Official UK procurement notice
INVITATION TO TENDER FOR THE PROVISION OF PROPERTY ASSET CONSULTANCY SERVICES
Authority: Basingstoke and Deane Borough Council (Local council)
What is being bought
Published requirement descriptionBasingstoke 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 £339m and the operational and car park portfolio was valued at circa £57m.
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.
CPV: Real estate agency services on a fee or contract basis · Real estate services
The lotProcurement structure
single lot · value publishedLot #1Basingstoke and Deane Borough Council (BDBC) was seeking to procure asset Valuation…AwardedRenewalPublished value£600,000
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 £339m and the operational and car park portfolio was valued at circa £57m.
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.
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published sub-criteria (6)
- Resourcing of this instruction: 15%
- Proposed Methodology: 20%
- Relevant Experience and contract Examples: 10%
- Examples of any previous enhancement and impairment reviews of property you may have carried out: 5%
- The form of Valuation Schedule: 10%
- Price: 40%
Published award criteria (6)
- Resourcing of this instruction: 15
- Proposed Methodology: 20
- Relevant Experience and contract Examples: 10
- Examples of any previous enhancement and impairment reviews of property you may have carried out: 5
- The form of Valuation Schedule: 10
- Price: 40
- Price carries 40 of 100 points: a 10% discount moves about 4 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 20 Dec 2022, 13:47 GMT
- Last source update
- 25 Apr 2023, 11:36 BST
- Award evaluation window
- 8 Feb 2023 – …
- Authority reference
DN648826- FTS notice number
2023/S 000-011783- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0392e5Find a Tender
- Electronic trading
- e-invoicing allowed · electronic payment
- Performance terms
as set out in the procurement documents.
How it was run
Official noticeTender documents are also served through a separate tool: https://sebp.due-north.com/ ↗
- Submission deadline
- 8 Feb 2023, 11:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bids opened
- 8 Feb 2023, 12:00 GMT
Timeline
8 Feb 2023 → 25 Apr 2023 · 3 dates- Submission deadline8 Feb 2023, 11:00 GMT
- Bids opened8 Feb 2023, 12:00 GMT
- Notice published25 Apr 2023, 11:36 BST
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete25 Apr 2023, 11:36 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Montagu-Evans LLP | £505,675 † | — | Awarded |
Contracts
INVITATION TO TENDER FOR THE PROVISION OF PROPERTY ASSET CONSULTANCY SERVICES · Montagu-Evans LLP
- Signed
- 20 Mar 2023
- Value
- £505,675
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 4bids | — | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High Court of England and WalesReview body
Bidders & participating suppliers
1 commercial party on the notice- Montagu Evans LLPAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria