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Official procurement procedure

P23-0122: Scottish Enterprise Investment Property Portfolio – Asset Valuation Service

Building sale or purchase services
Buying and selling of real estate
Land sale or purchase services
+3 more
Scotland (UKM)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Scottish Enterprise: "P23-0122: Scottish Enterprise Investment Property Portfolio – Asset Valuation Service". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityScottish EnterpriseScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Scottish Enterprise
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Scottish Enterprise. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Average Price Reduction
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
4.7Bids / Report
15.4% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 107 active published awards; 104 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Price reduction compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityScottish Enterprise
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published1 Aug 2023, 15:37 BST
Last source update1 Aug 2023, 15:37 BST
Recurring procurementNot published
ClassificationBuilding sale or purchase services, Buying and selling of real estate, Land sale or purchase services, Non-residential property services, Real estate agency services on a fee or contract basis, Real estate services
Delivery area
Scotland (UKM)
OCIDocds-h6vhtk-03c59f
What is being bought
Scottish Enterprise is seeking to commission a supplier to provide a property asset valuation service for Scottish Enterprise’s investment property portfolio. The value of the land and property assets is required to ensure that the value of the property assets of Scottish Enterprise are properly represented in its financial accounts and is to be carried out in accordance with the RICS Appraisal and Valuation Standards. The requirement is to prepare bi-annual and annual valuations of the properties on the basis of “fair value” which to all intents and purposes will be the open market value. Scottish Enterprise’s investment property portfolio is currently valued at GBP149M (as of March 2023), and comprises: - Industrial buildings - Offices - Business parks - Business centres - Energy, Science and Technology parks - Development land - Other property interests This contract will for a three-year period commencing on c.1 August 2023. After this time, Scottish Enterprise will have the option to extend the contract for a further one-year period. The anticipated value of the contract over the maximum four year duration is anticipated as being between GBP200,000 and GBP300,000 (excl VAT).
What changed
From the official release history
  1. tender value changed
    1 Aug 2023, 15:37 BST
  2. Status changed to complete
    1 Aug 2023, 15:37 BST
  3. Official notice release published
    1 Aug 2023, 15:37 BST
  4. Submission deadline changed to published date
    1 Aug 2023, 15:37 BST
  5. Published value updated to £300,000
    2 May 2023, 13:54 BST
  6. Status changed to active
    2 May 2023, 13:54 BST
  7. Official notice release published
    2 May 2023, 13:54 BST
  8. Submission deadline changed to 6 Jun 2023, 11:00 BST
    2 May 2023, 13:54 BST
  9. Buyer information updated
    2 May 2023, 13:54 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    Scottish Enterprise is seeking to commission a supplier to provide a property asset valuation service for Scottish Enterprise’s investment property portfolio. The value of the land and property assets is required to ensure that the value of the property assets of Scottish Enterprise are properly represented in its financial accounts and is to be carried out in accordance with the RICS Appraisal and Valuation Standards. The requirement is to prepare bi-annual and annual valuations of the properties on the basis of “fair value” which to all intents and purposes will be the open market value. Scottish Enterprise’s investment property portfolio is currently valued at GBP149M (as of March 2023), and comprises: - Industrial buildings - Offices - Business parks - Business centres - Energy, Science and Technology parks - Development land - Other property interests This contract will for a three-year period commencing on c.1 August 2023. After this time, Scottish Enterprise will have the option to extend the contract for a further one-year period. The anticipated value of the contract over the maximum four year duration is anticipated as being between GBP200,000 and GBP300,000 (excl VAT). Additional information: Economic operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    1 Aug 2023, 15:37 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 1 Aug 2023, 00:00 BST · £237,000
Commercial outcome and competition
Awards
Graham + Sibbald
Not published · Not published · active
Contracts
Contract
£237,000 · signed 1 Aug 2023, 00:00 BST · active
Bid statistics
bids: 8 (lot 1)
electronicBids: 8 (lot 1)
foreignBidsFromEU: 0 (lot 1)
foreignBidsFromNonEU: 8 (lot 1)
smeBids: 1 (lot 1)
Buyer and organisations in this procedure

Scottish Enterprise

Contracting authority GB-FTS-1478
View buyer profile

  • Scottish Enterprise
    buyer

    Atrium Court, 50 Waterloo Street, Glasgow, UKM82, G2 6HQ
    adam.cunningham@scotent.co.uk

  • Glasgow Sheriff Court and Justice of the Peace Court
    reviewBody

    Sheriff Clerk’s Office, PO Box 23, 1 Carlton Place, Glasgow, G5 9DA
    +44 1414298888

  • Graham + Sibbald
    supplier

    233 St Vincent Street, Glasgow, UKM, G2 5QY

  • Scottish Government
    mediationBody
    reviewContactPoint

    5 Atlantic Quay, 150 Broomielaw, Glasgow, G2 8LU
    SPOEprocurement@scotland.gsi.gov.uk
    +44 1412425466
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published