---
title: "INVITATION TO TENDER FOR THE PROVISION OF PROPERTY ASSET CONSULTANCY SERVICES"
ocid: "ocds-h6vhtk-0392e5"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0392e5"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0392e5.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0392e5.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "BASINGSTOKE & DEANE BOROUGH COUNCIL"
published: "2023-04-25"
---

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

Buyer: BASINGSTOKE & DEANE BOROUGH COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-0392e5

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## Summary

The Basingstoke and Deane Borough Council is inviting tenders for Property Asset Consultancy Services. This procurement process falls under the services category and involves the valuation of the council's property investment portfolio. The valuation will cover both commercial and operational properties, with a total value exceeding £396 million. The council seeks consultancy services for annual valuations over a 3-year period, with a potential 1-year extension option. The procurement method is an open procedure, and the contract has been awarded to Montagu Evans LLP on 20th March 2023.

This tender opportunity by the Basingstoke and Deane Borough Council offers a chance for consultancy businesses specialising in property asset valuation services to expand their portfolios. Companies with experience in providing quality valuations, proposed methodologies, and competitive pricing are well-suited to compete in this procurement process. The contract value is £505,675, and the business potential extends over a multi-year period, with additional opportunities for extension. With a clear focus on property asset consultancy, this tender provides a tailored opportunity for businesses looking to engage in long-term partnerships with a reputable public authority.

## Notice

Basingstoke and Deane Borough Council (BDBC) is seeking to procure asset Valuation Consultancy Services for asset valuations to be included in the Council's 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 1/3 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 PS339m and the operational and car park portfolio was valued at circa PS57m. 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.

### Lot Information

Lot 1

Basingstoke and Deane Borough Council (BDBC) was seeking to procure asset Valuation Consultancy Services for asset valuations to be included in the Council's 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 1/3 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 PS339m and the operational and car park portfolio was valued at circa PS57m. 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.

Options: The contract will be subject to an optional extension of 1 x 12 months.

Renewal: The contract will be subject to an optional extension of 1 x 12 months.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/011783-2023 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 25 Apr 2023 |
| Submission deadline | 8 Feb 2023 |
| Future notice date | Not specified |
| Award date | 20 Mar 2023 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | £600,000 |
| Awards value | Not specified |
| Contracts value | £505,675 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## 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 | TLJ3 Hampshire and Isle of Wight |

## Supplier

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

## CPV Codes

### Divisions

- 70 - Real estate services

### Codes

- 70000000 - Real estate services
- 70300000 - Real estate agency services on a fee or contract basis

## Release History

- 25 Apr 2023 at 10:36 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/011783-2023
- 20 Dec 2022 at 13:47 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/036039-2022

## Notice URLs

- http://sebp.due-north.com
- https://procontract.due-north.com/Advert/Index?advertId=08c81c3c-6980-ed11-811c-005056b64545
- https://sebp.due-north.com/
- https://www.basingstoke.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-0392e5. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0392e5.json.