---
title: "ITT for Provision of Asset and Insurance Valuation Services - AWARD"
ocid: "ocds-b5fd17-499d335d-adca-11e6-9901-0019b9f3037b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-499d335d-adca-11e6-9901-0019b9f3037b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-499d335d-adca-11e6-9901-0019b9f3037b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-499d335d-adca-11e6-9901-0019b9f3037b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "SANDWELL METROPOLITAN BOROUGH COUNCIL"
published: "2016-11-18"
---

# ITT for Provision of Asset and Insurance Valuation Services - AWARD

Buyer: SANDWELL METROPOLITAN BOROUGH COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-499d335d-adca-11e6-9901-0019b9f3037b

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## Summary

The procurement process involves Sandwell Metropolitan Borough Council, which is located in the West Midlands, England. The contract, titled "ITT for Provision of Asset and Insurance Valuation Services - AWARD," focuses on the provision of financial and insurance services for the council and the West Midlands Fire Service. The procurement method was an open procedure, and the award was finalised on 29 September 2016, following the completion of the tender phase that ended on 31 July 2016. The contract period commenced on 5 September 2016 and is set for an initial five-year term, with an option for a one-year extension, with an overall contract value of £216,000.

This tender represents significant business opportunities for firms specialising in asset and insurance valuation services, particularly those with experience in public sector contracts. Companies that can efficiently manage and deliver financial services, risk management, and insurance strategies are well-suited to compete. The tender is aimed at qualified service providers capable of fulfilling the requirements of both Sandwell MBC and the West Midlands Fire Service, potentially allowing smaller businesses to grow by forming partnerships or providing specialised services under this contract.

## Notice

ITT for Provision of Asset and Insurance Valuation Services The Council invited interested parties ("Tenderers") to participate in a tender exercise to establish a single Contract for the Provision of Asset and Insurance Valuation Services. The qualified and experienced provider of Asset and Insurance Valuation Services is required to provide the services described below and in the Tender Specification. These services will be carried out on behalf of both Sandwell MBC and the West Midlands Fire Service. Sandwell Council is a Metropolitan Borough Council situated in the West Midlands and lies approximately six miles west of Birmingham. The Borough comprises the areas of Oldbury, Rowley Regis, Smethwick, Tipton, Wednesbury and West Bromwich. The West Midlands Fire Service operates throughout the West Midlands County covering the Metropolitan Districts of Sandwell, Dudley, Walsall and Solihull as well as the cities of Birmingham, Wolverhampton and Coventry. The Strategic Asset Management service of the Council, on behalf of Strategic Finance, Risk & Insurance Services and the West Midlands Fire Service will issue instructions for work, monitor and manage the contract with the appointed tenderer. The Council procured an Asset Valuation and Insurance Valuation service together potentially with additional associated hourly rate based work incidental to the Council's main requirements to be provided under a single contract on behalf of Sandwell MBC and the West Midlands Fire Service. Term The Council entered into a Contract Agreement for an initial term of five (5) years with a possible extension of a further year, subject to satisfactory performance.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/4049b3d1-e41d-492b-ad76-f2234ecb3aad |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Nov 2016 |
| Submission deadline | 31 Jul 2016 |
| Future notice date | Not specified |
| Award date | 28 Sep 2016 |
| Contract period | 4 Sep 2016 - 4 Sep 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £216,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| 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 | SANDWELL METROPOLITAN BOROUGH COUNCIL |
| Locality | WEST MIDLANDS |
| Post town | Birmingham |
| Postcode | B69 3DB |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG37 Sandwell |
| Local authority | Sandwell |
| Electoral ward | Oldbury |
| Westminster constituency | West Bromwich |
| Delivery location | TLG West Midlands (England) |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services
- 66510000 - Insurance services
- 66513000 - Legal insurance and all-risk insurance services
- 66517300 - Risk management insurance services

## Release History

- 18 Nov 2016 at 20:17 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/4049b3d1-e41d-492b-ad76-f2234ecb3aad

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/4049b3d1-e41d-492b-ad76-f2234ecb3aad
  10th October 2016 - 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-b5fd17-499d335d-adca-11e6-9901-0019b9f3037b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-499d335d-adca-11e6-9901-0019b9f3037b.json.