--- title: "RUG - Property Asset Valuations (Further Competition RM6168) - AWARD" ocid: "ocds-b5fd17-5cfff1be-b9d3-4992-85c3-308d05e17e3e" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-5cfff1be-b9d3-4992-85c3-308d05e17e3e" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-5cfff1be-b9d3-4992-85c3-308d05e17e3e.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-5cfff1be-b9d3-4992-85c3-308d05e17e3e.json" source: "Contracts Finder" current_stage: "Award" buyer: "RUGBY BC (RUG)" published: "2024-11-08" --- # RUG - Property Asset Valuations (Further Competition RM6168) - AWARD Buyer: RUGBY BC (RUG) Current stage: Award OCID: ocds-b5fd17-5cfff1be-b9d3-4992-85c3-308d05e17e3e [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-5cfff1be-b9d3-4992-85c3-308d05e17e3e) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-5cfff1be-b9d3-4992-85c3-308d05e17e3e.json) ## Summary Rugby Borough Council has concluded the procurement process for a contract to provide property asset valuations for their diverse portfolio of assets. The contract, titled "RUG - Property Asset Valuations (Further Competition RM6168) - AWARD," falls under the building surveying services industry (CPV: 71315300) with Rugby BC (RUG) as the buying organisation. The contract aims to cover valuation periods for financial years 2023/24, 2024/25, and 2025/26, with an option for two one-year extensions. The procurement method used was 'Other.' The key dates include a tender period that ended on 10 November 2023, and the contract period is set to commence on 1 January 2024 and conclude on 31 December 2026. The award date was 20 May 2024, and the total contract value is £187,500. The supplier awarded for this contract is Bruton Knowles. This tender presents significant business growth opportunities for firms specialising in building surveying services, particularly those capable of handling large-scale property portfolios, including residential and commercial assets. Given the nature of the service, SMEs and VCSEs had suitability options for this contract, though the suitability status in the final update indicated a categorisation excluding these entities as viable competitors under general suitability. Firms experienced in following IFRS16 accounting standards and capable of delivering accurate property valuations can expect to enhance their portfolio through consistent, long-term contracts associated with public sector projects. This contract not only provides financial gains but also strengthens the business reputation by associating with a reputable entity like Rugby Borough Council. ## Notice Rugby Borough Council (the Council) is seeking a contract to provide property valuations for all of the Council's property assets for up to three valuation periods for Financial Years 2023/24, 2024/25 and 2025/26, with the option for 2 one year extensions. The Council currently has circa 125 property assets (including offices, car parks, allotments, cemeteries, Parks, and investment properties) plus 3,700 Houses and Flats held as part of the Housing Revenue account (HRA) which due to accounting and audit requirements must be valued for the authority's Annual Statement of Accounts to ensure the carrying amount in the accounts is not materially different from their current value. This will include assets where the Council has a 'right of use' but does not own the asset, as per the IFRS16 accounting standard. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/6e38ceec-2a34-4b88-86eb-6db2bf3a1ede | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Other - | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Award | ## Dates | Field | Value | | --- | --- | | Publication date | 8 Nov 2024 | | Submission deadline | 10 Nov 2023 | | Future notice date | Not specified | | Award date | 19 May 2024 | | Contract period | 1 Jan 2024 - 31 Dec 2026 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | £187,500 | | 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 | RUGBY BC (RUG) | | Locality | RUGBY | | Post town | Coventry | | Postcode | CV21 2RR | | Country | England | | ITL 1 | TLG West Midlands (England) | | ITL 2 | TLG1 Herefordshire, Worcestershire and Warwickshire | | ITL 3 | TLG13 Warwickshire CC | | Local authority | Rugby | | Electoral ward | Benn | | Westminster constituency | Rugby | | Delivery location | Not specified | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | BRUTON KNOWLES | ## CPV Codes ### Divisions - 71 - Architectural, construction, engineering and inspection services ### Codes - 71315300 - Building surveying services ## Release History - 8 Nov 2024 at 18:38 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/6e38ceec-2a34-4b88-86eb-6db2bf3a1ede - 8 Nov 2024 at 18:37 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/6e38ceec-2a34-4b88-86eb-6db2bf3a1ede - 8 Nov 2024 at 18:35 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/6e38ceec-2a34-4b88-86eb-6db2bf3a1ede ## Documents - https://www.contractsfinder.service.gov.uk/Notice/6e38ceec-2a34-4b88-86eb-6db2bf3a1ede 8th November 2024 - 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-b5fd17-5cfff1be-b9d3-4992-85c3-308d05e17e3e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-5cfff1be-b9d3-4992-85c3-308d05e17e3e.json.