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

Scottish Enterprise Published 1 Aug 2023 Public Contracts Scotland

key details

Value£300,000
Statuscomplete
Category (CPV) 70000000 +5 more
RegionScotland
Deadline6 Jun 2023
Procedureopen
OCIDocds-h6vhtk-03c59f

Award

SupplierValueDateStatus
Graham + Sibbald · · active

description

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).

documents

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notice history

2 notices published against this procurement.

PublishedTypeRegimeNotice
2 May 2023 Contract notice (F02) Earlier regulations 012514-2023
1 Aug 2023 Contract award notice (F03) Earlier regulations 022353-2023

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source

Published on Public Contracts Scotland. Contact details for named individuals are not reproduced on this site.