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Investment Property Valuations-National Locations

Mansfield District Council

Buyer Contact Info

Buyer Name: Mansfield District Council

Buyer Address: Civic Centre, Mansfield, UKF15, NG19 7BH, United Kingdom

Contact Email: procurement@mansfield.gov.uk

Buyer Name: Nottinghamshire County Council

Buyer Address: County Hall, Loughborough Road, Nottingham, UKF16, NG2 7QP, United Kingdom

Contact Name: Nicola Marshall

Contact Email: prpc@nottscc.gov.uk

Status
active
Procedure
open
Value
150000.0 GBP
Gross: 180000 GBP
Published
20 Jun 2025, 16:36
Deadline
18 Jul 2025, 11:00
Contract Start
n/a
Contract End
n/a
Category
services
CPV
70000000 - Real estate services
Region
n/a
Awarded To
n/a
Official Source
Open Find a Tender

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.

Linked Documents

No linked documents found for this notice.

Opportunity Context

More Information Links

External Link: www.eastmidstenders.org

External Link: https://www.find-tender.service.gov.uk/dashboard/notices/www.eastmidstenders.org

Link Description: Search for DN779325 Investment Property Valuations-National Locations

External Link: https://www.find-tender.service.gov.uk/Notice/034194-2025

Link Description: Tender notice on Find a Tender

Lots

Lot 1 Status: active

Lot 1 Value: GBP 150,000

Lot 1 Value (Gross): GBP 180,000

Lot 1 Contract Start: 2025-11-01T00:00:00Z

Lot 1 Contract End: 2030-10-31T23:59:59Z

Lot 1 SME Suitable: Yes

Lot 1 Award Criterion (quality): Quality (40%)

Lot 1 Award Criterion (price): Price (60%)

Documents

Document Description: Search for DN779325 Investment Property Valuations-National Locations

Document Description: Tender notice on Find a Tender

Raw Notice JSON

Expand raw payload
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