--- title: "Asset and Insurance Reinstatement Valuations plus associated work" ocid: "ocds-b5fd17-7ebfe568-47ae-4e3d-9f44-330c085f1da7" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-7ebfe568-47ae-4e3d-9f44-330c085f1da7" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-7ebfe568-47ae-4e3d-9f44-330c085f1da7.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-7ebfe568-47ae-4e3d-9f44-330c085f1da7.json" source: "Contracts Finder" current_stage: "Award" buyer: "HEREFORDSHIRE COUNCIL" published: "2018-01-03" --- # Asset and Insurance Reinstatement Valuations plus associated work Buyer: HEREFORDSHIRE COUNCIL Current stage: Award OCID: ocds-b5fd17-7ebfe568-47ae-4e3d-9f44-330c085f1da7 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-7ebfe568-47ae-4e3d-9f44-330c085f1da7) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-7ebfe568-47ae-4e3d-9f44-330c085f1da7.json) ## Summary Herefordshire Council is seeking to engage in a procurement process for “Asset and Insurance Reinstatement Valuations plus associated work.” This contract falls under the real estate services category and is based in the West Midlands, England. The tender was published on 1st December 2017 and is now complete, with an award date of 3rd January 2018. The contract period commenced on 8th January 2018 and will continue until 31st July 2018. The procurement was conducted through an open procedure, with a total contract value of £40,000. This tender presents an excellent opportunity for businesses specialising in real estate services, particularly those with capabilities in asset valuation and property management. Small and medium-sized enterprises (SMEs) may find this opportunity well-suited to their expertise, enabling them to compete effectively in a public procurement environment. Companies that can demonstrate technical competence in compliance with RICS and IFRS standards are encouraged to explore similar contracts to expand their operations and gain valuable public sector experience. ## Notice Herefordshire Council requires formal asset valuations for part of its property portfolio for inclusion in the Council's asset register and balance sheet by the end of this financial year. This needs to be undertaken in accordance with guidance produced by the RICS (Royal Institution of Chartered Surveyors) and the International Financial Reporting Standards (IFRS) - Code of Practice on Local Authority Accounting (the Code) published by CIPFA (Chartered Institute of Public Finance and Accountancy). Valuations are required for all investment assets, assets held for sale, surplus assets, assets changing asset class, assets substantially improved or impaired in addition to those timetabled as part of a 5 year rolling programme. A "market forces review" on a regional sector basis is required as a validation check to provide assurance that there has been no significant change in the value for those assets that have not been revalued this year. In addition a review is required of those assets included on the list to be valued this year to verify whether there has been a significant chance in value between the valuation date Additional information: Herefordshire Council has published this opportunity on the 'Supplying the Southwest Portal'. To view the tender documentation related to this opportunity you will need to register on the portal, if you are not already register with Procontract, and express an interest in the opportunity. To Register with Supplying the Southwest Portal (Procontract) click on the link below or copy and paste the link into your browser address bar; https://www.supplyingthesouthwest.org.uk ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/0152fe9e-8a3f-4223-a597-5bf5ef27e54d | | Notice type | Award Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (below threshold) | | Tender suitability | SME | | Awardee scale | Large | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 3 Jan 2018 | | Submission deadline | 15 Dec 2017 | | Future notice date | Not specified | | Award date | 3 Jan 2018 | | Contract period | 8 Jan 2018 - 31 Jul 2018 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £40,000 | | Lots value | Not specified | | Awards value | £27,566 | | 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 | HEREFORDSHIRE COUNCIL | | Locality | HEREFORD | | Post town | Hereford | | Postcode | HR4 0LE | | Country | England | | ITL 1 | TLG West Midlands (England) | | ITL 2 | TLG1 Herefordshire, Worcestershire and Warwickshire | | ITL 3 | TLG11 Herefordshire, County of | | Local authority | Herefordshire, County of | | Electoral ward | Widemarsh | | Westminster constituency | Hereford and South Herefordshire | | Delivery location | TLG West Midlands (England) | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | WILKS HEAD & EVE | ## CPV Codes ### Divisions - 70 - Real estate services ### Codes - 70000000 - Real estate services ## Release History - 3 Jan 2018 at 14:43 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/0152fe9e-8a3f-4223-a597-5bf5ef27e54d - 1 Dec 2017 at 15:27 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/74884201-dff3-458c-b930-ae55865be84e ## Documents - https://www.contractsfinder.service.gov.uk/Notice/0152fe9e-8a3f-4223-a597-5bf5ef27e54d 3rd January 2018 - Awarded contract notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/74884201-dff3-458c-b930-ae55865be84e 1st December 2017 - Opportunity notice on Contracts Finder ## Notice URLs - https://www.supplyingthesouthwest.org.uk ## 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-b5fd17-7ebfe568-47ae-4e3d-9f44-330c085f1da7. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-7ebfe568-47ae-4e3d-9f44-330c085f1da7.json.