AWARD OUTCOME
What happened
Coventry City Council has concluded a contract with LAMBERT SMITH HAMPTON GROUP LIMITED for annual valuation of property assets in the council asset register for financial-reporting purposes.
Published outcomeThe supplier received the active award for lot 1 under an open procedure. The contract record states it was signed and started on 19 October 2026.
Market significanceThis is a £308,375 net property-valuation and financial-reporting services contract, with a potential two-year extension.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
LAMBERT SMITH HAMPTON GROUP LIMITED
99% confidenceAward 1 · Lots 1 · 308375 GBP · active
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Verified supplier identity is LAMBERT SMITH HAMPTON GROUP LIMITED (company number 02521225); award 1 names the supplier, relates to lot 1, and is active. The £308,375 amount is the contract-level net value for contract 1, which is linked only to award 1.
LIFECYCLE
Award or contract stage
Tender notice published
98% confidence23 June 2026
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Release history lists Tender notice on Find a Tender dated 2026-06-23.
Award notice published
98% confidence25 August 2026
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Release history lists Contract award notice on Find a Tender dated 2026-08-25.
Contract signed
99% confidence19 October 2026
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Contract 1 records dateSigned as 2026-10-19.
Contract start
99% confidence19 October 2026
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Contract 1 period startDate is 2026-10-19.
Contract details notice published
99% confidence20 October 2026
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Contract document 098779-2026 and release history are dated 2026-10-20.
Current recorded status
98% confidenceActive
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Award 1 and contract 1 are each marked active.
VALUES
Published values explained
Contract value (net)
99% confidence£308,375
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Contract 1 value amount is 308375 GBP.
Contract value (gross)
99% confidence£370,050
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Contract 1 value amountGross is 370050 GBP.
VAT element implied by published net and gross values
98% confidence£61,675
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Calculated as £370,050 gross less £308,375 net.
TIMELINE
Procurement timeline
Initial term
99% confidence19 October 2026 to 18 October 2029
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Contract 1 period runs from 2026-10-19 to 2029-10-18.
Maximum possible end date
99% confidence18 October 2031
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Contract 1 maxExtentDate is 2031-10-18.
SCOPE
What was awarded
Requirement
99% confidenceAnnual valuation of property assets in Coventry City Council's asset register for inclusion in the annual balance sheet and financial reporting.
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Tender title and description state this requirement.
Main procurement category
99% confidenceServices
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Award 1 mainProcurementCategory is services.
Lot coverage
99% confidenceLot 1
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Award 1 item and relatedLots both reference lot 1.
Published service classifications
98% confidencePortfolio management; financial consultancy; building services consultancy; business and management consultancy; financial management consultancy.
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Award item lists CPV 66140000, 66171000, 71315210, 79410000 and 79412000.
PROCEDURE
Procedure and competition
Procedure
99% confidenceOpen procedure
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Tender procurementMethodDetails is Open procedure.
Competition information
98% confidenceNumber of tenders, bidder identities, evaluation scores and award rationale were not supplied in the published data.
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No such fields are present in the supplied notice data.
CONTRACT TERMS
Published contract terms
Contract status
99% confidenceActive
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Contract 1 status is active.
Extension option
99% confidenceOne possible extension increment of two years.
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Contract renewal states: '1 increment of 2 years to an expiry date no later than 18 October 2031'.
Maximum term
98% confidenceUp to five years, if the stated extension is used.
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Initial period ends 18 October 2029 and maximum extent ends 18 October 2031.
COMMERCIAL VIEW
Commercial observations
Commercial structure
99% confidenceA single active award covers the sole published lot.
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The tender contains lot 1; award 1 is linked to lot 1; contract 1 is linked to award 1.
Buyer need
99% confidenceThe service supports annual balance-sheet reporting through external valuation of council property assets.
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Tender description states that valuations will be incorporated into the council's annual balance sheet for financial reporting.
DATA QUALITY
Gaps and source limitations
Award and contract evidence
99% confidenceThe record provides both an award notice and a later contract details notice, including an explicit signing date and active contract period.
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Release history shows notices dated 25 August and 20 October 2026; contract 1 has dateSigned, period dates and active status.
Lot detail
99% confidenceLot 1 has no published title, description or standalone value.
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Lot 1 title, description and value fields are null.
Competition and evaluation detail
98% confidenceInformation not supplied in the published notice data.
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No bid count, scoring, pricing breakdown or award-rationale fields are supplied.
Conflict-of-interest publication
99% confidenceThe conflict-of-interest document is marked 'Not published'.
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Tender documents include conflictOfInterest with description Not published.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- Lot 1 has no published title, description or individual value.
- Information not supplied in the published notice data includes bidder numbers, bid prices, evaluation criteria or scores, award rationale, and detailed pricing.
- The published data does not state whether the extension option will be exercised.
- The conflict-of-interest document is marked as not published.
MARKET THEMES
Relevant award themes
Coventry City CouncilLAMBERT SMITH HAMPTON GROUP LIMITEDcorporate property valuationasset valuationfinancial reportingpublic procurement
COMMON QUESTIONS
About this award
Who won Coventry City Council's Corporate Property Annual Asset Valuation 2026 contract?
LAMBERT SMITH HAMPTON GROUP LIMITED won the active award for lot 1.
What is the contract value?
The published contract value is £308,375 net and £370,050 gross.
When does the contract run?
The initial term runs from 19 October 2026 to 18 October 2029, with one possible two-year extension to 18 October 2031.
What services are covered?
Annual valuations of property assets in Coventry City Council's asset register for annual balance-sheet and financial-reporting purposes.
ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.