Scope
Reference
WFHARFQAVC0001
Description
• WFHA, is a small independent and not-for-profit Registered Provider (PR), providing social homes across the London Borough of Waltham Forest for over sixty years. WFHA currently owns c350 homes: c150 general needs, c150 sheltered housing and c20 supported housing for adults with learning disabilities.
• In addition, WFHA owns a property used to house young homeless people and this is currently 1 leased to another provider. The Service Provider will be required to undertake a full valuation exercise across all of WFHA assets.
• WFHA Current property assets were last fully valued in 2014, however, partial valuation was carried out in 2018. WFHA full asset requires a revaluation, to ensure that the insurance coverage across the assets is adequate and future proofed. The consultant will be required to carry out this valuation process in an efficient manner without impacting the tenant(s) or any of the properties.
• The majority are occupied; however, the portfolio does contain some voids and occupancy can change at any point.
• Over the course of a typical year the property portfolio will fluctuate potentially 10%.
• The previous value of the portfolio was detailed as circa £60m with insurance estimates of circa £75m. Full details will be provided to the appointed bidder along with other relevant supporting information upon receipt of the completed confidentiality agreement.
Contract 1. asset valuation consultancy
Supplier
Contract value
- £29,500 excluding VAT
- £35,400 including VAT
Below the relevant threshold
Award decision date
18 July 2025
Earliest date the contract will be signed
4 August 2025
Contract dates (estimated)
- 5 August 2025 to 4 August 2026
- 1 year
Main procurement category
Services
CPV classifications
- 79000000 - Business services: law, marketing, consulting, recruitment, printing and security
- 70000000 - Real estate services
Contract locations
- UK - United Kingdom
Procedure
Procedure type
Below threshold - without competition
Supplier
Norse Consulting Group Ltd (NCGL)
- Companies House: 09094748
280 fifers lane,
norfolk
nr6 6eq
United Kingdom
Email: alex.hare@norsegroup.co.uk
Region: UKH15 - Norwich and East Norfolk
Small or medium-sized enterprise (SME): Yes
Voluntary, community or social enterprise (VCSE): No
Contract 1. asset valuation consultancy
Contracting authority
Waltham Forest Housing Association
- Public Procurement Organisation Number: PLHD-1176-CCXP
31 Church Hill
London
E17 3RU
United Kingdom
Region: UKI53 - Redbridge and Waltham Forest
Organisation type: Public undertaking (commercial organisation subject to public authority oversight)
Other organisation
These organisations are carrying out the procurement, or part of it, on behalf of the contracting authorities.
Altair Consultancy and Advisory Services Ltd
Summary of their role in this procurement: Agent on behalf of the Authority
- Companies House: 07463003
Tempus Wharf
London
SE16 4SA
United Kingdom
Region: UKI44 - Lewisham and Southwark