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

Closed

Submission Deadline Has Passed

This tender's submission deadline has passed and is no longer accepting applications. The information below is kept for reference purposes.

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Deadline
Expired
August 01, 2023
Contract Details
Category
Open Procedure
Reference
022353-2023
Value
£237,000
Location
Scotland, United Kingdom
Published
April 21, 2026
Organization
Scottish Enterprise
CPV Code
Project Timeline

Tender Published

August 01, 2023

Deadline for Questions

July 25, 2023

Submission Deadline

August 01, 2023

View Original
Budget
£237,000
Duration
Not specified
Location
Scotland
Type
Open Procedure

Original Tender 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).

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Basic Requirements

  • Company registration in EU required
  • Proven track record in similar projects
  • Financial stability documentation

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