Published date: 14 October 2019

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


Closing: 7 October 2019

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

Email

etendering@homesengland.gov.uk