---
title: "CPU 4298 Asset Valuations"
ocid: "ocds-b5fd17-ef6390a7-0ab2-4200-87dd-d3e0ac2c1307"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-ef6390a7-0ab2-4200-87dd-d3e0ac2c1307"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-ef6390a7-0ab2-4200-87dd-d3e0ac2c1307.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-ef6390a7-0ab2-4200-87dd-d3e0ac2c1307.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NOTTINGHAM CITY COUNCIL"
published: "2021-01-27"
---

# CPU 4298 Asset Valuations

Buyer: NOTTINGHAM CITY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-ef6390a7-0ab2-4200-87dd-d3e0ac2c1307

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## Summary

The Nottingham City Council is conducting a procurement process titled "CPU 4298 Asset Valuations", focusing on evaluation consultancy services. This tender involves the revaluation of various types of assets, including investment properties and operational property, primarily located in Nottingham, but also extending to Newcastle and the West Midlands. The procurement is in the Award stage, with the contract period starting from 27th January 2021 and ending on 31st March 2021. The tender had a closing date for submissions on 21st January 2021, and the total value of the contract awarded is £59,000.

This tender presents a valuable opportunity for small to medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations specialising in asset evaluation and consultancy services. Businesses with expertise in property valuation methodologies, particularly those familiar with Fair Value and Depreciated Replacement Cost assessments, would be well-positioned to compete. Engaging with Nottingham City Council's asset revaluation needs could facilitate expansion and establish ongoing working relationships in public sector contracts.

## Notice

Nottingham City Council is required to complete revaluations of its operational and non-operational assets including: * Investment Properties * Surplus Assets * Operational Property * Specialised High Value Plant and Equipment The valuations are completed on a number of bases including Fair Value, Depreciated Replacement Cost Method and Existing Use Value. The Council holds/controls a wide variety of property types from incinerators to high value retail parks. The Property Trading Account whilst primarily located in Nottingham has assets in Newcastle and the West Midlands which requires specialist external input. The full details of requirements can be found on page 3 of the Invitation to Quote.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/22e5c69b-d736-4794-824e-e5a057af4658 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 27 Jan 2021 |
| Submission deadline | 21 Jan 2021 |
| Future notice date | Not specified |
| Award date | 25 Jan 2021 |
| Contract period | 27 Jan 2021 - 31 Mar 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £85,000 |
| Lots value | Not specified |
| Awards value | £59,000 |
| 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 | NOTTINGHAM CITY COUNCIL |
| Locality | NOTTINGHAM |
| Post town | Nottingham |
| Postcode | NG2 3NG |
| Country | England |
| ITL 1 | TLF East Midlands (England) |
| ITL 2 | TLF1 Derbyshire and Nottinghamshire |
| ITL 3 | TLF14 Nottingham |
| Local authority | Nottingham |
| Electoral ward | Castle |
| Westminster constituency | Nottingham East |
| 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 | LAMBERT SMITH HAMPTON |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79419000 - Evaluation consultancy services

## Release History

- 27 Jan 2021 at 08:51 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/22e5c69b-d736-4794-824e-e5a057af4658

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/22e5c69b-d736-4794-824e-e5a057af4658
  27th January 2021 - Awarded contract notice on Contracts Finder

## Notice URLs

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

## Provenance

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