Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
Tower Hamlets
New Town Hall, 160 Whitechapel Road London
London
E1 1BJ
UK
Contact person: Mr Simon Waller
Telephone: +44 2073644013
E-mail: simon.waller@towerhamlets.gov.uk
NUTS: UKI
Internet address(es)
Main address: http://www.towerhamlets.gov.uk
Address of the buyer profile: http://www.towerhamlets.gov.uk
I.4) Type of the contracting authority
Regional or local authority
I.5) Main activity
General public services
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
HAR5957 P5883 General Valuations
Reference number: DN702564
II.1.2) Main CPV code
71355000
II.1.3) Type of contract
Services
II.1.4) Short description
The Council are seeking to appoint a qualified Chartered Surveying company to deliver a range of specialist valuation services across its corporate property and housing estate, as set out below.
a) Lot 1 – Annual Asset Valuations for Accounting Purposes & Reinstatement Valuations for Insurance Purposes
Provide a comprehensive valuation service for accounting and insurance purposes. The contract also includes a Rating advice service, identifying and appealing compiled list errors, material change appeals and ad hoc requests such as Section 44a certificates and other temporary allowances or reductions.
b) Lot 2 – Rating Advice 2023 Rating List
Provide a Rating advice service, identifying and appealing compiled list errors, material change appeals and ad hoc requests such as Section 44a certificates and other temporary allowances or reductions.
II.1.6) Information about lots
This contract is divided into lots:
Yes
II.1.7) Total value of the procurement
Value excluding VAT:
877 400.00
GBP
II.2) Description
Lot No: 1
II.2.1) Title
HAR5957 Lot 1: Annual Asset Valuations for Accounting Purposes & Reinstatement Valuations for Insurance Purposes
II.2.2) Additional CPV code(s)
71355000
II.2.3) Place of performance
NUTS code:
UKI
II.2.4) Description of the procurement
Lot 1 – Annual Asset Valuations for Accounting Purposes & Reinstatement Vauations for Insurance Purposes
Provide a comprehensive valuation service for accounting and insurance purposes. The contract also includes a Rating advice service, identifying and appealing compiled list errors, material change appeals and ad hoc requests such as Section 44a certificates and other temporary allowances or reductions.
II.2.5) Award criteria
Cost criterion: price is not the only criterion
/ Weighting: 0
II.2.11) Information about options
Options:
Yes
Description of options:
Contract Start Date: 13th January 2025
Contract Review Date: 12th January 2028
Contract End Date:12th January 2029 (3 + 1)
Contract Duration: 3 + 1 years
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Lot No: 2
II.2.2) Additional CPV code(s)
71355000
II.2.3) Place of performance
NUTS code:
UKI
II.2.4) Description of the procurement
Lot 2 – Rating Advice 2023 Rating List
Provide a Rating advice service, identifying and appealing compiled list errors, material change appeals and ad hoc requests such as Section 44a certificates and other temporary allowances or reductions.
II.2.5) Award criteria
Cost criterion: price is not the only criteria
/ Weighting: 0
II.2.11) Information about options
Options:
Yes
Description of options:
Contract Start Date: 13th January 2025
Contract Review Date: 12th January 2028
Contract End Date:12th January 2029 (3 + 1)
Contract Duration: 3 + 1 years
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2024/S 000-023937
Section V: Award of contract
Lot No: 1
Contract No: HAR5957
Title: HAR5957 P5883 Lot 1: Annual Asset Valuations for Accounting Purposes & Reinstatement Valuations for Insurance Purposes
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
30/01/2025
V.2.2) Information about tenders
Number of tenders received: 5
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Lambert Smith Hampton
55 Wells Street
London
W1T 3PT
UK
NUTS: UKI
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
: 827 400.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 2
Contract No: HAR5957
Title: HAR5957 P5883 Lot 2: Rating Advice 2023 Rating List
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
29/01/2025
V.2.2) Information about tenders
Number of tenders received: 5
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Wilks, Head & Eve LLP
Part 3rd Floor, 55 New Oxford Street
London
WC1A 1BS
UK
NUTS: UKI
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
: 50 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
Royal Courts of Justice
Strand
London
WC2A 2LL
UK
VI.5) Date of dispatch of this notice
15/07/2025