Tender Summary

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

Buying Organisation

Scottish Enterprise

Contract Value

£300,000

Tender Description

Scottish Enterprise is seeking to commission a supplier to provide a property asset valuation service for Scottish Enterprises 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 Enterprises 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).

Tender categories (products & services required)

Real estate services (CPV 70000000)
Real estate agency services on a fee or contract basis (CPV 70300000)
Non-residential property services (CPV 70332000)
Building sale or purchase services (CPV 70121000)
Land sale or purchase services (CPV 70122000)
Buying and selling of real estate (CPV 70120000)

Region

Scotland (UKM)

Buyer Information