---
title: "P23-0122: Scottish Enterprise Investment Property Portfolio - Asset Valuation Service"
ocid: "ocds-h6vhtk-03c59f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03c59f"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03c59f.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03c59f.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "SCOTTISH ENTERPRISE"
published: "2023-08-01"
---

# P23-0122: Scottish Enterprise Investment Property Portfolio - Asset Valuation Service

Buyer: SCOTTISH ENTERPRISE  
Current stage: Award  
OCID: ocds-h6vhtk-03c59f

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-03c59f.json)

## Summary

Scottish Enterprise is looking to commission a supplier to provide a property asset valuation service for its investment property portfolio. The contract will be for a three-year period starting around August 2023, with the possibility of a one-year extension. The value of the contract over the potential four-year duration is estimated to be between £200,000 and £300,000 (excl VAT). The procurement falls under the 'Real estate services' classification and is categorised as a services contract within the industry. The main buyer is Scottish Enterprise, with the contracting authority based in Glasgow, United Kingdom.

This tender by Scottish Enterprise for the property asset valuation service offers an opportunity for businesses involved in real estate services to compete. Companies with expertise in property valuation, real estate agency services, non-residential property services, building sale or purchase services, and land sale or purchase services would be well-suited to bid for this contract. The open procedure allows a transparent and competitive process, offering fair competition among suppliers. Key dates to note include a tender period ending on 6th June 2023 and a bid opening scheduled for the same day. The contracting authority provides options for contract extension, creating potential for long-term business opportunities.

## Notice

Scottish Enterprise is seeking to commission a supplier to provide a property asset valuation service for Scottish Enterprise's investment property portfolio. The value of the land and property assets is required to ensure that the value of the property assets of Scottish Enterprise are properly represented in its financial accounts and is to be carried out in accordance with the RICS Appraisal and Valuation Standards. The requirement is to prepare bi-annual and annual valuations of the properties on the basis of "fair value" which to all intents and purposes will be the open market value. Scottish Enterprise's investment property portfolio is currently valued at GBP149M (as of March 2023), and comprises: - Industrial buildings - Offices - Business parks - Business centres - Energy, Science and Technology parks - Development land - Other property interests This contract will for a three-year period commencing on c.1 August 2023. After this time, Scottish Enterprise will have the option to extend the contract for a further one-year period. The anticipated value of the contract over the maximum four year duration is anticipated as being between GBP200,000 and GBP300,000 (excl VAT).

### Lot Information

Lot 1

Scottish Enterprise is seeking to commission a supplier to provide a property asset valuation service for Scottish Enterprise's investment property portfolio. The value of the land and property assets is required to ensure that the value of the property assets of Scottish Enterprise are properly represented in its financial accounts and is to be carried out in accordance with the RICS Appraisal and Valuation Standards. The requirement is to prepare bi-annual and annual valuations of the properties on the basis of "fair value" which to all intents and purposes will be the open market value. Scottish Enterprise's investment property portfolio is currently valued at GBP149M (as of March 2023), and comprises: - Industrial buildings - Offices - Business parks - Business centres - Energy, Science and Technology parks - Development land - Other property interests This contract will for a three-year period commencing on c.1 August 2023. After this time, Scottish Enterprise will have the option to extend the contract for a further one-year period. The anticipated value of the contract over the maximum four year duration is anticipated as being between GBP200,000 and GBP300,000 (excl VAT). Additional information: Economic operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Options: Following the initial period of 36 months, Scottish Enterprise reserves the right to extend the contract by a further period of 12 months.

Renewal: Following the initial period of 36 months, Scottish Enterprise reserves the right to extend the contract by a further period of 12 months.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/022353-2023 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 1 Aug 2023 |
| Submission deadline | 6 Jun 2023 |
| Future notice date | Not specified |
| Award date | 31 Jul 2023 |
| Contract period | Not specified |
| Recurrence | This service may be re-tendered towards the end of the contract, during 2026 or 2027, subject to the additional 12 month extension being taken forward. Scottish Enterprise publishes a Forward Plan of procurement activity on https://www.scottish-enterprise.com/. |

## Values

| Field | Value |
| --- | --- |
| Tender value | £300,000 |
| Lots value | £300,000 |
| Awards value | Not specified |
| Contracts value | £237,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | SCOTTISH ENTERPRISE |
| Locality | GLASGOW |
| Post town | Glasgow |
| Postcode | G2 6HQ |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM3 West Central Scotland |
| ITL 3 | TLM32 Glasgow City |
| Local authority | Glasgow City |
| Electoral ward | Anderston/City/Yorkhill |
| Westminster constituency | Glasgow North |
| Delivery location | TLM Scotland |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | GRAHAM + SIBBALD |

## CPV Codes

### Divisions

- 70 - Real estate services

### Codes

- 70000000 - Real estate services
- 70120000 - Buying and selling of real estate
- 70121000 - Building sale or purchase services
- 70122000 - Land sale or purchase services
- 70300000 - Real estate agency services on a fee or contract basis
- 70332000 - Non-residential property services

## Release History

- 1 Aug 2023 at 14:37 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/022353-2023
- 2 May 2023 at 12:54 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/012514-2023

## Notice URLs

- http://www.publiccontractsscotland.gov.uk
- http://www.scottish-enterprise.com/
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000724042
- https://www.gov.scot/publications/single-point-of-enquiry/
- https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00398
- https://www.scotcourts.gov.uk/the-courts/court-locations/glasgow-sheriff-court-and-justice-of-the-peace-court
- https://www.scottish-enterprise.com/
- https://www.scottish-enterprise.com/help/contact-us

## 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-03c59f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03c59f.json.