Award

Independent Valuation of the OE, C&P and CCS/CCUS Portfolios

CROWN ESTATE SCOTLAND

This public procurement record has 2 releases in its history.

Summary of the contracting process

Crown Estate Scotland is looking for services to undertake the independent valuation of their Ocean Energy, Cables and Pipelines, and Carbon Capture and Storage portfolios. The procurement process is at the award stage, with a contract value of £48,000 signed on 14th December 2022. The buying organisation is located in Edinburgh, UK, and the industry category is services. The title of the tender is "Independent Valuation of the OE, C&P and CCS/CCUS Portfolios".

This tender by Crown Estate Scotland offers business opportunities for RICS qualified valuers to provide independent valuation services. Businesses in the property sector with expertise in RICS standards may find this tender well-suited for competing. The opportunity involves providing individual valuations for different portfolios and has the potential for contract extensions over the next few years.

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Notice Title

Independent Valuation of the OE, C&P and CCS/CCUS Portfolios

Notice Description

Crown Estate Scotland is seeking to appoint a RICS qualified valuer to undertake the annual Independent Valuation of the Crown Estate Scotland Ocean Energy (OE), Cables and Pipelines (C&P) and Carbon Capture and Storage (CCS/CCUS) Portfolios. These will be provided as individual, standalone valuations. The initial appointment will be for the FY2022/23 valuation, with the option to extend by three more years, one year at a time.

Lot Information

Lot 1

Valuation Basis: - The valuations are of the various property agreements (Option and Lease agreements) within each portfolio, not the underlying seabed/foreshore. - The valuations will be based on a review of relevant documentation and discussions with CES staff. - No site visits will be required. - The Valuation should be carried out in accordance with the latest edition of RICS Valuation - Global Standards ('Red Book Global Standards') which took effect on 31 January 2022. - We have adopted IFRS (International Financial Reporting Standards). The basis of value should therefore be fair value and IFRS 13 (as amended) will apply.

Options: The initial appointment will be for the FY2022/23 valuation, with the option to extend by three more years, one year at a time.

Renewal: The initial appointment will be for the FY2022/23 valuation, with the option to extend by three more years, one year at a time.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000708317
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC466964
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
PCS Notice - Website 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

65 - Public utilities

71 - Architectural, construction, engineering and inspection services

76 - Services related to the oil and gas industry


CPV Codes

65400000 - Other sources of energy supplies and distribution

71355000 - Surveying services

76520000 - Offshore services

Notice Value(s)

Tender Value
£52,000 Under £100K
Lots Value
£52,000 Under £100K
Awards Value
Not specified
Contracts Value
£48,000 Under £100K

Notice Dates

Publication Date
15 Dec 20223 years ago
Submission Deadline
28 Oct 2022Expired
Future Notice Date
Not specified
Award Date
14 Dec 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Depending on options to extend exercised may be published in either 12, 24, 36 or 48 months

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
CROWN ESTATE SCOTLAND
Contact Name
Maurice McTeague
Contact Email
maurice.mcteague@crownestatescotland.com
Contact Phone
+44 1314607657

Buyer Location

Locality
EDINBURGH
Postcode
EH3 9GL
Post Town
Edinburgh
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM Scotland

Local Authority
City of Edinburgh
Electoral Ward
City Centre
Westminster Constituency
Edinburgh East and Musselburgh

Supplier Information

Number of Suppliers
1
Supplier Name

POWIS HUGHES

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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