---
title: "TD1244 - Commercial & Residential Asset Valuations"
ocid: "ocds-b5fd17-299bb024-5f92-45a5-a481-3bda72f1dd82"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-299bb024-5f92-45a5-a481-3bda72f1dd82"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-299bb024-5f92-45a5-a481-3bda72f1dd82.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-299bb024-5f92-45a5-a481-3bda72f1dd82.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DERBY CITY COUNCIL"
published: "2017-10-06"
---

# TD1244 - Commercial & Residential Asset Valuations

Buyer: DERBY CITY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-299bb024-5f92-45a5-a481-3bda72f1dd82

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-299bb024-5f92-45a5-a481-3bda72f1dd82)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-299bb024-5f92-45a5-a481-3bda72f1dd82.json)

## Summary

Derby City Council has conducted a procurement process titled "TD1244 - Commercial & Residential Asset Valuations" under the Eastern Shires Purchasing Organisation (ESPO) Framework. This contract, classified under real estate services, mandates asset valuations for both commercial and residential properties in Derby, East Midlands, UK. The initial contract period is set for three years, starting from 18 September 2017, with an option for a two-year extension based on satisfactory performance. The total value of the contract is £500,000, and the procurement process involved a further competition method with the tender period concluding on 4 August 2017.

This contract presents substantial opportunities for businesses specialising in asset valuations and estate management consultancy. Companies with expertise in real estate services, particularly those familiar with local government contracts, would be well-positioned to compete for this tender. Given the rolling nature of the asset valuation programme, firms can leverage their skills to provide ongoing support for annual and periodic assessments of Derby City Council’s portfolio.

## Notice

Derby City Council (The Council) is running a further competition exercise under the Eastern Shires Purchasing Organisation (ESPO) Framework, 2700 Estate Management Consultancy Services Lot 1a-Fixed Asset Valuation. The Council require Asset Valuations to be undertaken for both the Commercial and the Residential Portfolios. The core of the Council's Asset Valuation Programme consists of a 5 year rolling programme, whereby approximately 20% of the stock is valued each year. In addition, annual valuations are to be undertaken for all the housing stock, investment, surplus properties and properties held for sale (IFRS 13). Further valuations are also undertaken on properties whereby substantial capital expenditure has been incurred during the financial year. The initial contract period is for three years;There will be an option to extend the contract for 2 years in 1 year increments, subject to satisfactory performance and business needs.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/ac15df73-3652-45d2-8549-38c8b8847adf |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - FURTHER COMPETITION |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 6 Oct 2017 |
| Submission deadline | 4 Aug 2017 |
| Future notice date | Not specified |
| Award date | 7 Sep 2017 |
| Contract period | 17 Sep 2017 - 17 Sep 2020 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £500,000 |
| Lots value | Not specified |
| Awards value | £500,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | DERBY CITY COUNCIL |
| Locality | DERBY |
| Post town | Derby |
| Postcode | DE1 2FS |
| Country | England |
| ITL 1 | TLF East Midlands (England) |
| ITL 2 | TLF1 Derbyshire and Nottinghamshire |
| ITL 3 | TLF11 Derby |
| Local authority | Derby |
| Electoral ward | Darley |
| Westminster constituency | Derby South |
| Delivery location | TLF East Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | VALUATION OFFICE AGENCY |

## CPV Codes

### Divisions

- 70 - Real estate services

### Codes

- 70000000 - Real estate services

## Release History

- 6 Oct 2017 at 09:16 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/ac15df73-3652-45d2-8549-38c8b8847adf

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/ac15df73-3652-45d2-8549-38c8b8847adf
  6th October 2017 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-299bb024-5f92-45a5-a481-3bda72f1dd82. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-299bb024-5f92-45a5-a481-3bda72f1dd82.json.