RFP QuestBeta
Awarded · ResultStage · contract

Rugby BC (RUG)

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

Engineering & ArchitectureCPV 71315300
Value£188k
Awarded10 Nov 2023
Published8 Nov 2024
RegionUK-wide
Outcome — awarded

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

Contract value in context
£188ktotal contract value
median £95k
this tender£0£2.0m

This sits in the upper-middle of the Engineering & Architecture band — a substantial contract for the sector. Based on 33,646 valued Engineering & Architecture tenders in our corpus.

The brief

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.

Key requirements

What the supplier must deliver

01

Rugby Borough Council (the Council) is seeking

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.

Derived from the notice text — always confirm against the original documents.

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Source & provenance
OCID
6e38ceec-2a34-4b88-86eb-6db2bf3a1ede
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
IT-208-17238-RUG - 17238 - 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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