---
title: "Property Asset Valuation Services"
ocid: "ocds-h6vhtk-05e3b4"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05e3b4"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-05e3b4.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-05e3b4.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "SHETLAND ISLANDS COUNCIL"
published: "2025-11-18"
---

# Property Asset Valuation Services

Buyer: SHETLAND ISLANDS COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-05e3b4

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## Summary

The procurement process for "Property Asset Valuation Services" was conducted by the Shetland Islands Council, with the primary focus on property management services of real estate. The contract, a services type with CPV code 70330000, is situated in the Shetland Islands, UKM66 region. Initially issued through a limited procurement method without a prior call for competition, the process concluded with a contract award to Ryden on 18th November 2025. The procurement stage is complete, following a mini competition within the Crown Commercial Services Framework RM6168 Lot 5, after a lack of competition in the initial tendering phase. The activity was covered by the Government Procurement Agreement (GPA) and valued at £250,000.

This tender presents significant opportunities for businesses specializing in property management services, particularly small and medium-sized enterprises (SMEs) capable of handling property asset valuations in line with standards set by the Royal Institution of Chartered Surveyors. The nature of the procurement, carried out through a targeted call to framework suppliers, highlights the value of being part of such frameworks to secure business growth. Companies with expertise in property asset valuation, especially those experienced in operating within the Shetland Islands and familiar with local council operations, would be well-suited to this opportunity.

## Notice

The Council carries out a rolling programme of valuation that ensures that all property, plant and equipment required to be measured at fair value, is currently revalued at least every five years, but we are considering alternative frequency of valuations. Valuations of land and buildings are required in accordance with the methodologies and bases for estimation set out in the professional standards of the Royal Institution of Chartered Surveyors.

### Lot Information

Lot 1

The type of contract awarded is a Services contract.

### Procurement Information

A mini competition was carried out on Crown Commercial Services Framework Agreement ("the Framework") RM6168 Lot 5. Two suppliers expressed an interest however never took part in the mini competition leaving the process with no tenders. Given the failure of the tendering process the Council approached one of the suppliers on the Framework, to establish if they could deliver the services required. They submitted a quotation which is based on the Framework Agreement and therefore gives comfort that the proposal from them is value for money.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/074939-2025 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Nov 2025 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 18 Nov 2025 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £250,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | SHETLAND ISLANDS COUNCIL |
| Locality | LERWICK, SHETLAND |
| Post town | Lerwick |
| Postcode | ZE1 0LZ |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM2 Highlands and Islands |
| ITL 3 | TLM20 Highlands and Islands |
| Local authority | Shetland Islands |
| Electoral ward | Lerwick North and Bressay |
| Westminster constituency | Orkney and Shetland |
| Delivery location | TLM66 Shetland Islands |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | RYDEN |

## CPV Codes

### Divisions

- 70 - Real estate services

### Codes

- 70330000 - Property management services of real estate on a fee or contract basis

## Release History

- 18 Nov 2025 at 16:30 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/074939-2025

## Notice URLs

- http://www.shetland.gov.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000781599
- https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00402

## 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-05e3b4. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-05e3b4.json.