---
title: "Assets Valuation invitation to quote"
ocid: "ocds-b5fd17-3fc795cf-5c68-49c4-b4c6-9ed03efad4b4"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-3fc795cf-5c68-49c4-b4c6-9ed03efad4b4"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-3fc795cf-5c68-49c4-b4c6-9ed03efad4b4.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-3fc795cf-5c68-49c4-b4c6-9ed03efad4b4.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "HARBOROUGH DISTRICT COUNCIL"
published: "2018-06-12"
---

# Assets Valuation invitation to quote

Buyer: HARBOROUGH DISTRICT COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-3fc795cf-5c68-49c4-b4c6-9ed03efad4b4

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## Summary

Harborough District Council is inviting tenders for the "Assets Valuation invitation to quote" to procure valuation services related to its General Fund Assets, crucial for its capital accounting. The procurement process is currently in the award stage, with a total contract value of £9,860 for the awarded supplier, Wilks Head. The tender was published on 9 November 2017, and the tender period ended on 8 December 2017. The contract duration extends from 1 January 2018 to 31 December 2022, addressing the needs in the real estate services category, specifically in the East Midlands region of the United Kingdom.

This opportunity can significantly benefit businesses engaged in property valuation and related services, especially those qualified to comply with RICS and CIPFA standards. Small and medium-sized enterprises (SMEs) that possess the necessary accreditation and experience in property valuations would find this tender particularly relevant. Participating in such tenders presents a valuable chance for growth by expanding client portfolios in local government contracts.

## Notice

Harborough District Council is procuring a suitable supplier to provide Portfolio Valuation services in respect of our General Fund Assets. Local Government capital accounting requires the value of the Council's property assets to be properly shown in the Statement of Accounts. Valuations for inclusion in the local authority accounts must be provided in accordance with the relevant sections and standards contained within the current edition of the RICS Valuation - Professional Standards, incorporating the International Valuation Standards Global and UK editions (the Red Book). Valuations must also comply with the Chartered Institute of Public Finance and Accountancy (CIPFA) current edition of the Code of Practice on Local Authority Accounting in the United Kingdom. Valuations must be undertaken by suitably qualified and accredited valuers. The Council is introducing a rolling valuation programme to encompass each asset within a 5 year period. A formal valuation will be required for each asset identified in the rolling programme, for the relevant year concerned. In addition, a desktop valuation exercise will be required, each year. This report would not comment on specific values, but rather comment on a sector basis, such as retail, office etc., to cover property types. With regards to the Depreciated Replacement Cost properties, the changes in build costs would be required. A "comfort" letter will also be required, dated 31 March, to confirm that no material factors have arisen since the 31 January valuation date that would cause a revision to the valuation advice provided in the 31 January valuation & desktop assessment reports. Additional information: To express an interest in this opportunity, please email: commissioning@harborough.gov.uk We will then send an invitation to register an interest via our e-tendering portal.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/3caf19e7-e309-4634-8c60-45704f5bf4ed |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - Invitation to quote |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 12 Jun 2018 |
| Submission deadline | 8 Dec 2017 |
| Future notice date | Not specified |
| Award date | 28 Feb 2018 |
| Contract period | 1 Mar 2018 - 27 Feb 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £25,000 |
| Lots value | Not specified |
| Awards value | £9,860 |
| 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 | HARBOROUGH DISTRICT COUNCIL |
| Locality | MARKET HARBOROUGH |
| Post town | Leicester |
| Postcode | LE16 7AG |
| Country | England |
| ITL 1 | TLF East Midlands (England) |
| ITL 2 | TLF2 Leicestershire, Rutland and Northamptonshire |
| ITL 3 | TLF22 Leicestershire CC and Rutland |
| Local authority | Harborough |
| Electoral ward | Market Harborough-Great Bowden & Arden |
| Westminster constituency | Harborough, Oadby and Wigston |
| Delivery location | TLF East Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | WILKS HEAD |

## CPV Codes

### Divisions

- 70 - Real estate services

### Codes

- 70000000 - Real estate services

## Release History

- 12 Jun 2018 at 14:49 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/3caf19e7-e309-4634-8c60-45704f5bf4ed
- 9 Nov 2017 at 16:59 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/27471b6b-31b8-467b-90e7-e65e6fc4e22a

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/3caf19e7-e309-4634-8c60-45704f5bf4ed
  12th June 2018 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/27471b6b-31b8-467b-90e7-e65e6fc4e22a
  9th November 2017 - Opportunity 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-b5fd17-3fc795cf-5c68-49c4-b4c6-9ed03efad4b4. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-3fc795cf-5c68-49c4-b4c6-9ed03efad4b4.json.