Awarded contract

Land and Buildings Asset Valuation

Details

Value
£73,050
Duration
3 years
Topic
Real estate services
Published
14 January 2025

Tender description

King's College Hospital NHS Foundation Trust, through King's Interventional Facilities Management (KFM), has awarded a contract for the provision of a desktop asset valuation of its properties for financial reporting purposes. The valuation will cover three key sites: King's College Hospital (Denmark Hill), Princess Royal University Hospital (Orpington), and Orpington Hospital, reflecting a valuation date of 31st March 2025, 2026 and 2027. The appointed supplier will deliver the valuation in accordance with the RICS Valuation - Global Standards (2022), incorporating Modern Equivalent Asset (MEA) assessments. Deliverables include a draft valuation report and a comprehensive final valuation report.

Timeline

  1. Completed: Award date20 December 2024
  2. Completed: Award published14 January 2025
    Current notice
  3. Next: Contract expiry date19 December 2027in 14 months

About the buyer

Kings Facility Management, known as KFM, is a wholly owned subsidiary of King's College Hospital NHS Foundation Trust. KFM manages procurement activity on behalf of the Trust. The Trust's sites include King's College Hospital, Princess Royal University Hospital and Orpington Hospital.

Over the past 5 years, most of Kings Facility Management's contract awards have been in medical equipment and pharmaceuticals, repair and maintenance and food and drink.

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Decision makers

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