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RUG - Property Asset Valuations (Further Competition RM6168) - AWARD

WAC ID:354388

Public SectorAward updateClosedSME-friendlyVCSE-friendly

Source:	Contracts Finder
Notice Type:	Award update
Buyer:	Rugby BC (RUG)
Main Category:	Services
Procurement Method:	Other -
Tender Status:	Closed
Estimated Value (ex. VAT):	Not specified
Release Date:	8 November 2024
Application Deadline:	10 November 2023
Contract Start Date:	1 January 2024
Contract End Date:

Procurement timeline

All 3 notices for this procurement, oldest first.

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Contract award notice· 8 Nov 2024
RUG - Property Asset Valuations (Further Competition RM6168) - AWARD
Award update· 8 Nov 2024
RUG - Property Asset Valuations (Further Competition RM6168) - AWARD
Award update· 8 Nov 2024Viewing
RUG - Property Asset Valuations (Further Competition RM6168) - AWARD

Earlier notices predate the Procurement Act 2023 (commenced 24 Feb 2025) and therefore don't carry UK1–UK17 codes.

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Award outcome

Awarded to

Bruton KnowlesGB-CFS-300886

Award value:	£187,500
Award decision date:	19 May 2024
Award status:	Active

Contracting Authority

Organisation

Rugby BC (RUG)

Submission Details

Description

Rugby Borough Council (the Council) is seeking a contract to provide property valuations for all of the Council's property assets for up to three valuation periods for Financial Years 2023/24, 2024/25 and 2025/26, with the option for 2 one year extensions. The Council currently has circa 125 property assets (including offices, car parks, allotments, cemeteries, Parks, and investment properties) plus 3,700 Houses and Flats held as part of the Housing Revenue account (HRA) which due to accounting and audit requirements must be valued for the authority's Annual Statement of Accounts to ensure the carrying amount in the accounts is not materially different from their current value. This will include assets where the Council has a 'right of use' but does not own the asset, as per the IFRS16 accounting standard.