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CWC26088 - Asset Valuation for Other Land and Building & Investment Properties

Wolverhampton City Council

This public procurement record has 1 release in its history.

Award

19 Oct 2026 at 13:49

Award Notice
Summary of the contracting process

Wolverhampton City Council commissioned periodic valuations of its operational and non-operational land and buildings, including investment properties. The work provides fair value and existing use value assessments for the Council’s financial reporting, capital strategy decisions and asset management. It supports preparation of the Council’s Statement of Accounts and compliance with local authority accounting requirements. This is a property valuation service, rather than a purchase of buildings or construction work, delivered for the Council’s asset portfolio in Wolverhampton, England.

The procurement is complete and was awarded to Wilks Head and Eve LLP. The Council made the award on 16 October 2026. The award value is £125,000, with a contract period from 19 October 2026 to 18 October 2031. The requirement was procured by direct award. The published procurement information does not state a separate evaluation basis or any lots. The original submission deadline was 16 October 2026. The opportunity was identified as suitable for small and medium-sized enterprises.

For property valuation firms, this award demonstrates demand from Wolverhampton City Council for a multi-year programme covering a significant and varied public-sector property portfolio, including operational and non-operational land and buildings and investment properties. A credible competitor would need to deliver periodic valuations that establish fair value and existing use value, and provide outputs suitable for the Council’s accounts, capital strategy and asset management. Experience applying local authority accounting requirements and relevant accounting standards is directly pertinent. The work was awarded through a direct award, so this outcome also shows the buyer’s chosen route for this requirement; it does not establish that the same route will be used for future work. The recorded award went to a large firm, while the opportunity was also identified as suitable for SMEs.

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Notice Information

Notice Title

CWC26088 - Asset Valuation for Other Land and Building & Investment Properties

Notice Description

The Council is required to undertake periodic valuations of its land and building assets to support the preparation of the Statement of Accounts and ensure compliance with the CIPFA Code of Practice on Local Authority Accounting and relevant accounting standards. The valuation programme covers a significant portfolio of operational and non-operational assets and provides the fair value and existing use value information required for financial reporting, capital strategy decision-making and asset management purposes.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5f409304-76dd-4b5c-b3da-26280448220b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b6b5b3e4-b700-4bc5-9d57-caa468259d71
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
£125,000 £100K-£500K
Lots Value
Not specified
Awards Value
£125,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Oct 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
16 Oct 20261 weeks ago
Contract Period
19 Oct 2026 - 18 Oct 2031 Over 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
Wolverhampton City 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
WOLVERHAMPTON
Postcode
WV1 1RL
Postcode Area
Wolverhampton
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG39 Wolverhampton
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

Supplier Information

Number of Suppliers
1
Supplier Name

Wilks Head & Eve LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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