INVITATION TO TENDER FOR THE PROVISION OF PROPERTY ASSET CONSULTANCY SERVICES

Description

Basingstoke and Deane Borough Council BDBC is seeking to procure asset Valuation Consultancy Services for asset valuations to be included in the Councils accounts and financial statements. BDBC has a significant commercial property investment portfolio, all of which is to be valued by external consultants on an annual basis. The operational portfolio is also to be valued within this contract with a third of the operational portfolio valued each year of the contract. The investment element of the portfolio in March 2022 in terms of asset valuation was valued at circa GBP 339m and the operational and car park portfolio was valued at circa GBP 57m. BDBC wishes to procure asset valuation consultancy services in connection with the annual valuation of its property investment portfolio for the next 3 years with an option to BDBC to extend for a further year.