---
title: "The Provision of Asset Valuation Services"
ocid: "ocds-h6vhtk-037683"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-037683"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-037683.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-037683.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "HUNTINGDONSHIRE DISTRICT COUNCIL"
published: "2022-10-17"
---

# The Provision of Asset Valuation Services

Buyer: HUNTINGDONSHIRE DISTRICT COUNCIL  
Current stage: Tender  
OCID: ocds-h6vhtk-037683

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## Summary

The Huntingdonshire District Council is inviting tenders for "The Provision of Asset Valuation Services" in the real estate services category. This procurement involves a 3-year rolling programme of valuations for various asset types, commencing in December 2022 and lasting until December 2025. The contract specifies detailed requirements for property valuations and asset classification, with submissions due by November 14, 2022. The tender is open for electronic submissions and provides opportunities for businesses with expertise in building surveying services.

This tender by Huntingdonshire District Council presents an opportunity for businesses specialised in real estate services to provide asset valuation expertise. The Council seeks suppliers experienced in property valuations compliant with accounting and valuation standards. The procurement process is currently in the tender stage, with a bid opening scheduled for November 21, 2022. Interested businesses should review the detailed contract requirements and submit proposals to participate in this lucrative opportunity for business growth.

## Notice

Huntingdonshire District Council (HDC) wishes to appoint a professional and experienced supplier to provide expertise with its Asset Valuations. Property valuations for the Council should be completed in accordance with the CIPFA/LASAAC Code of Practice on Local Authority Accounting ('the Code') and the Royal Institution of Chartered Surveyors (RICS) Valuation Standards (Red Book).

### Lot Information

Lot 1

The Council has a 3-year rolling programme of valuations of assets, the current approach is allowable under the new Code of Practice interpretation of International Financial Reporting Standards. Year 1 - Leisure Centres and Investment Properties Year 2 - Offices & Depots, Potential Building Plots and Investment Properties Year 3 - Remaining OLB assets and Investment Properties This contract is expected to commence in December 2022 and be for a term of 3 years plus the option to extend for up to 12 months due to potential audit queries, subject to satisfactory performance and service requirements. Valuations of the Council's land and properties should be considered on an existing use basis, in addition to the valuations we would expect to be provided: * Existing Use Values. * An estimate of the remaining residual value and useful life of the properties valued. * An apportionment of values between land and building for depreciation purposes only. * Components as per the Componentisation policy will not require valuation but should be reviewed for obsolescence. * Review the classification category the asset should be held i.e., Investment/OLB/Surplus/Available for sale etc. * Establish the appropriate basis of valuation (and comment on reason for change if applicable). * Identify whether assets are specialised or non-specialised. whether the property was visited or not.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/029244-2022 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 17 Oct 2022 |
| Submission deadline | 14 Nov 2022 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Active |
| Lots status | Active |
| Awards status | Not specified |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | HUNTINGDONSHIRE DISTRICT COUNCIL |
| Locality | HUNTINGDON |
| Post town | Peterborough |
| Postcode | PE29 3TN |
| Country | England |
| ITL 1 | TLH East (England) |
| ITL 2 | TLH4 Cambridgeshire and Peterborough |
| ITL 3 | TLH42 Cambridgeshire CC |
| Local authority | Huntingdonshire |
| Electoral ward | Huntingdon North |
| Westminster constituency | Huntingdon |
| Delivery location | TLH East (England) |

## CPV Codes

### Divisions

- 70 - Real estate services
- 71 - Architectural, construction, engineering and inspection services

### Codes

- 70000000 - Real estate services
- 71315300 - Building surveying services

## Release History

- 17 Oct 2022 at 17:29 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/029244-2022

## Notice URLs

- https://procontract.due-north.com/Advert/Index?advertId=65c8cd40-3d4e-ed11-811a-005056b64545
- https://www.huntingdonshire.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-h6vhtk-037683. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-037683.json.