Scope
Reference
C273/2024/2025
Description
The research is intended to focus on practical approaches to undertaking the valuation of land. Consideration of a range of methodologies is necessary, to allow for comparison as well as testing the challenges and outputs. Bidders are invited to make bids within each of the four lot categories described in this document, which reflect the range of established and emerging approaches applied to value land in both international practice and research literature. A fifth lot category offers a 'free' choice of an alternative methodology to be proposed by the bidder. Bidders can bid for 1, more than 1 or all 5 lot categories. A maximum number of the 3 highest placed bidders will be awarded a contract under each of the lots.
Lot 1. Market Based Statistical Valuation
Description
Lot 1 aims to test the use of market transaction data alongside statistical techniques to estimate the value of land in Wales at a granular level.
Lot 2. Advanced algorithmic and machine-learning applications
Description
This lot aims to test the application of advanced automation, supervised and/or unsupervised machine-learning, and/or AI techniques to facilitate the mass appraisal of land in Wales at a granular level.
Lot 3. Formula-based valuation by land area
Description
This lot aims to identify and apply transparent, low-input formulae to approximate a land value by parcel size that can be benchmarked against more complex and costly valuation methods.
Lot 4. Conventional valuation approaches
Description
This lot invites the application of well-established approaches used by the valuation profession to land in Wales, with an emphasis on extending expertise to value-built land (i.e. the land underlying commercial and residential spaces).
Lot 5. Innovative or experimental approaches (Bidder-defined)
Description
This lot category invites bids that are not otherwise covered in the other categories. We are open to bidder-defined proposals. This may include novel approaches (or innovative combinations), or other existing methods from research or practice.
Contract 1. Lot 1
Lots
Lot 1. Market Based Statistical Valuation
Suppliers (3)
Contract value
- £75,000 excluding VAT
- £90,000 including VAT
Below the relevant threshold
Award decision date
15 July 2025
Date assessment summaries were sent to tenderers
21 July 2025
Earliest date the contract will be signed
7 August 2025
Contract dates (estimated)
- 8 August 2025 to 31 March 2026
- 7 months, 24 days
Main procurement category
Services
CPV classifications
- 73000000 - Research and development services and related consultancy services
Contract locations
- UKL - Wales
Contract 2. Lot 2
Lots
Lot 2. Advanced algorithmic and machine-learning applications
Suppliers (3)
Contract value
- £75,000 excluding VAT
- £90,000 including VAT
Below the relevant threshold
Award decision date
15 July 2025
Date assessment summaries were sent to tenderers
21 July 2025
Earliest date the contract will be signed
7 August 2025
Contract dates (estimated)
- 8 August 2025 to 31 March 2026
- 7 months, 24 days
Main procurement category
Services
CPV classifications
- 73400000 - Research and Development services on security and defence materials
Contract locations
- UKL - Wales
Contract 3. Lot 3
Lots
Lot 3. Formula-based valuation by land area
Suppliers (3)
Contract value
- £75,000 excluding VAT
- £90,000 including VAT
Below the relevant threshold
Award decision date
15 July 2025
Date assessment summaries were sent to tenderers
21 July 2025
Earliest date the contract will be signed
7 August 2025
Contract dates (estimated)
- 8 August 2025 to 31 March 2026
- 7 months, 24 days
Main procurement category
Services
CPV classifications
- 73000000 - Research and development services and related consultancy services
Contract locations
- UKL - Wales
Contract 4. Lot 4
Lots
Lot 4. Conventional valuation approaches
Suppliers (2)
Contract value
- £75,000 excluding VAT
- £90,000 including VAT
Below the relevant threshold
Award decision date
15 July 2025
Date assessment summaries were sent to tenderers
21 July 2025
Earliest date the contract will be signed
7 August 2025
Contract dates (estimated)
- 8 August 2025 to 31 March 2026
- 7 months, 24 days
Main procurement category
Services
CPV classifications
- 73000000 - Research and development services and related consultancy services
Contract locations
- UKL - Wales
Contract 5. Lot 5
Lots
Lot 5. Innovative or experimental approaches (Bidder-defined)
Suppliers (3)
Contract value
- £75,000 excluding VAT
- £90,000 including VAT
Below the relevant threshold
Award decision date
15 July 2025
Date assessment summaries were sent to tenderers
21 July 2025
Earliest date the contract will be signed
7 August 2025
Contract dates (estimated)
- 8 August 2025 to 31 March 2026
- 7 months, 24 days
Main procurement category
Services
CPV classifications
- 73000000 - Research and development services and related consultancy services
Contract locations
- UKL - Wales
Information about tenders
Lot 1. Market Based Statistical Valuation
- 6 tenders received
- 6 tenders assessed in the final stage:
- 4 submitted by small and medium-sized enterprises (SME)
- 0 submitted by voluntary, community and social enterprises (VCSE)
- 3 suppliers awarded contracts
- 3 suppliers unsuccessful (details included for contracts over £5 million)
Lot 2. Advanced algorithmic and machine-learning applications
- 4 tenders received
- 4 tenders assessed in the final stage:
- 3 submitted by small and medium-sized enterprises (SME)
- 0 submitted by voluntary, community and social enterprises (VCSE)
- 3 suppliers awarded contracts
- 1 supplier unsuccessful (details included for contracts over £5 million)
Lot 3. Formula-based valuation by land area
- 6 tenders received
- 6 tenders assessed in the final stage:
- 4 submitted by small and medium-sized enterprises (SME)
- 0 submitted by voluntary, community and social enterprises (VCSE)
- 3 suppliers awarded contracts
- 3 suppliers unsuccessful (details included for contracts over £5 million)
Lot 4. Conventional valuation approaches
- 4 tenders received
- 4 tenders assessed in the final stage:
- 3 submitted by small and medium-sized enterprises (SME)
- 0 submitted by voluntary, community and social enterprises (VCSE)
- 2 suppliers awarded contracts
- 2 suppliers unsuccessful (details included for contracts over £5 million)
Lot 5. Innovative or experimental approaches (Bidder-defined)
- 6 tenders received
- 6 tenders assessed in the final stage:
- 4 submitted by small and medium-sized enterprises (SME)
- 0 submitted by voluntary, community and social enterprises (VCSE)
- 3 suppliers awarded contracts
- 3 suppliers unsuccessful (details included for contracts over £5 million)
Procedure
Procedure type
Open procedure
Suppliers
ALMA ECONOMICS LIMITED
- Companies House: 09391354
- Public Procurement Organisation Number: PHGJ-1771-RHHN
43 Tanner Street
London
SE1 3PL
United Kingdom
Email: info@almaeconomics.com
Website: https://www.almaeconomics.com/
Region: UKI44 - Lewisham and Southwark
Small or medium-sized enterprise (SME): Yes
Voluntary, community or social enterprise (VCSE): No
Contract 1. Lot 1
Contract 2. Lot 2
AXION SOLUTIONS LTD
- Companies House: 15823734
- Public Procurement Organisation Number: PYHJ-4293-NMBL
63 Mill Lane
London
NW6 1NB
United Kingdom
Email: info@axionsolutionsltd.com
Website: http://www.axionsolutionsltd.com
Region: UKI31 - Camden and City of London
Small or medium-sized enterprise (SME): Yes
Voluntary, community or social enterprise (VCSE): No
Contract 4. Lot 4
BANGOR UNIVERSITY
- Companies House: RC000036
- Public Procurement Organisation Number: PHCG-5488-VCYR
College Road
Bangor
LL57 2TH
United Kingdom
Email: preaward@bangor.ac.uk
Website: https://my.bangor.ac.uk/
Region: UKL12 - Gwynedd
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Contract 1. Lot 1
Contract 2. Lot 2
Contract 3. Lot 3
Contract 5. Lot 5
INDUSTRYLINE RESEARCH LTD
- Companies House: 14461249
- Public Procurement Organisation Number: PVJW-2917-RXLJ
20 Swan Street,
Manchester
M4 5JW
United Kingdom
Region: UKD33 - Manchester
Small or medium-sized enterprise (SME): Yes
Voluntary, community or social enterprise (VCSE): No
Contract 3. Lot 3
Contract 5. Lot 5
KAMPAKIS AND CO. LTD
- Companies House: 10459791
- Public Procurement Organisation Number: PWJP-6874-MXDJ
5 Brunswick Park Gardens
London
N11 1EJ
United Kingdom
Email: fabio@thetesseractacademy.com
Website: https://tesseract.academy/
Region: UKI71 - Barnet
Small or medium-sized enterprise (SME): Yes
Voluntary, community or social enterprise (VCSE): No
Contract 1. Lot 1
Contract 2. Lot 2
Contract 3. Lot 3
Contract 4. Lot 4
Contract 5. Lot 5
Contracting authority
Welsh Government
- Public Procurement Organisation Number: PQYQ-3841-BHTP
Government Office King Edward VII Ave
Cardiff
CF10 3NQ
United Kingdom
Email: CPSProcurementAdvice@gov.wales
Region: UKL22 - Cardiff and Vale of Glamorgan
Organisation type: Public authority - central government
Devolved regulations that apply: Wales