and Penarth

Supplier Information

Number of Suppliers
4
Supplier Names

ASTLEYS

BRINSONS

MICHAEL GRAHAM YOUNG

REES RICHARDS & PARTNERS

Further Information

Notice Documents

  • https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=DEC461655
    The Provision of Valuation Services to The Development Bank of Wales Group - Following publication of Prior Information Notice FTS-20230801 on 1st August 2023, DBW is carrying out a procurement advertised in Find a Tender Service (FTS), via Sell2Wales, under the Open Procedure of the Public Contracts Regulations 2015 to procure a RICs accredited panel for valuation services. Full details of the services is set out at Section 3 of the Invitation to Tender.
  • https://www.sell2wales.gov.wales/search/show/search_view.aspx?ID=JUN481917
    The Provision of Valuation Services to The Development Bank of Wales Group - Following publication of Prior Information Notice FTS-20230801 on 1st August 2023, DBW is carrying out a procurement advertised in Find a Tender Service (FTS), via Sell2Wales, under the Open Procedure of the Public Contracts Regulations 2015 to procure a RICs accredited panel for valuation services. Full details of the services is set out at Section 3 of the Invitation to Tender.

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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}