Expired contract

Fixed Asset Valuation

Details

Value
£196,000
Duration
2 years
Topic
Real estate services
Published
19 February 2024

Tender description

Leicestershire County Council owns approximately 1,000 property assets with a total asset value of £358m. The Council is currently seeking to appoint a consultant to undertake 20% of the asset valuations.\\\\r\\r\r \\\\r\\r\r The consultant will provide a fixed asset valuation service for financial reporting and will cover all operational and non-operational properties owned by the council.\\\\r\\r\r \\\\r\\r\r This valuation is part of a 5-year cycle, with 266 properties to be valued in the 2023-2024 period. The contract will begin on March 31, 2023, or as agreed, and will initially last for 2 years, with the option to extend for an additional 2 years.

Timeline

  1. Completed: Award date17 April 2023
  2. Completed: Award published19 February 2024
    Current notice
  3. Completed: Contract expiry date16 April 2025

About the buyer

Leicestershire County Council buys as a local authority. Some contracts also run through frameworks set up by outside bodies, including ESPO, and suppliers apply to join those directly. The council itself trades nationally as ESPO, running framework agreements for public bodies nationwide. A two-year procurement plan on the council's open data site lists contracts still to come.

Over the past 5 years, most of Leicestershire County Council's contract awards have been in transport services, construction work and architectural and engineering services.

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