Planning

Valuer services and Surveyor Services

DEVELOPMENT BANK OF WALES

This public procurement record has 1 release in its history.

Planning

30 Jan 2025 at 14:12

S2W Notice - Website Prior Information Notice
Summary of the contracting process

The Development Bank of Wales has initiated the planning stage for a tender titled "Valuer Services and Surveyor Services," focusing on the services industry category. The contracting authority aims to support property developers and investors in Wales through secured lending products. The procurement process is in the planning stage and will involve a detailed due diligence procedure. The Development Bank of Wales, wholly owned by the Welsh Government, is located in Wrexham, Wales, and operates across multiple offices in Wales, with a significant impact on the Welsh economy, having supported thousands of businesses and jobs.

This tender represents a significant opportunity for professional valuation and surveying firms capable of providing independent, professional valuation and feasibility reports following RICS global standards. Businesses that are well-suited to compete for this contract should have multiple partners/directors, hold the necessary qualifications and experience, and maintain adequate professional indemnity insurance. Engaging in this tender can lead to long-term collaboration and growth opportunities within the property development sector in Wales.

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Notice Information

Notice Title

Valuer services and Surveyor Services

Notice Description

Valuer GuidanceOverviewThe Development Bank of Wales ("DBW") provides a range of secured lending products that support thefunding needs of property developers and investors in Wales; e.g. to help purchase, enhance and developproperties.A key part of DBW's due diligence for each deal is an independent, professional valuation of the propertiesconcerned. The related valuation report must comply with the prevailing RICS global standards and beundertaken by a professional valuation firm that:1. Comprises multiple partners/directors;2. Holds the requisite qualifications and experience to comply with RICS standards in undertakingthe instruction;3. Maintains a sufficient level of professional indemnity insurance that satisfies both the minimumrequirements of their professional body and DBW's specific requirements in respect of anyindividual deal; and4. Satisfies DBW's mandatory exclusion questions set out in the Supplier Questionnaire, as updatedfrom time to timeFeasibility and Monitoring Surveyor GuidanceOverviewThe Development Bank of Wales ("DBW") provides a range of secured lending products that support thefunding needs of property developers in Wales.A key part of DBW's initial due diligence for each deal is an independent, professional feasibility reportassessing the key elements of the development project; advising whether these are deemed realistic andachievable. For deals that progress, DBW then requires ongoing, independent monitoring of the project(typically via monthly interim reports) to certify on-site expenditure and confirm whether the project costs,timescales, quality and compliance matters remain on track.All related reports must comply with the prevailing industry standards and be undertaken by aprofessional surveying firm that:1. Comprises multiple partners/directors;2. Holds the requisite qualifications and experience to undertake the instruction;3. Maintains a sufficient level of professional indemnity insurance that satisfies both the minimumrequirements of their professional body and DBW's specific requirements in respect of anyindividual deal; and4. Satisfies DBW's mandatory exclusion questions set out in the Supplier Questionnaire, as updatedfrom time to time.NOTE: To register your interest in this notice and obtain any additional information please visit the Sell2Wales Web Site at https://www.sell2wales.gov.wales/Search/Search_Switch.aspx?ID=147751.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-147751
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=147751
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
S2W Notice - Website Prior Information Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

71 - Architectural, construction, engineering and inspection services

CPV Codes

71530000 - Construction consultancy services

Notice Value(s)

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

Notice Dates

Publication Date
30 Jan 20251 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEVELOPMENT BANK OF WALES
Contact Name
Leanne marcelle Millard
Contact Email
Not specified
Contact Phone
Not specified

Buyer Location

Locality
WREXHAM
Postcode
LL1 37Y
Post Town
Not specified
Country
Not specified
Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
Not specified
Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

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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