---
title: "Valuation Services for Lothian Pension Fund (LPF)"
ocid: "ocds-r6ebe6-0000819513"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000819513"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000819513.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000819513.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "THE CITY OF EDINBURGH COUNCIL"
published: "2026-04-24"
---

# Valuation Services for Lothian Pension Fund (LPF)

Buyer: THE CITY OF EDINBURGH COUNCIL  
Current stage: Award  
OCID: ocds-r6ebe6-0000819513

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## Summary

The City of Edinburgh Council, acting as the administering authority for the Lothian Pension Fund (LPF), has concluded the awarding of a contract for property valuation services. This contract supports LPF’s estate and financial decisions and aligns with their investment strategy. The procurement process utilised an open procedure method, classified under general public services within the services category. This contract has been awarded to Savills (UK) Ltd for the delivery of quarterly valuations of LPF assets. Located in Edinburgh, within region UKM75, this procurement is now in the contract award stage, with important milestone details including contract signing on 17th April 2026, and an anticipated total contract value of £450,000 GBP. Businesses had the opportunity to submit bids electronically, and a total of four were received. This award is contained under the Crown Commercial Service (CCS) framework for Estate Management Services.

This contract presents substantial opportunities for businesses engaged in property valuation and real estate services, particularly large firms like Savills (UK) Ltd, who can leverage their expertise in delivering valuation services in accordance with RICS Valuation Global Standards. The absence of bids from SMEs highlights the specialised nature of the work involved, favouring companies with extensive resources and industry know-how. Businesses in real estate consultancy or financial analysis dealing with property portfolios may find similar opportunities beneficial for growth and establishing long-term government partnerships. The contract will require consistent engagements with LPF’s property portfolio, ideal for firms seeking to expand their market presence within the public sector in the UK.

## Notice

The City of Edinburgh Council (the Council), acting as administering authority on behalf of Lothian Pension Fund (LPF), is seeking a contract for property valuation services. This service supports LPF's estate and financial decisions and the delivery of the investment strategy.

### Lot Information

Lot 1

Lothian Pension Fund (LPF) is seeking a contract for property valuation services. This service supports LPF's estate and financial decisions and the delivery of the investment strategy. The Provider will be required to undertake quarterly valuations of the LPF direct property portfolio assets in accordance with the current version of the RICS Valuation - Global Standards, incorporating the International Valuation Standards and the UK National Supplement ('the Red Book').

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR554599 |
| Notice type | PCS Notice - Website Contract Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 24 Apr 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 17 Apr 2026 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £450,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE CITY OF EDINBURGH COUNCIL |
| Locality | EDINBURGH |
| Post town | Edinburgh |
| Postcode | EH8 8BG |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM1 East Central Scotland |
| ITL 3 | TLM13 City of Edinburgh |
| Local authority | City of Edinburgh |
| Electoral ward | City Centre |
| Westminster constituency | Edinburgh East and Musselburgh |
| Delivery location | TLM75 City of Edinburgh |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | SAVILLS (UK |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66131100 - Pension investment services
- 66141000 - Pension fund management services
- 66523000 - Pension fund consultancy services

## Release History

- 24 Apr 2026 at 00:00 - Award - PCS Notice - Website Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR554599

## Documents

- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=APR554599
  Valuation Services for Lothian Pension Fund (LPF) - The City of Edinburgh Council (the Council), acting as administering authority on behalf of Lothian Pension Fund (LPF), is seeking a contract for property valuation services. This service supports LPF's estate and financial decisions and the delivery of the investment strategy.

## Notice URLs

- http://
- http://www.edinburgh.gov.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000819513

## 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-r6ebe6-0000819513. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000819513.json.