Contract award · 4 Feb 2025

Framework Agreement for the Appointment of an Independent Property Valuer

Staffordshire County Council awarded “Framework Agreement for the Appointment of an…” to Savills (UK) Limited, Knight Frank Llp, Cbre for £6m.

Real estate servicesWest Midlands

Value across 3 lots £6m

Open competition

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

Key facts

Buyer
Staffordshire County Council · Regional or local authority
Value
£6,000,000 across 3 lots
Procedure
Open procedure
Sector
Real estate services · Non-residential property services (CPV 70332000)
Timeline
  1. Contract date4 Feb 2025
  2. Published20 Mar 2025Published 44 days after the contract date

Description

The Framework is for an agreement between the appointed Supplier(s) and Staffordshire County Council, acting in its capacity as the administering authority of the Staffordshire Pension Fund, to supply an independent property valuation service for the Local Government Pension Fund Property Portfolio in accordance with the terms as agreed within the Framework. The Framework will be for a period of 4 years. 1 February 2025 - 31 January 2029. Individual call offs from the intended parties can be for a period of up to no more than 5 years. Following the formation of LGPS asset pools in 2018, Staffordshire Pension Fund is part of the LGPS Central Pool. Along with 7 other Partner Funds. For this Procurement the County Council is allowing the following Bodies to utilise the contract - • Cheshire Pension Fund • Cheshire West and Chester Council • Derbyshire Pension Fund • Leicestershire Pension Fund • Nottinghamshire Pension Fund • Shropshire County Pension Fund • West Midlands Pension Fund (i…

Lots in this award

LotSupplierValue
Framework Agreement for the Appointment of an Independent Property ValuerSavills (UK) Limited£2m
Framework Agreement for the Appointment of an Independent Property ValuerKnight Frank Llp£2m
Framework Agreement for the Appointment of an Independent Property ValuerCbre£2m

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