Tender

Valuation of Newcastle Airport

SOUTH TYNESIDE BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Tender

09 Feb 2026 at 11:57

Summary of the contracting process

South Tyneside Borough Council, acting on behalf of a consortium of seven local authorities, is inviting tenders for the valuation of Newcastle International Airport. This procurement pertains to the industry category of financial and insurance services, specifically involving financial auditing and management consultancy. The procurement is in the tender stage, with submissions anticipated to be received by the 2nd of March, 2026. The contract is scheduled to run from March 2026 to May 2026, and it is based on an open competition method for services valued at £24,000. The project location is the UKC region, within the United Kingdom.

This tender provides an opportunity for businesses that specialise in financial services, particularly those with experience in valuations and auditing of large infrastructural entities like airports. Firms with a track record of delivering similar projects, strong delivery methodologies, and robust teams will find this project a valuable chance to enhance their portfolio and establish connections within public sector networks. Given the high emphasis on quality and cost in the award criteria, competitive pricing and proven expertise will be crucial for interested bidders aiming to secure this contract.

How relevant is this notice?

Notice Information

Notice Title

Valuation of Newcastle Airport

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. Period of contract March 2026- May 2026

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/011319-2026
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
Tender Suitability
Not specified
Awardee Scale
Not specified

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

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
Not specified

Notice Dates

Publication Date
9 Feb 2026Today
Submission Deadline
2 Mar 20263 weeks to go
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
9 Mar 2026 - 31 May 2026 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
SOUTH TYNESIDE BOROUGH COUNCIL
Contact Name
Not specified
Contact Email
strategic.procurement@southtyneside.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
SOUTH SHIELDS
Postcode
NE33 2RL
Post Town
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

Further Information

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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