Published date: 10 May 2021

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: 11 June 2021, 12pm

Contract summary

Industry

  • Accounting, auditing and fiscal services - 79200000

Location of contract

PO19 1RQ

Value of contract

£81,000 to £162,000

Procurement reference

CWSCC - 032643

Published date

10 May 2021

Closing date

11 June 2021

Closing time

12pm

Contract start date

1 October 2021

Contract end date

30 September 2024

Contract type

Service contract

Procedure type

Open procedure (below threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

This Request for Quotation (RFQ) is issued by WSCC to seek and identify suitably qualified and interested organisations for the provision of Pension Fund Independent Property Valuation Services (the Services).

The West Sussex Pension Fund was valued £4.1 billion at 31 March 2020. Fund membership comprises 28,851 contributors, 21,603 pensioners and 29,094 deferred pensioners. The fund was 112% funded at the 2019 actuarial valuation.

The fund is split into three areas:
• Balanced Portfolios (Equities and Bonds)
• Private Equity
• Property

The contract being tendered is for the provision of independent property valuation services for the UK portfolio presently managed by Aberdeen Standard, valued at approximately £366.1 million. The are 30 direct properties currently within the portfolio. The fund does not have any investment in independent property units / funds.

More information

Links

  • Tender notice
  • Additional information on how to apply for this contract

Additional text

Please see the enclosed tender pack at the following URL: https://in-tendhost.co.uk/sesharedservices/aspx/Login

Is a Recurrent Procurement Type? : No

About the buyer

Contact name

David Robinson (WSCC)

Address

West Street
Chicester
West Sussex
PO19 1RQ
United Kingdom

Telephone

03302 226995

Email

david.robinson@westsussex.gov.uk