Award

Asset Valuations DRC 2024/25 & 2025/26

CORNWALL COUNCIL

This public procurement record has 1 release in its history.

Award

24 Oct 2024 at 14:56

Summary of the contracting process

Cornwall Council has awarded a contract for the Asset Valuations DRC for the financial years 2024/25 and 2025/26. This procurement process, categorised under real estate services, encompasses the Depreciated Replacement Cost (DRC) Asset Valuation for Resource Accounting purposes. The asset valuations are scheduled for the dates of 31st December 2024 and 31st December 2025, located in the South West, United Kingdom. Initiated by an open procedure, the contract period spans from 15th October 2024 to 14th October 2029. NPS Property Consultants Ltd has been selected as the supplier for this project, valued at £95,000 GBP.

This tender presents significant opportunities for businesses specialising in real estate and asset valuation services to showcase their capabilities within a long-term contract. Large enterprises with expertise in providing comprehensive asset valuation services for public sector entities, particularly those experienced with Depreciated Replacement Cost (DRC) methodologies, would be well-suited to compete for such opportunities. Engaging in this contract allows businesses to establish a foothold in the public sector market, enhancing their portfolio and demonstrating their capacity to meet stringent government standards.

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Notice Title

Asset Valuations DRC 2024/25 & 2025/26

Notice Description

The Supplier will be responsible for the Depreciated Replacement Cost (DRC) Asset Valuation contract for Resource Accounting purposes for the Council. The asset valuations required to be valued under the general five year rolling programme on a Depreciated Replacement Cost (DRC) basis (not leased in assets) to have a valuation date of 31st December 2024 (for the financial year 2024/25) and 31st December 2025 (for the financial year 2025/26).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-89baa524-3280-4678-9b7b-2ca49606ee80
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a33236fe-b6cf-4452-913c-82ea00b77453
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£95,000 Under £100K
Lots Value
Not specified
Awards Value
£95,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
24 Oct 20241 years ago
Submission Deadline
14 Oct 2024Expired
Future Notice Date
Not specified
Award Date
13 Oct 20241 years ago
Contract Period
14 Oct 2024 - 14 Oct 2029 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
CORNWALL 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
TRURO
Postcode
TR1 3AY
Post Town
Truro
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK3 Cornwall and Isles of Scilly
Small Region (ITL 3)
TLK30 Cornwall and Isles of Scilly
Delivery Location
TLK South West (England)

Local Authority
Cornwall
Electoral Ward
Truro Boscawen & Redannick
Westminster Constituency
Truro and Falmouth

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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