---
title: "Provision of Asset Valuation Services"
ocid: "ocds-b5fd17-30d2b275-adca-11e6-9901-0019b9f3037b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-30d2b275-adca-11e6-9901-0019b9f3037b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-30d2b275-adca-11e6-9901-0019b9f3037b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-30d2b275-adca-11e6-9901-0019b9f3037b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "WYRE FOREST DISTRICT COUNCIL"
published: "2017-01-20"
---

# Provision of Asset Valuation Services

Buyer: WYRE FOREST DISTRICT COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-30d2b275-adca-11e6-9901-0019b9f3037b

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## Summary

Wyre Forest District Council is seeking to appoint a contractor for the "Provision of Asset Valuation Services" within the real estate agency services sector. The procurement process is currently at the Award stage, having been published on 16th September 2016. The contract, with a total value of £60,000, is intended to commence on 1st November 2016, lasting initially for two years with an option for a two-year extension until 31st October 2020. Interested parties were required to submit their tenders by 2pm on 10th October 2016. Services will be delivered primarily in the West Midlands of England.

This tender presents a valuable opportunity for businesses specialising in asset valuation and property consultancy services, particularly small and medium-sized enterprises (SMEs) that can meet the requirements outlined in the Chartered Institute of Public Finance and Accountancy (CIPFA) guidelines and International Financial Reporting Standards (IFRS). Businesses equipped with the expertise to conduct asset valuations following the RICS Red Book standards, and those familiar with local authority accounting, will be well-positioned to compete for this contract, which includes both initial physical inspections and ongoing valuation assessments.

## Notice

Wyre Forest District Council wishes to appoint a Contractor for the provision of asset valuation services prepared in accordance with the Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Practice on Local Authority Accounting in the UK ('The Code'), International Financial Reporting Standards (IFRS) and RICS Red Book. The Council is proposing an initial 2 year contract with the option to extend for 2 years, commencing with the asset valuations required for the Financial Year 2016/17. Valuation of the Asset Classes on the attached Schedule (Appendix C) at 1st April each year in accordance with the relevant valuation basis as determined by the CIPFA Accounting Code of Practice, IFRS and the RICS Red Book having regard to the Council's Accounts Close Down Timetable (subject to annual revision to take into account any changes, eg. earlier statutory closedown of the Accounts). The Council's assets are valued on a 5-year Rolling Programme, although some assets may require valuing more frequently. The attached (Appendix C) is the current 5 Year Rolling Programme, giving an indication of the properties due to be valued, although it is subject to change at any point with the addition and disposal of assets. Most assets will require initial physical inspection, although a sampling approach may be utilised as appropriate, for example car parks valued on an income basis. The deadline for submissions is 2pm, Monday 10th October 2016. The Council is using the e-procurement portal known as the Due North Pro-Contract portal https://procontract.due-north.com to conduct this procurement exercise. To gain access to the Invitation to Tender document, please visit the above website. Tenderers will need to electronically submit an expression of interest and an electronic copy of the ITT will be sent as an attachment. If you have any problems or queries gaining access to the Pro-Contract portal please contact The Service desk on 01670 597136 who are available between the hours of 08:30 and 17:30 Monday to Friday (excluding UK Public Holidays). Additional information: The Council is using the e-procurement portal known as the Due North Pro-Contract portal https://procontract.due-north.com to conduct this procurement exercise. To gain access to the Invitation to Tender document, please visit the above website. Tenderers will need to electronically submit an expression of interest and an electronic copy of the ITT will be sent as an attachment. If you have any problems or queries gaining access to the Pro-Contract portal please contact The Service desk on 01670 597136 who are available between the hours of 08:30 and 17:30 Monday to Friday (excluding UK Public Holidays).

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/698dbceb-4a7d-4e5d-b870-1304af55eb13 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 20 Jan 2017 |
| Submission deadline | 10 Oct 2016 |
| Future notice date | Not specified |
| Award date | 10 Nov 2016 |
| Contract period | 22 Dec 2016 - 21 Dec 2018 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £60,000 |
| Lots value | Not specified |
| Awards value | £10,000 |
| 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 | WYRE FOREST DISTRICT COUNCIL |
| Locality | KIDDERMINSTER |
| Post town | Dudley |
| Postcode | DY11 7WF |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG1 Herefordshire, Worcestershire and Warwickshire |
| ITL 3 | TLG12 Worcestershire CC |
| Local authority | Wyre Forest |
| Electoral ward | Mitton |
| Westminster constituency | Wyre Forest |
| Delivery location | TLG West Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BRUTON KNOWLES |

## CPV Codes

### Divisions

- 70 - Real estate services

### Codes

- 70300000 - Real estate agency services on a fee or contract basis

## Release History

- 20 Jan 2017 at 14:19 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/698dbceb-4a7d-4e5d-b870-1304af55eb13
- 18 Nov 2016 at 20:16 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/bdafc866-5439-47eb-9bc3-8a587bac14b0

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/698dbceb-4a7d-4e5d-b870-1304af55eb13
  20th January 2017 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/bdafc866-5439-47eb-9bc3-8a587bac14b0
  16th September 2016 - Opportunity notice on Contracts Finder
- https://procontract.due-north.com
  Pro-Contract Due North

## 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-b5fd17-30d2b275-adca-11e6-9901-0019b9f3037b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-30d2b275-adca-11e6-9901-0019b9f3037b.json.