RFP QuestBeta
Awarded · ResultStage · contract

West Berkshire Council

Valuation of WBC Properties for Insurance Purposes - AWARD

Financial ServicesCPV 66000000
Value£36k
Awarded9 Dec 2024
Published17 Jan 2025
RegionUK-wide
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£36ktotal contract value
median £150k
this tender£0£4.7m

This sits below the typical range for Financial & Insurance Services contracts — a smaller, more accessible award. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

The brief

Currently we have a 5 year rolling programme of insurance valuations for all the Council's properties which is coming to an end.

We now wish to procure a company to carry out a 5-year programme of rolling insurance valuations with approximately 20% valued each year.

In 2018 West Berkshire Council commenced the acquisition of a commercial Property Investment Portfolio which currently comprises of eight investment properties scattered geographically across the UK (though it is envisaged to dispose of these over the course of this contract).

In addition, the council owns two small industrial estates and six stand-alone properties locally that are also categorised as investment properties.

The council also owns approximately 300 operational properties including community centres, schools, libraries, toilets, caretakers and homeless persons residential accommodation, farms, etc.

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Source & provenance
OCID
42af5693-ef96-4f30-8e00-99a1ac7ab437
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
IT-402-1480-P00001480 - AWARD
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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