Contract award · 23 Dec 2024

Valuation of WBC Properties for Insurance Purposes - AWARD

West Berkshire Council awarded “Valuation of WBC Properties for Insurance Purposes - AWARD” to Wilks Head and Eve for £36,200 on 23 Dec 2024.

Financial & insurance servicesSouth East

Value £36,200

Open competition

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

Key facts

Buyer
West Berkshire Council · Regional or local authority
Value
£36,200
Procedure
Open procedure
Sector
Financial & insurance services · Financial and insurance services (CPV 66000000)
Timeline
  1. Contract date23 Dec 2024
  2. Published17 Jan 2025Published 25 days after the contract date

Description

Currently we have a 5 year rolling programme of insurance valuations for all the Council's properties which is coming to an end. We now wish to procure a company to carry out a 5-year programme of rolling insurance valuations with approximately 20% valued each year. In 2018 West Berkshire Council commenced the acquisition of a commercial Property Investment Portfolio which currently comprises of eight investment properties scattered geographically across the UK (though it is envisaged to dispose of these over the course of this contract). In addition, the council owns two small industrial estates and six stand-alone properties locally that are also categorised as investment properties. The council also owns approximately 300 operational properties including community centres, schools, libraries, toilets, caretakers and homeless persons residential accommodation, farms, etc.

About the supplier

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