Award

Asset Valuation Insurance

ESSEX COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

21 Feb 2026 at 18:09

Award Notice
Summary of the contracting process

The procurement process for the "Asset Valuation Insurance" contract has been completed by Essex County Council. This contract encompasses professional asset valuation services within the architectural, engineering, and surveying services industry category. Covering a location in Chelmsford with postal code CM7 9HB, the contract was awarded to NPS Property Consultants Limited on 15th November 2025, with the contract period commencing on 17th November 2025 and concluding on 31st March 2030. The procurement was conducted through a selective method via a call-off from a framework agreement.

This tender presents significant business growth opportunities, especially for firms specialising in asset valuation within the public finance sector. With an overall contract value of £103,636.62, businesses that are SMEs are particularly well-suited to compete in such tenders due to their ability to offer specialised services efficiently. The long-term contract duration ensures a stable engagement, allowing businesses to strategically plan and allocate resources over several years, thus fostering potential growth and expansion within the public sector market.

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Notice Information

Notice Title

Asset Valuation Insurance

Notice Description

The contract has been awarded for the provision of professional asset valuation services to a suitably qualified valuation firm. The contract will run for a period of five years (an initial three year term with the option to extend for a further two years.) It is required to maintain accurate buildings insurance valuations for all properties for which it holds responsibility. These valuations support in ensuring that appropriate insurance cover is maintained. The appointed supplier will undertake asset valuation each year, to meet its statutory financial reporting obligations under the Chartered Institute of Public Finance and Accountancy, (CIPFA) Code of Practice on Local Authority Accounting in the United Kingdom.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-17a24a0d-ae23-44ec-8a64-fdd3b35f049e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/de5a1d9a-204e-4846-a672-151fc488782c
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

71 - Architectural, construction, engineering and inspection services

CPV Codes

71250000 - Architectural, engineering and surveying services

Notice Value(s)

Tender Value
£103,636 £100K-£500K
Lots Value
Not specified
Awards Value
£103,636 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
21 Feb 20262 days ago
Submission Deadline
7 Nov 2025Expired
Future Notice Date
Not specified
Award Date
15 Nov 20253 months ago
Contract Period
17 Nov 2025 - 31 Mar 2030 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
ESSEX COUNTY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CHELMSFORD
Postcode
CM1 1QH
Post Town
Chelmsford
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH3 Essex
Small Region (ITL 3)
TLH36 Heart of Essex
Delivery Location
Not specified
Local Authority
Chelmsford
Electoral Ward
Moulsham and Central
Westminster Constituency
Chelmsford

Supplier Information

Number of Suppliers
1
Supplier Name

NPS PROPERTY CONSULTANTS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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