--- title: "GBC PT Leasehold Enfranchisement and Shared Ownership Valuation" ocid: "ocds-b5fd17-67f82c64-d29f-4104-b079-fc6211b58cb5" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-67f82c64-d29f-4104-b079-fc6211b58cb5" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-67f82c64-d29f-4104-b079-fc6211b58cb5.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-67f82c64-d29f-4104-b079-fc6211b58cb5.json" source: "Contracts Finder" current_stage: "Tender" buyer: "GUILDFORD BOROUGH COUNCIL" published: "2017-12-29" --- # GBC PT Leasehold Enfranchisement and Shared Ownership Valuation Buyer: GUILDFORD BOROUGH COUNCIL Current stage: Tender OCID: ocds-b5fd17-67f82c64-d29f-4104-b079-fc6211b58cb5 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-67f82c64-d29f-4104-b079-fc6211b58cb5) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-67f82c64-d29f-4104-b079-fc6211b58cb5.json) ## Summary The Guildford Borough Council is seeking tenders for the project titled "GBC PT Leasehold Enfranchisement and Shared Ownership Valuation" within the real estate services industry. The tender, which follows an open procurement method, is currently active and has a deadline for submissions on 29th January 2018. The contract period will commence on 1st April 2018 and extend until 31st March 2021, with a potential extension for an additional two years. The successful bidder will be responsible for valuing around 230 shared ownership dwellings and providing yearly valuations for lease extensions. This tender presents opportunities for business growth particularly for small and medium-sized enterprises (SMEs) specialising in property valuation and real estate consulting. Companies with experience in leasehold enfranchisement legislation and adherence to the RICS Code of Practice would be well-positioned to compete. Given the clear requirements outlined by the Council, there is scope for businesses that can demonstrate their capability to deliver accurate and compliant valuation services for social housing. The estimated contract value of £100,000 further underscores its significance in the local market. ## Notice Guildford Borough Council (the "Council") has a statutory duty to ensure that the value of the Council's property assets reflect Current Value for operational properties or Fair Value for investment property and surplus property assets, and that each property asset is valued at least once every five years. This Invitation to Tender invites organisations to tender for a three-year contract with the option to extend for one plus one further year to carry out valuations of Leasehold and Shared Ownership properties with regards to lease extensions. The tenderer's proposed methodology for each element of the services described in this Brief must be compliant with the legislation and the RICS Code of Practice relating to valuations for leasehold enfranchisement and equity sharing of social housing. The Council seeks to appoint a single organisation with adequate resources and a proven record of accomplishment to undertake this contract to help ensure greater certainty and accuracy within the Council's balance sheet that is robust to Auditor scrutiny. The contract will comprise the valuation of around 230 dwellings held under shared ownership with an unexpired leasehold term of less than 80 years, and around 250 dwellings held under a long lease since 1980. A valuation is required each time the leaseholder puts in a request to extend their lease. There is the potential for each year the Contractor may be required to provide a valuation service for up to 10 to 15 per year. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/c79985ca-831c-439f-9be6-c834a59e0f90 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (below threshold) | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 29 Dec 2017 | | Submission deadline | 29 Jan 2018 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 31 Mar 2018 - 31 Mar 2021 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £100,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | GUILDFORD BOROUGH COUNCIL | | Locality | GUILDFORD | | Post town | Guildford | | Postcode | GU2 4BB | | Country | England | | ITL 1 | TLJ South East (England) | | ITL 2 | TLJ2 Surrey, East and West Sussex | | ITL 3 | TLJ25 West Surrey | | Local authority | Guildford | | Electoral ward | St Nicolas | | Westminster constituency | Guildford | | Delivery location | TLJ South East (England) | ## CPV Codes ### Divisions - 70 - Real estate services ### Codes - 70000000 - Real estate services ## Release History - 29 Dec 2017 at 11:44 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/c79985ca-831c-439f-9be6-c834a59e0f90 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/c79985ca-831c-439f-9be6-c834a59e0f90 29th December 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-b5fd17-67f82c64-d29f-4104-b079-fc6211b58cb5. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-67f82c64-d29f-4104-b079-fc6211b58cb5.json.