Purpose

Summary

Each year the Council needs to value 300-400
of its property assets to inform publication of its annual
accounts.
 
This is a significant and specialised project
for which, at present, the Council lacks the capacity and the
expertise.
 
It is proposed to outsource all of the 300-400
valuations to external specialist valuers and to obviate the need
to recruit such a specialist.
 
The Estates team has identified one such
specialist supplier, Wilks Head and Eve, that services several
other London local authorities for this purpose.

 

Decisions

To approve an award
of a contract for the annual statutory property valuation work to
Wilks Head and Eve under the direct award procedure through the
ESPO framework “the Framework”, incorporating the terms
of the Framework. The contract will run for a period of 3 years
with an option to extend the contract for up to 2 years, in
one-year increments. The annual contract value is £45,000.
Therefore, the total contract value is £225,000.
 
To provide authority
to officers, in line with the scheme of delegation, to implement
the required Framework contract requirements and deliver the
associated monitoring arrangements.