D3 Tenders | DRC Asset Valuations 2026

Notice Information

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Notice Title

DRC Asset Valuations 2026

Notice Description

There is a requirement of Cornwall Council's Capital Accounts that the ca.4,000 assets owned by the Council within the Council's General Fund (GF) are valued over a 5-year rolling programme, i.e., at least 20% are valued each year. The Asset Valuation programme establishes the value of the assets to produce the final Capital Valuation figure for the Cornwall Council accounts. Due to the lack of capacity within the Cornwall Council Property Team and/or this more specialist area of valuation, the Asset Valuations valued on a Depreciated Replacement Cost (DRC) basis will be outsourced including Asset Valuations of some Specialist assets at year 2030/31. The outsourcing will be for the financial years 2026/27, 2027/28, 2028/29, 2029/30 and 2030/31, along with the corresponding external auditor queries to enable the Council's accounts to be closed down.

Notice Details

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Publication & Lifecycle

Open Contracting ID: ocds-h6vhtk-067885
Publication Source: Find A Tender Service
Latest Notice: https://www.find-tender.service.gov.uk/Notice/043732-2026
Current Stage: Award
All Stages: Award

Procurement Classification

Notice Type: UK7 - Contract Details Notice
Procurement Type: Standard
Procurement Category: Services
Procurement Method: Selective
Procurement Method Details: Award under framework
Tender Suitability: Not specified
Awardee Scale: SME

Common Procurement Vocabulary (CPV)

CPV Divisions: 70 - Real estate services
CPV Codes: 70000000 - Real estate services

Notice Value(s)

Tender Value: Not specified
Lots Value: Not specified
Awards Value: £200,000 £100K-£500K
Contracts Value: £200,000 £100K-£500K

Notice Dates

Publication Date: 13 May 20263 weeks ago
Submission Deadline: Not specified
Future Notice Date: Not specified
Award Date: 30 Mar 20262 months ago
Contract Period: 4 May 2026 - 4 May 2031 Over 5 years
Recurrence: Not specified

Notice Status

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

Buyer & Supplier

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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: Not specified
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

https://www.find-tender.service.gov.uk/Notice/043732-2026
13th May 2026 - Contract details notice on Find a Tender
https://www.find-tender.service.gov.uk/Notice/029408-2026
31st March 2026 - Contract award notice on Find a Tender

Notice URLs

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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