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Realty Valuation Services


Tender Closed
RFx ID : 19445574
Tender Name : Realty Valuation Services
Reference # : 662 Restricted Tender
Open Date : Wednesday, 14 February 2018 9:00 AM (Pacific/Auckland UTC+13:00)
Close Date : Monday, 26 February 2018 3:00 PM (Pacific/Auckland UTC+13:00)
Tender Type : Request for Quotations (RFQ)
Tender Coverage : Sole Agency  [?]
Categories :
  • 83000000 - Public Utilities and Public Sector Related Services
  • 84000000 - Financial and Insurance Services
  • New Zealand
Exemption Reason : None
Required Pre-qualifications : None
Contact : Nerida Kelly
Alternate Physical Delivery Address  :
Alternate Physical Fax Number  :
Agency Address :

MBIE needs property valuation services for their Insolvency and Trustee Service (ITS) and Criminal Proceeds Integrity and Enforcement (CPIE) teams. This is a great opportunity to build a strong relationship with two key operational areas of MBIE that provide regular business.

MBIE regularly comes into possession of properties through the administration of bankruptcies and liquidations, and its dealings with criminal proceeds on behalf of the Official Assignee for New Zealand (OANZ). These properties can have a national spread and are ultimately realised in the case of insolvent estates, or restrained and/or forfeited in the case of criminal proceeds. We require a service that can value these properties accurately. Criminal proceeds also require formal valuations for Court proceedings and police reports, both at the time of seizure and again at the time of sale.

The Ministry is looking for credible providers who offer the most effective services and have nationwide reach. The nature of the work carried out means that efficiency, security, accuracy and reliability are important. Providers will need to have capability and experience, as well as a good track record in valuations.

Awarded Status

This tender has been awarded to

  • Quotable Value Ltd (Darroch)

Further Award Information:
The Ministry of Business, Innovation and Employment (15 Stout Street, Wellington) have awarded the contract for (Property) Valuation Services to Quotable Value Ltd.

The services rendered under the contract will be valuation services for real property that is either vested in, restrained, or forfeited to the Official Assignee of New Zealand.

The contract was awarded on 25/10/2018

The contract term is two years with two one year options to renew.

The expected spend under the contract is between $100,000 to $120,000 per annum.

This was a secondary procurement process under the Property Consultancy Panel. A closed RFQ approach was used.

The Ministry would like to apologise to all suppliers involved in this process for the significant delays suffered throughout the process.

Award Date: Friday, 26 October 2018 9:56 AM (Pacific/Auckland UTC+13:00)