Source: https://tendernation.io/opportunities/01a13c33-0f21-718d-908b-9d888b7c53b5/homes-england-property-framework-valuation-of-northfleet-embankment-kent

awarded GB open procedure Suitable for SMEs

# Homes England - Property Framework - Valuation of Northfleet Embankment - Kent

[Homes England (the name adopted by the Homes and Communities Agency)](https://tendernation.io/buyers/homes-england-the-name-adopted-by-the-homes-and-communities-agency)

Estimated value

£14,650

Published

14 Oct 2019

Deadline

Closed

7 Oct 2019

## Who can bid

- Buyer says suitable for SMEs

    The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid.
- Small contract value

    Valued under £135,018 including VAT, the lowest Procurement Act threshold for goods and services.
- Sets up a framework

    Winning a place does not guarantee work: contracts are awarded later as call-offs, and the list usually stays closed for years.
- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

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## About this tender

Homes England sought to appoint an Independent Valuation Firm ("Valuer") from its national Property Panel. The appointed Valuer will be required to provide an initial Red Book valuation for the development of 598 homes at the Northfleet Embankment site in Kent. The Reports are for lending security purposes in relation to a proposed recoverable investment facility from the Home Building Fund and will be used by Homes England as part of their initial and on-going Due Diligence. The Homes England Investment Transaction and Portfolio Management teams require these services to support the successful delivery of a recoverable investment transaction. The scope of reporting requirements included an initial Red Book valuation report by 21st October 2019, to include commentary on Land value (residual valuation), GDV, market absorption rates and competition, the Borrower assumptions included in their sales and marketing strategy, ongoing annual re-valuations may be required and should have been quoted for.

## CPV classification

Real estate services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/02535256-b09d-40ad-9a38-1d277bff3f50)

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[Buyer profile Homes England (the name adopted by the Homes and Communities Agency): past awards and live tenders](https://tendernation.io/buyers/homes-england-the-name-adopted-by-the-homes-and-communities-agency) [Sector More Real estate services tenders](https://tendernation.io/sectors/real-estate-services)

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