Award

Independent Property Valuer Consultancy

GLASGOW CITY COUNCIL

This public procurement record has 1 release in its history.

Summary of the contracting process

The Glasgow City Council has awarded the contract for "Independent Property Valuer Consultancy" to Avison Young (UK) Limited. The procurement process, classified under services, was carried out through a selective method with a restricted procedure. The contract, valued at GBP 415,800.0, was signed on March 10, 2023. The tender aimed to appoint professional valuers for the Strathclyde Pension Fund's UK property portfolio based in Glasgow.

This tender presents business growth opportunities for large-scale property valuation consultancy firms with experience in managing diverse property sectors. Companies with expertise in performance measurement, monitoring, and valuation for industrial, office, retail, and other property types are well-suited to compete. The procurement stage has reached the award phase, with Avison Young (UK) Limited being the successful supplier contracted by Glasgow City Council, marking a significant milestone in the council's property management strategy.

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Notice Title

Independent Property Valuer Consultancy

Notice Description

Glasgow City Council invites bids for SPF Property Valuer Consultancy under the Crown Commercial Services (CCS) framework agreement for Estates Management Services (Framework contract reference RM6818).

Lot Information

Lot 1

Strathclyde Pension Fund investment strategy allocates 10% of total assets to UK property. The UK property portfolio is managed by DTZ Investors, has a current value of GBP 2,588m and comprises 55 individual properties covering the spectrum of industrial, office, retail and other sectors. Regular valuation of the property portfolio is required for performance measurement, monitoring, accounting and insurance purposes. The Fund's established practice is to appoint a professional firm of independent valuers with relevant skills and experience, and sufficient resources, to support the Council in its role as administering authority for the Strathclyde Pension Fund.

Options: The council reserves the right to source additional services from the awarded Supplier.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000728987
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR476162
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£415,800 £100K-£500K

Notice Dates

Publication Date
13 Apr 20232 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
10 Mar 20232 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
GLASGOW CITY COUNCIL
Contact Name
Not specified
Contact Email
karen.quinn2@glasgow.gov.uk
Contact Phone
+44 1412872000

Buyer Location

Locality
GLASGOW
Postcode
G2 1DU
Post Town
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
TLM82 Glasgow City

Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North East

Supplier Information

Number of Suppliers
1
Supplier Name

AVISON YOUNG (UK

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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