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Scottish Enterprise Portfolio Asset Valuation Services

Scottish Enterprise

This public procurement record has 2 releases in its history.

Award

19 Aug 2019 at 01:00

OJEU - F3 - Contract Award Notice
Tender

10 May 2019 at 01:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The procurement process for the "Scottish Enterprise Portfolio Asset Valuation Services" was initiated by Scottish Enterprise, located at Atrium Court, 50 Waterloo Street, Glasgow. This contract falls under the services sector, with a total value of £220,000 and an open procurement method. The contract was awarded to Montagu Evans LLP and is scheduled to commence on 1st August 2019, running for a duration of three years with an option for a 12-month extension. The initial tender period closed on 17th June 2019.

This tender creates valuable opportunities for businesses, particularly those specialising in asset valuation, surveying, and property management. The requirement that bidders must be current members of the Royal Institute of Chartered Surveyors (RICS) indicates that firms with established expertise and a strong track record in valuation services will have a competitive advantage. Companies looking to expand in the public sector, especially those focused on economic affairs in Scotland, should consider similar contracts as a pathway to growth and broader influence in public procurement.

How relevant is this notice?

Notice Information

Notice Title

Scottish Enterprise Portfolio Asset Valuation Services

Notice Description

Please note that this is a contract award notice and not a contract opportunity. The contract has been awarded. Scottish Enterprise wishes to engage the services of a suitably qualified and experienced firm of Chartered Surveyors to undertake the Asset Revaluation of its Property Portfolio. The appointed firm must be current members of the Royal Institute of Chartered Surveyors (RICS). The valuation of the land and property assets by the successful supplier is required to ensure that the value of the property assets of SE are properly represented in their financial accounts, and is to be carried out in accordance with RICS Appraisal and Valuation Standards. It is envisaged that this contract will commence on the 1st of August 2019 for a period of 3 years, with the option to extend for a further 12 month period.

Lot Information

Lot 1

Please note that this is a contract award notice and not a contract opportunity. The contract has been awarded. Scottish Enterprise wishes to engage the services of a suitably qualified and experienced firm of Chartered Surveyors to undertake the Asset Revaluation of its Property Portfolio. The appointed firm must be current members of the Royal Institute of Chartered Surveyors (RICS). The valuation of the land and property assets by the successful supplier is required to ensure that the value of the property assets of SE are properly represented in their financial accounts, and is to be carried out in accordance with RICS Appraisal and Valuation Standards. It is envisaged that this contract will commence on the 1st of August 2019 for a period of 3 years, with the option to extend for a further 12 month period.

Renewal: This contract will be for a duration of 3 years, with Scottish Enterprise having the option to extend the contract for a further period of 12 months.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000582980
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=AUG363856
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
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70330000 - Property management services of real estate on a fee or contract basis

70332200 - Commercial property management services

Notice Value(s)

Tender Value
£220,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£220,000 £100K-£500K

Notice Dates

Publication Date
19 Aug 20197 years ago
Submission Deadline
17 Jun 2019Expired
Future Notice Date
Not specified
Award Date
30 Jul 20197 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Scottish Enterprise
Additional Buyers

Scottish Government

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EDINBURGH
Postcode
G2 6HQ
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
Not specified
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

Montagu Evans LLP

Further Information

Notice Documents

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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