Official UK procurement notice
Investment Property Asset Valuations 2-year Contract
Authority: Mansfield District Council (Local council)·On behalf of: Nottinghamshire County Council
What is being bought
Published requirement descriptionNottinghamshire County Council (the Council) is seeking quotes, on behalf of Mansfield District Council (MDC), for the services as detailed below, nationwide geographical coverage is required.
Mansfield District Council owns and manages a portfolio of 10 investment properties.
The portfolio includes 9 UK wide properties and 1 shopping centre in Mansfield. The property mix includes a hotel, gym, office, supermarket, VW commercial vehicle sales/service centre, 2 x DIY retail, industrial, shopping centre and mixed office and residential long leasehold interest.
Under the requirements of the International Financial Reporting Standards (IFRS) the Council is obliged to accurately account for its property assets on an annual basis.
To comply with these requirements the Council intends to appoint an appropriately experienced and qualified firm of valuers (hereinafter "the Valuer) on a two-year contract to undertake annual asset valuations of the Council's investment portfolio for financial reporting purposes.
The Council is also obliged to carry out an annual Impairment to assess any material impact in the asset values from the valuation date (31st December) to the year-end date (31st March).
To satisfy this requirement the Council intends to incorporate this annual impairment review into the 2-year contract.
MDC require a Single Supplier to carry out this work.
Contract length is 2 years with no extensions available.
Estimated contract start date is 1st November 2025.
The lotProcurement structure
single lot · no lot value publishedProcedure terms & legal framework
From the official record- Procedure method
- Below threshold - limited competition
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 12 Aug 2026, 14:11 BST
- Last source update
- 12 Aug 2026, 14:11 BST
- Authority reference
DN789419- FTS notice number
2026/S 000-076815- Latest notice
- Contract details notice (UK7)
- Delivery area
- Official registry OCID
ocds-h6vhtk-06e2b0Find a Tender
Notice history
1 event · 1 release on Find a Tender- Contract details notice published12 Aug 2026, 14:11 BSTUK7
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Colliers International Property Advisers UK LLP | £21,000 † | — | Awarded |
Contracts
Investment Property Asset Valuations 2-year contract · Colliers International Property Advisers UK LLP
- Signed
- 18 Sept 2025
- Value
- £21,000
- Period
- 1 Nov 2025 – 31 Aug 2027
- Status
- active
Contracting authority & participating public bodies
2 public bodies on the noticeOther public bodies
- Nottinghamshire County CouncilProcess contact pointProcuring entityProcurement
Bidders & participating suppliers
1 commercial party on the notice- COLLIERS INTERNATIONAL PROPERTY ADVISERS UK LLPAwarded supplier
Official documents & specifications (1)
Official links; attachments are not copiedNotices published for this procedure
- Contract details notice Contract details notice on Find a Tender