CNTR0010243 - Property Valuation Software - AWARD

Tender description

The Council requires a supplier for the provision of property valuation software that will allow BCCs to value the properties owned by BCC in order to comply with statutory requirement to provide valuations to the Auditors with the use of Depreciated Replacement Cost (DRC) method of valuation. This product needs to provide valuations, appraisals and analysis software to property professionals and makes such software applications available to Property Services via the internet. Property Services will require the application to carry out the annual Asset valuation rolling programme that contains Birmingham City Council property portfolio, it will be used for carrying out valuations for investment and specialist type properties ranging from single investments units to large shopping centres. It should provide a complete valuation solution for operational properties, allowing alternative approaches to componentisation and fully compliant with CIPFA standards. This combines industry standard valuation methodology with modern technology to significantly reduce the workload of regular valuations, the database holds an unlimited number of properties and any number of valuations for each property. This contract will be for a period of 3 year, commencing 01/04/2021 until 31/03/2024. This contract will not be automatically renewed on an after the initial 3-year term, performance of the provider to meet agreed SLA's and KPI's will be rigorously monitored throughout the term. The Council will reserve the right to Terminate for convenience (as detailed in BCC's standard Terms & Conditions). The Council will be using its free to use e-tendering system (in-tend) for the administration of this procurement process and potential suppliers must register with the system to be able to express an interest. If you wish to express an interest in this opportunity please click on the following link to access https://in-tendhost.co.uk/birminghamcc/ and submit your details to register. You will then be sent details on how to log on which will enable you to download all relevant Invitation to Tender (ITT) documentation. If you are unable to register with In-tend or have any questions or problems on how to use this web site please either email us at: cps@birmingham.gov.uk or call CPS Helpdesk on 0121 464 8000. Your completed quotation submission should be returned by noon on 29th January 2021 via the 'in-tend' system https://in-tendhost.co.uk/birminghamcc