Award

NSDC: Provision of Asset Valuations

NEWARK AND SHERWOOD DISTRICT COUNCIL

This public procurement record has 1 release in its history.

Award

18 Nov 2025 at 13:56

Summary of the contracting process

Newark And Sherwood District Council, a public authority within sub-central government, recently completed a procurement process for the provision of asset valuations. The contract, titled "NSDC: Provision of Asset Valuations," falls under the financial and insurance services category, aimed at providing portfolio valuation services for General Fund and Housing Revenue Account assets. The procurement was conducted through a limited competition method, classed as below threshold, indicating a more selective process. The tender process has reached the awarding stage, with WILKS HEAD & EVE LLP, an SME based in London, being the chosen supplier. The contract commenced on 1st April 2025 and is set to continue until 1st April 2029, with a total contract value of £60,000 (gross amount of £72,000). The services are to be delivered in the East Midlands region, United Kingdom.

This tender presents significant business growth opportunities, specifically for companies engaged in the financial services sector, including asset management and valuations. Businesses that possess the expertise in financial assessments, particularly those that can efficiently manage and value municipal assets, are well-suited to compete for similar contracts. With a contract duration spanning four years and a steady revenue stream, this contract offers a viable opportunity for organisations looking to expand their portfolio within public sector services. As the tender was awarded through limited competition, niche businesses with specialised skills in asset valuations and financial services are likely to have an advantage in such procurement processes.

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Notice Title

NSDC: Provision of Asset Valuations

Notice Description

Portfolio valuation in respect of General Fund and Housing Revenue Account assets for inclusion in the Balance Sheet of the LA.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05e35c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/074786-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Below threshold - limited competition
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£60,000 Under £100K

Notice Dates

Publication Date
18 Nov 20253 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
18 Mar 202511 months ago
Contract Period
31 Mar 2025 - 1 Apr 2029 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
NEWARK AND SHERWOOD DISTRICT COUNCIL
Contact Name
Nick Wilson
Contact Email
nick.wilson@newark-sherwooddc.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
NEWARK
Postcode
NG24 1BY
Post Town
Nottingham
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF15 North Nottinghamshire
Delivery Location
Not specified

Local Authority
Newark and Sherwood
Electoral Ward
Castle
Westminster Constituency
Newark

Supplier Information

Number of Suppliers
1
Supplier Name

WILKS HEAD & EVE

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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