AWARD OUTCOME
What happened
HMRC Valuation Office published a below-threshold direct award for RICS Rating Diploma-related training covering 24 months. The published award names RICS LIMITED (company number 06434791) as supplier, but the award record is pending and shows a future signature milestone; it should not be treated as a signed or active contract.
Published outcomeOne pending award is recorded for lot 1, with an award value of £19,500 excluding gross-value treatment and £23,400 gross as published.
Market significanceThis is a small, specialist professional-training procurement without competition, focused on RICS qualification and professional-development requirements for surveyors.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
RICS LIMITED
95% confidenceAward 1 · Lots 1 · £19,500 net; £23,400 gross (shared award value) GBP · Verified legal identity; award pending
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The supplier record matches Companies House number 06434791 to verified company name RICS LIMITED. Award 1 names source supplier RICS INTERNATIONAL LTD and records amounts of £19,500 and £23,400 gross.
LIFECYCLE
Award or contract stage
Notice publication
99% confidence8 October 2026, 14:12 BST
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The UK5 transparency notice was published at 2026-10-08T14:12:55+01:00.
Award status
99% confidencePending
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Award 1 has status 'pending'.
Signature milestone
99% confidenceScheduled for 8 October 2026, 23:59:59 BST
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Award 1 contains a futureSignatureDate milestone with status 'scheduled'.
Planned contract period
98% confidence8 October 2026 to 7 October 2028
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Award 1 specifies contractPeriod startDate 2026-10-08 and endDate 2028-10-07.
VALUES
Published values explained
Published award value
99% confidence£19,500
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Award 1 value.amount is 19500 GBP.
Published gross award value
99% confidence£23,400
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Award 1 value.amountGross is 23400 GBP.
TIMELINE
Procurement timeline
Publication date
99% confidence8 October 2026
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Transparency notice 095246-2026 was published on 2026-10-08.
Scheduled signature date
99% confidence8 October 2026
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The futureSignatureDate milestone is due on 2026-10-08.
Planned end date
98% confidence7 October 2028
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Award 1 contractPeriod endDate is 2028-10-07.
SCOPE
What was awarded
Requirement
97% confidenceRICS Rating Diploma, Assessment of Professional Competence and candidate-registration training
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The notice describes 24 months of training for RICS Rating Diploma, Assessment of Professional Competence and Candidate Registrations for Autumn 2026-28.
Category
99% confidenceEducation and training services
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Award item classification is CPV 80000000, Education and training services.
Delivery geography
98% confidenceUnited Kingdom
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Award delivery address is recorded as UK, GB.
Lot
99% confidenceLot 1; no published lot title or description
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Award 1 is related to lot 1, whose supplied title and description are null.
PROCEDURE
Procedure and competition
Procurement method
99% confidenceDirect
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Tender procurementMethod is 'direct'.
Competition basis
99% confidenceBelow threshold - without competition
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Tender procurementMethodDetails states 'Below threshold - without competition'.
Above-threshold status
99% confidenceNo
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Award 1 records aboveThreshold as false.
CONTRACT TERMS
Published contract terms
Status of contract conclusion
99% confidenceNot evidenced as signed or active
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The award is pending and the signature milestone is scheduled; the supplied data does not confirm signature or contract conclusion.
Planned duration
98% confidenceApproximately 24 months
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The published contract period runs from 8 October 2026 to 7 October 2028; the description also refers to 24 months of training.
COMMERCIAL VIEW
Commercial observations
Market route
96% confidenceSpecialist training requirement procured directly below threshold without competition.
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The description concerns RICS-specific qualification training and the procurement method is direct, below threshold without competition.
Award allocation
99% confidenceOne award covers the single published lot.
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Award 1 is related to lot 1 and only lot 1 is supplied.
DATA QUALITY
Gaps and source limitations
Pending award versus contract status
99% confidenceThe notice is labelled as an awarded contract, but the underlying award status is pending and signature is only scheduled. It is therefore not evidence of a signed or active contract.
View supporting evidence
Award 1 status is pending; its futureSignatureDate milestone is scheduled.
Supplier-name discrepancy
99% confidenceThe source names RICS INTERNATIONAL LTD, while company-number verification identifies RICS LIMITED. The verified legal name is used in this analysis.
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supplier_name_mismatch is true; company number 06434791 is verified to RICS LIMITED.
Supplier-status caution
95% confidenceThe supplied verification record reports the matched company as dissolved. The notice does not explain the apparent inconsistency with the pending award.
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supplierVerification lists verifiedCompanyStatus as Dissolved, while award 1 is pending.
Unpublished information
99% confidenceInformation not supplied in the published notice includes bid counts, evaluation rationale, pricing breakdown, lot description, extension terms and contract-signature confirmation.
View supporting evidence
These fields are absent or null in the supplied records.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- The published record does not confirm that the pending award was signed, concluded or active.
- The source supplier name differs from the verified legal company name; the source does not explain the difference.
- The verification record reports RICS LIMITED as dissolved, but the supplied notice does not explain this alongside the pending award.
- No bid count, evaluation information, award rationale, detailed pricing, lot description, extension option or renewal option is supplied.
MARKET THEMES
Relevant award themes
HMRC Valuation OfficeRICS Rating Diploma CoursesRICS LIMITEDprofessional trainingdirect awardFind a Tender
COMMON QUESTIONS
About this award
Who is named for the award?
The verified legal supplier identity is RICS LIMITED, company number 06434791. The source notice names RICS INTERNATIONAL LTD.
Has the contract been signed?
Not evidenced by the supplied data. The award is pending and the signature milestone is scheduled.
What is the published value?
£19,500, with a published gross amount of £23,400.
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.