Published date: 12 August 2021

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 11 May 2021, 12pm

Contract summary

Industry

  • Real estate services - 70000000

Location of contract

North East, North West, Yorkshire and the Humber, East Midlands, West Midlands, East of England, London, South East, South West

Value of contract

£1,512,100

Procurement reference

tender_267428/987736

Published date

12 August 2021

Closing date

11 May 2021

Closing time

12pm

Contract start date

1 August 2021

Contract end date

31 July 2024

Contract type

Service contract

Procedure type

Call-off from a framework agreement

A mini-competition or direct purchase from a pre-established framework agreement.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The Academies Land and Building Valuation Services contract is required to support the statutory requirement of the department to value the estates of academies to prepare for the Sector Annual Report and Accounts (SARA). Estate valuation is a specialist service for which the department does not possess suitable capability. The current contract, which includes a compliant 12-month extension, is due to expire on 31/08/2021.

To enable Sector Annual Report and Accounts to be published without qualification from the auditors, the number of academy schools for which Financial Reporting Division (FRD) must request a valuation is between 1,800 and 3,500 per annum.
The valuations will include both 'on-site' and 'desk based' assessments with an estimated split of between 10-20% of the valuations to be physical inspections. The exact percentage is to be suggested by the supplier and agreed with the FRD.
Additionally, International Financial Reporting Standard (IFRS) 16 is currently deferred until 1 April 2022; however once introduced will trigger a one-off increase in the number of valuations required.

More information

Attachments

Award information

Awarded date

19 July 2021

Contract start date

1 August 2021

Contract end date

31 July 2024

Total value of contract

£1,512,100

This contract was awarded to 1 supplier.

Montagu Evans LLP

Address

3 Bolton Street, London, W1J 8BA

Reference

Companies House number: OC312072

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Matthew Gregory

Address

Sanctuary Buildings, 20, Great Smith Street
London
SW1P 3BT
England

Telephone

44

Email

Matthew1.GREGORY@education.gov.uk