RFP QuestBeta
ClosedStage · tender

Mansfield District Council

Investment Property Valuations-National Locations

Real EstateCPV 70000000
Value£150k
Deadline18 Jul 2025
Published20 Jun 2025
RegionNationwide
Timeline
Published 20 Jun 2025ClosedCloses 18 Jul 2025
Who to contact
procurement@mansfield.gov.uk

The procurement contact named on the official notice.

How to submit
Open the submissions portal

The submission route named on the official notice.

Contract value in context
£150ktotal contract value
median £100k
this tender£0£4.3m

This sits in the upper-middle of the Real Estate Services band — a substantial contract for the sector. Based on 3,366 valued Real Estate Services tenders in our corpus.

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The brief

Nottinghamshire County Council (the Council) is seeking tenders, 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 five-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 5-year contract.

The Council also requires the Valuer to undertake reinstatement replacement cost assessments for 6 properties for insurance purposes.

These will only be required in one year of the contract term.

MDC require a Single Supplier to carry out this work.

Contract length is 5 years with no extensions available.

Estimated contract start date is 1st November 2025.

Key requirements

What the supplier must deliver

01

To comply with these requirements the Council

To comply with these requirements the Council intends to appoint an appropriately experienced and qualified firm of valuers (hereinafter "the Valuer) on a five-year contract to undertake annual asset valuations of the Council's investment portfolio for financial reporting purposes.

Derived from the notice text — always confirm against the original documents.

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Source & provenance
OCID
ocds-h6vhtk-055141
Stage
tender · Open
Source
Find a Tender
Buyer ref
034194-2025
View the original notice on Find a Tender

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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