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Newcastle Airport Valuation

South Tyneside Borough Council

This public procurement record has 2 releases in its history.

Award

01 May 2026 at 14:18

UK7 - Contract Details Notice
Tender

09 Feb 2026 at 11:57

UK4 - Tender Notice
Summary of the contracting process

The procurement process initiated by South Tyneside Borough Council involved the valuation of Newcastle Airport, a critical undertaking for ensuring that the airport's fair value is accurately reflected in the Statement of Accounts for the 2025-2026 financial year. The primary industry category for this procurement was financial consultancy services, with an emphasis on financial and insurance services. The Council, acting as the leading authority among seven local bodies, executed an open, below-threshold competition from February to March 2026, with PricewaterhouseCoopers Services LLP being awarded the contract on 1st May 2026. The contract, worth £39,000 in gross value, spans a period from May 2026 to July 2026, focusing on services within the UKC region.

This tender presents a valuable opportunity for businesses specialising in financial consultancy and valuation services to engage with local government initiatives to foster transparent and precise financial reporting. Firms that possess experience in delivering similar projects, demonstrating a strong capacity to meet detailed requirements, and offering competitive tender values stand to benefit significantly. The ability to provide a coherent delivery methodology and deploy an expert team will enhance the competitive stance of bidders in such procurement processes—facilitating potential growth through increased government engagements.

How relevant is this notice?

Notice Information

Notice Title

Newcastle Airport Valuation

Notice Description

South Tyneside Council are the leading body of 7 Local Authorities who own a shareholding in Newcastle International Airport. It is a requirement that the Airport be shown in our Statement of Accounts at fair value and therefore regular formal valuations are required. South Tyneside Council are looking for a supplier to provide a detailed valuation of Newcastle airport with figures which can be incorporated into our 25-26 year end Statement of Accounts.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-064afa
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/040575-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

CPV Codes

66000000 - Financial and insurance services

66171000 - Financial consultancy services

79212100 - Financial auditing services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£24,000 Under £100K
Lots Value
£24,000 Under £100K
Awards Value
Not specified
Contracts Value
£32,500 Under £100K

Notice Dates

Publication Date
1 May 20265 months ago
Submission Deadline
2 Mar 2026Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 May 2026 - 31 Jul 2026 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
South Tyneside Borough 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
SOUTH SHIELDS
Postcode
NE33 2RL
Postcode Area
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)
Local Authority
South Tyneside
Electoral Ward
Beacon and Bents
Westminster Constituency
South Shields

Supplier Information

Number of Suppliers
1
Supplier Name

PricewaterhouseCoopers Services LLP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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