Contract award · 23 Dec 2024

RMCB 051 Asset Valuation Programme

Shropshire Council awarded “RMCB 051 Asset Valuation Programme” to Bruton Knowles Ltd for £190k on 23 Dec 2024.

Real estate servicesWest Midlands

Value £190k

Open competition

Open procedure: the contract was advertised and any supplier could submit a bid.

Key facts

Buyer
Shropshire Council · Regional or local authority
Value
£190,000
Procedure
Open procedure
Sector
Real estate services · Non-residential property services (CPV 70332000)
Timeline
  1. Contract date23 Dec 2024
  2. Published25 Feb 2025Published 64 days after the contract date

Description

This is an award notice for an RICS Regulated firm to provide valuation services for the annual asset valuation programme and ad hoc valuation advice as required. The Council holds a diverse land and property portfolio of around 460 assets, all located within the county and with a balance sheet value of c.£500m. Shropshire itself is a rural county with a population of 327,200 across the County town of Shrewsbury, market towns and rural settlements. Property assets include commercial retail, office and industrial sites, accommodation properties, schools, car parks, waste and highways sites, smallholdings and land held on both freehold and leasehold titles. The assets are held as either Investment or Property Plant and Equipment, Surplus or Held for Sale categories. The appointed valuers will need to be qualified and competent to value all types of freehold and leasehold property asset, complying with both the requirements of the RICS Valuation Standards and CIPFA regulations. Valuation…

About the supplier

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