Award

Provision of asset valuation services for offshore wind

THE CROWN ESTATE

This public procurement record has 4 releases in its history.

Award

12 Nov 2025 at 11:43

TenderUpdate

15 Aug 2025 at 14:07

TenderUpdate

15 Aug 2025 at 14:05

Tender

15 Aug 2025 at 13:33

Summary of the contracting process

The Crown Estate, a central government public authority located in London, successfully completed a procurement process titled "Provision of asset valuation services for offshore wind." This tender sought services to evaluate the Crown Estate's Offshore Wind portfolio for annual reporting purposes. The procurement followed an open procedure method, and the award was announced on 12 November 2025. The successful supplier, PricewaterhouseCoopers LLP, will execute the contract valued at £826,884 gross, spanning from 1 December 2025 to 30 November 2028, with a potential two-year extension. Key services include developing valuation models and reports and offering market advice, aligned with asset valuation consultancy services under CPV code 79419000.

This opportunity offers significant growth potential for consultancy firms specializing in evaluation or asset management services, particularly those with expertise in renewable energy sectors or offshore wind industries. Small and medium-sized enterprises (SMEs) were encouraged to participate, as demonstrated by the number of SME bids making it to the final stage of consideration. PricewaterhouseCoopers LLP's success exemplifies the scale of opportunities available, presenting a valuable chance for firms to collaborate on a prestigious national-level project, enhancing their industry credibility and portfolio. Businesses with robust capabilities in financial analysis, renewable energy markets, or strategic consultancy could leverage similar opportunities to expand their service offerings and gain substantial visibility within the UK market.

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Notice Title

Provision of asset valuation services for offshore wind

Notice Description

The Crown Estate Offshore Wind portfolio is revalued annually for inclusion within its Annual Report & Accounts. The successful supplier will be required to provide the services: valuation model; valuation report; and market advice and support.

Lot Information

Lot 1

Renewal: Contract may be extended for a further two years following the initial term of three years.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-058903
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/073111-2025
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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


CPV Codes

79419000 - Evaluation consultancy services

Notice Value(s)

Tender Value
£2,500,000 £1M-£10M
Lots Value
£2,500,000 £1M-£10M
Awards Value
£689,070 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
12 Nov 20253 months ago
Submission Deadline
10 Sep 2025Expired
Future Notice Date
Not specified
Award Date
12 Nov 20253 months ago
Contract Period
1 Dec 2025 - 30 Nov 2028 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
THE CROWN ESTATE
Contact Name
Not specified
Contact Email
tenders@thecrownestate.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1Y 4AH
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

PRICEWATERHOUSECOOPERS

Open Contracting Data Standard (OCDS)

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