Published date: 14 October 2019
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Real estate services - 70000000
Location of contract
South East
Value of contract
£14,650
Procurement reference
HCA001-DN439923-43944763
Published date
14 October 2019
Closing date
7 October 2019
Contract start date
9 October 2019
Contract end date
30 November 2021
Contract type
Service contract
Procedure type
Not applicable
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
Homes England sought to appoint an Independent Valuation Firm ("Valuer") from its national Property Panel. The appointed Valuer will be required to provide an initial Red Book valuation for the development of 598 homes at the Northfleet Embankment site in Kent. The Reports are for lending security purposes in relation to a proposed recoverable investment facility from the Home Building Fund and will be used by Homes England as part of their initial and on-going Due Diligence. The Homes England Investment Transaction and Portfolio Management teams require these services to support the successful delivery of a recoverable investment transaction. The scope of reporting requirements included an initial Red Book valuation report by 21st October 2019, to include commentary on Land value (residual valuation), GDV, market absorption rates and competition, the Borrower assumptions included in their sales and marketing strategy, ongoing annual re-valuations may be required and should have been quoted for.
Award information
Awarded date
8 October 2019
Contract start date
9 October 2019
Contract end date
30 November 2021
Total value of contract
£14,650
This contract was awarded to 1 supplier.
GVA T/A Avison Young
Address
111 EDMUND STREET
Reference
None
Supplier is SME?
No
Supplier is VCSE?
No
About the buyer
Address
Windsor House
42-50 Victoria Street
London
SW1H 0TL
United Kingdom
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Closing: 7 October 2019
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