---
title: "INVITATION TO TENDER FOR THE PROVISION OF PROPERTY ASSET CONSULTANCY SERVICES"
ocid: "ocds-b5fd17-823a0ec1-5dd7-4535-a518-c9e2d2948549"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-823a0ec1-5dd7-4535-a518-c9e2d2948549"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-823a0ec1-5dd7-4535-a518-c9e2d2948549.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-823a0ec1-5dd7-4535-a518-c9e2d2948549.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BASINGSTOKE & DEANE BOROUGH COUNCIL"
published: "2023-05-02"
---

# INVITATION TO TENDER FOR THE PROVISION OF PROPERTY ASSET CONSULTANCY SERVICES

Buyer: BASINGSTOKE & DEANE BOROUGH COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-823a0ec1-5dd7-4535-a518-c9e2d2948549

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## Summary

The Basingstoke & Deane Borough Council has awarded a contract for the provision of property asset consultancy services to Montagu Evans LLP. The contract, with a value of GBP 505,675, commenced on April 3, 2023, and is set to end on April 2, 2026. The procurement process was carried out through an open procedure, with the tender period closing on February 8, 2023. The contract covers asset valuations for the council's commercial property investment portfolio and operational assets over a period of 3 years, with a possible extension for an additional year.

This tender provides an opportunity for businesses specialising in real estate services to engage with Basingstoke & Deane Borough Council. Companies that offer asset valuation consultancy services will find this opportunity well-suited to their expertise. The contract value of GBP 600,000, with a focus on property asset valuations, presents a lucrative opportunity for businesses in the real estate industry. Small and medium-sized enterprises (SMEs) are specifically highlighted as suitable for participating in this procurement process, indicating an inclusive approach to engaging a diverse range of businesses.

## Notice

Basingstoke and Deane Borough Council BDBC is seeking to procure asset Valuation Consultancy Services for asset valuations to be included in the Councils accounts and financial statements. BDBC has a significant commercial property investment portfolio, all of which is to be valued by external consultants on an annual basis. The operational portfolio is also to be valued within this contract with a third of the operational portfolio valued each year of the contract. The investment element of the portfolio in March 2022 in terms of asset valuation was valued at circa GBP 339m and the operational and car park portfolio was valued at circa GBP 57m. BDBC wishes to procure asset valuation consultancy services in connection with the annual valuation of its property investment portfolio for the next 3 years with an option to BDBC to extend for a further year.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/885faa0b-6826-4163-a175-17eecc6abd23 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 2 May 2023 |
| Submission deadline | 8 Feb 2023 |
| Future notice date | Not specified |
| Award date | 20 Mar 2023 |
| Contract period | 2 Apr 2023 - 2 Apr 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £600,000 |
| Lots value | Not specified |
| Awards value | £505,675 |
| 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 | BASINGSTOKE & DEANE BOROUGH COUNCIL |
| Locality | BASINGSTOKE |
| Post town | Reading |
| Postcode | RG21 4AH |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ3 Hampshire and Isle of Wight |
| ITL 3 | TLJ37 North Hampshire |
| Local authority | Basingstoke and Deane |
| Electoral ward | Eastrop & Grove |
| Westminster constituency | Basingstoke |
| Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MONTAGU EVANS |

## CPV Codes

### Divisions

- 70 - Real estate services

### Codes

- 70000000 - Real estate services

## Release History

- 2 May 2023 at 10:58 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/885faa0b-6826-4163-a175-17eecc6abd23
- 20 Dec 2022 at 13:45 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/e8aa7112-bb93-4b8c-b2a6-e29dbcfeeb74

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/885faa0b-6826-4163-a175-17eecc6abd23
  2nd May 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/e8aa7112-bb93-4b8c-b2a6-e29dbcfeeb74
  20th December 2022 - Opportunity notice on Contracts Finder
- https://procontract.due-north.com/Advert/Index?advertId=08c81c3c-6980-ed11-811c-005056b64545
  advert

## Notice URLs

- http://www.basingstoke.gov.uk

## Provenance

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