Published date: 23 November 2022

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 7 December 2022, 10am

Contract summary

Industry

  • Financial consultancy services - 66171000

  • Financial auditing services - 79212100

  • Financial management consultancy services - 79412000

    • Evaluation consultancy services - 79419000

Location of contract

B4 7DJ

Value of contract

£0

Procurement reference

IT-100-3816-BPSQ 065

Published date

23 November 2022

Closing date

7 December 2022

Closing time

10am

Contract start date

12 January 2023

Contract end date

10 January 2025

Contract type

Service contract

Procedure type

Other

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

The Council requires a supplier for the provision of Housing Stock Asset Valuations 2022-2024.This contract will be for a period of 2 years commencing 9th January 2023 and expiring 8th January 2025.

The Council requires a supplier for the provision of its Housing Stock Asset Valuations for financial reporting purposes for a 2-year programme commencing for the fiscal year 2022/23. This will include a mixture of tenanted residential units of varying ages and character together with various garages.

The supplier is required to determine a valuation of the Housing stock assets held by the Council as identified in the Asset Register compiled annually and valued as of 19th February 2023 and each subsequent year for inclusion in the authority's balance sheet in accordance with the Chartered Institute of Public Finance and Accounting (CIPFA) Code of Practice. The supplier will review and give assurance that the values at the end of each financial year (31st March) will be materially correct and if necessary, update any valuations, where the movement is material.

Requirements/Specification

The supplier is required to provide a valuation of the city owned residential properties with photos and comparable evidence each year of the contract for inclusion in the authority's balance sheet in accordance with the Chartered Institute of Public Finance and Accounting (CIPFA) Code of Practice and as detailed within Appendix 1.

o The Council requires the Housing stock to be valued on the following basis:
o Traditional /main housing stock (Freehold and Leasehold)- Beacon approach
o Independent Garages - Investment Valuations
o High Rise Residential blocks of flats / Housing of non-traditional construction (Defective buildings) - Discounted Cash Flow (DCF) requiring updating existing spreadsheet.

To enable to the Council to achieve its objectives, the successful supplier(s) will be required to fulfil the following,
o Inspection and valuation for the year's asset valuation programme.
o Inspection and valuation of additional list of the year's assets
o Revision of valuations queried as part of the Quality Assurance process
o There are to be 2 weekly meetings with BCC to monitor progress and receive feedback and queries
o Provide final agreed valuations in the excel spreadsheet provided by BCC
o Respond and resolve any external audit enquiry

N.B: The above is an outline specification, and a more detailed specification is provided in Appendix 1.

The Council will be using its free to use e-tendering system (in-tend) for the administration of this procurement process and potential suppliers must register with the system to be able to express an interest. If you wish to express an interest in this opportunity, please click on the following link to access https://in-tendhost.co.uk/birminghamcc/ and submit your details to register. You will then be sent details on how to log on w...

More information

Links

Additional text

Is a Recurrent Procurement Type? : No

About the buyer

Contact name

Tina Nandra

Address

1 Lancaster Circus
Birmingham
West Midlands
B4 7DJ
United Kingdom

Telephone

0121 303 0020

Email

Tina.K.Nandra@birmingham.gov.uk