Scope
Reference
DN779325
Description
Nottinghamshire County Council (the Council) is seeking tenders, on behalf of Mansfield District Council (MDC), for the services as detailed below, nationwide geographical coverage is required.
Mansfield District Council owns and manages a portfolio of 10 investment properties.
The portfolio includes 9 UK wide properties and 1 shopping centre in Mansfield. The property mix includes a hotel, gym, office, supermarket, VW commercial vehicle sales/service centre, 2 x DIY retail, industrial, shopping centre and mixed office and residential long leasehold interest.
Under the requirements of the International Financial Reporting Standards (IFRS) the Council is obliged to accurately account for its property assets on an annual basis.
To comply with these requirements the Council intends to appoint an appropriately experienced and qualified firm of valuers (hereinafter "the Valuer) on a five-year contract to undertake annual asset valuations of the Council's investment portfolio for financial reporting purposes.
The Council is also obliged to carry out an annual Impairment to assess any material impact in the asset values from the valuation date (31st December) to the year-end date (31st March).
To satisfy this requirement the Council intends to incorporate this annual impairment review into the 5-year contract.
The Council also requires the Valuer to undertake reinstatement replacement cost assessments for 6 properties for insurance purposes. These will only be required in one year of the contract term.
MDC require a Single Supplier to carry out this work.
Contract length is 5 years with no extensions available.
Estimated contract start date is 1st November 2025.
Total value (estimated)
- £150,000 excluding VAT
- £180,000 including VAT
Below the relevant threshold
Contract dates (estimated)
- 1 November 2025 to 31 October 2030
- 5 years
Main procurement category
Services
CPV classifications
- 70000000 - Real estate services
Contract locations
- UKC - North East (England)
- UKD - North West (England)
- UKE - Yorkshire and the Humber
- UKF - East Midlands (England)
- UKG - West Midlands (England)
- UKH - East of England
- UKI - London
- UKJ - South East (England)
- UKK - South West (England)
Participation
Particular suitability
- Small and medium-sized enterprises (SME)
- Voluntary, community and social enterprises (VCSE)
Submission
Enquiry deadline
4 July 2025, 11:59pm
Tender submission deadline
18 July 2025, 12:00pm
Submission address and any special instructions
Tenders may be submitted electronically
Yes
Award criteria
| Name | Type | Weighting |
|---|---|---|
| Price | Price | 60% |
| Quality | Quality | 40% |
Procedure
Procedure type
Below threshold - open competition
Documents
Associated tender documents
http://www.eastmidstenders.org
https://www.find-tender.service.gov.uk/dashboard/notices/www.eastmidstenders.org
Search for DN779325 Investment Property Valuations-National Locations
Contracting authority
Mansfield District Council
- Public Procurement Organisation Number: PXVW-6735-WLXT
Civic Centre
Mansfield
NG19 7BH
United Kingdom
Email: procurement@mansfield.gov.uk
Region: UKF15 - North Nottinghamshire
Organisation type: Public authority - sub-central government
Other organisation
These organisations are carrying out the procurement, or part of it, on behalf of the contracting authorities.
Nottinghamshire County Council
Summary of their role in this procurement: Procurement
- Public Procurement Organisation Number: PBCV-5152-BXBP
County Hall, Loughborough Road
Nottingham
NG2 7QP
United Kingdom
Contact name: Nicola Marshall
Email: prpc@nottscc.gov.uk
Region: UKF16 - South Nottinghamshire