---
title: "Asset Valuations 2024 - 2029"
ocid: "ocds-b5fd17-8dd75e93-666a-4220-9768-41b2d1824f1f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-8dd75e93-666a-4220-9768-41b2d1824f1f"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-8dd75e93-666a-4220-9768-41b2d1824f1f.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-8dd75e93-666a-4220-9768-41b2d1824f1f.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BOURNEMOUTH CHRISTCHURCH AND POOLE COUNCIL"
published: "2025-01-28"
---

# Asset Valuations 2024 - 2029

Buyer: BOURNEMOUTH CHRISTCHURCH AND POOLE COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-8dd75e93-666a-4220-9768-41b2d1824f1f

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## Summary

The Bournemouth Christchurch and Poole (BCP) Council has completed the procurement process for the 'Asset Valuations 2024 - 2029' contract, which falls under the real estate agency services category. The contracting process took place in the South West region of the United Kingdom, and the procurement stage has now progressed to the award phase. The final contract, valued at GBP 250,000, will commence on 1st February 2025 and continue until 31st January 2028. This open procedure tender was initially published on 25th October 2024, with the negotiation concluding by the submission deadline of 29th November 2024. The winning bidder, Lambert Smith Hampton, has been selected to perform the asset valuations in line with guidelines from CIPFA and RICS over the contract's five-year duration if extended to the full term.

This contract presents significant opportunities for businesses specialising in real estate valuations and those compliant with CIPFA and RICS standards. The extensive revaluation programme involves various property types and interests, making it a lucrative deal for firms that can offer diverse valuation methodologies. Small and medium-sized enterprises (SMEs) would particularly benefit from participating in such opportunities, as the procurement process was designed to accommodate their capabilities. Successful involvement could lead to long-term business growth given the contract's potential extensions and recurring nature of the valuation services required by BCP Council.

## Notice

BCP Council undertakes a rolling revaluation programme of General Fund and Housing Revenue Account assets, with Investment, Surplus, Charitable Assets and HRA properties (including Beacons) re-valued annually. Assets valued in any given year represent a cross section of the Council's portfolio. Consequently, the assets comprise a wide range of property types and interests requiring a range of valuation methodologies. The Council requires the valuations to be undertaken in accordance with the relevant current and future guidelines issued by The Chartered Institute of Public Finance and Accountancy (CIPFA) and the Royal Institution of Chartered Surveyors (RICS). The Initial Contract Duration is 3 years with 2 options to extend of 12 months each. Therefore if the full extension(s) is taken, then the full contract duration shall be 5 years. Additional information: Suppliers interested in this opportunity can access the full procurement documentation by visiting BCP Council's Tendering system www.supplyingthesouthwest.org.uk Suppliers should search for the opportunity through Supplying the South West. There are further details of the opportunity on the advert published on www.supplyingthesouthwest.org.uk and instructions on how suppliers can access the procurement documentation for completion. Responses to the opportunity must be submitted electronically through www.supplyingthesouthwest.org.uk before the deadline shown on the system. If you are unable to access the advert for the opportunity through www.supplyingthesouthwest.org.uk please contact the Council using the contact details provided.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/b4730a5a-e044-47ed-9a38-d312b51be4cb |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 28 Jan 2025 |
| Submission deadline | 29 Nov 2024 |
| Future notice date | Not specified |
| Award date | 28 Jan 2025 |
| Contract period | 1 Feb 2025 - 31 Jan 2028 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £250,000 |
| Lots value | Not specified |
| Awards value | £250,000 |
| 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 | BOURNEMOUTH CHRISTCHURCH AND POOLE COUNCIL |
| Locality | BOURNEMOUTH |
| Post town | Bournemouth |
| Postcode | BH2 6DY |
| Country | England |
| ITL 1 | TLK South West (England) |
| ITL 2 | TLK6 North Somerset, Somerset and Dorset |
| ITL 3 | TLK63 Bournemouth, Christchurch and Poole |
| Local authority | Bournemouth, Christchurch and Poole |
| Electoral ward | Bournemouth Central |
| Westminster constituency | Bournemouth West |
| Delivery location | TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LAMBERT SMITH HAMPTON |

## CPV Codes

### Divisions

- 70 - Real estate services

### Codes

- 70300000 - Real estate agency services on a fee or contract basis

## Release History

- 28 Jan 2025 at 14:30 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/b4730a5a-e044-47ed-9a38-d312b51be4cb
- 25 Oct 2024 at 10:08 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/437e3e01-f621-4e34-85f1-bf63f8f959a8

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/b4730a5a-e044-47ed-9a38-d312b51be4cb
  28th January 2025 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/437e3e01-f621-4e34-85f1-bf63f8f959a8
  25th October 2024 - Opportunity notice on Contracts Finder
- https://procontract.due-north.com/Advert?advertId=867a88da-b692-ef11-8130-005056b64545&p=696a9836-1895-e511-8105-000c29c9ba21
  Link to Advert for Suppliers to Access Tender Documents

## Notice URLs

- https://www.bcpcouncil.gov.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-b5fd17-8dd75e93-666a-4220-9768-41b2d1824f1f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-8dd75e93-666a-4220-9768-41b2d1824f1f.json.