Planning

Financial Asset Valuation

WILTSHIRE COUNCIL

This public procurement record has 1 release in its history.

Planning

12 Jun 2026 at 13:56

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

Wiltshire Council is currently in the planning stage for a public procurement process titled "Financial Asset Valuation." The tender falls under the services category, specifically within accounting, auditing, and fiscal services, and is located in the UKK15 region of the United Kingdom. The engagement period is set to end on 15th July 2026, with the actual tender expected to be published shortly thereafter. The total estimated contract value is £600,000 for a three-year term starting on 1st November 2026, with a potential extension until 31st October 2031. This procurement process will appoint consultants responsible for the financial valuation of a diverse array of council-owned assets, including real estate and corporate properties, ensuring compliance with relevant professional standards and the Chartered Institute of Public Finance and Accountancy (CIPFA) Code.

This tender presents significant opportunities for growth, particularly for small and medium-sized enterprises (SMEs) with expertise in financial asset valuation. Companies specializing in accounting, auditing, and fiscal services, especially those familiar with public sector asset management, are well-suited to compete for this contract. Given the scale and complexity of the portfolio, the procurement allows for sub-contracting specific tasks, such as agricultural estate valuations. This enables broader participation and collaboration, potentially leading to innovation and efficiency improvements in asset valuation processes. The contract not only offers a substantial financial opportunity but also the potential to forge long-lasting business relationships within the public sector.

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Notice Information

Notice Title

Financial Asset Valuation

Notice Description

Wiltshire Council owns a varied general fund asset portfolio in the region of 640 property assets including leisure centres, schools, car parks libraries, offices and depots. The total general fund asset value is currently estimated at approximately PS830m. The Consultant is required to provide the Authority with valuations that are compliant with the relevant professional standards and guidance in place at the date point of the valuations, which includes: * Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Practice on Local Authority Accounting ('The CIPFA Code') and any other relevant guidance. The Authority requires a five-year rolling programme of its general fund assets (i.e. a third of the general fund assets valued annually), and an annual material movement report for its general fund assets for those assets not valued in that year. * An annual valuation of general fund assets covering asset classes that require annual valuations. * An annual valuation of assets being held for investment purposes must also be carried out. * The Authority also requires annual year end-valuations for the Council's HRA housing stock and garages. * Individual asset valuations will be required for individual components in accordance with the Authority's accounting policy on componentisation. * The Authority requires an annual review of useful asset lives. * Asset valuations must have regard to any impairment events. * The instruction will include valuations of the Council's agricultural estate. It is recognised that the Consultant may not have the expertise within the firm to value agricultural property. In such circumstances, it will be acceptable to sub-contract the valuation of agricultural property. The aim is to appoint a consultant/s that will be able to provide the Authority with valuations that are compliant and with the relevant professional standards and guidance in place.

Planning Information

Engagement period will end when the tender is published 'live' provisional date 15th July 2026

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06b43a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/055791-2026
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK2 - Preliminary Market Engagement Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79200000 - Accounting, auditing and fiscal services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
12 Jun 2026Today
Submission Deadline
Not specified
Future Notice Date
16 Jul 20262 months to go
Award Date
Not specified
Contract Period
1 Nov 2026 - 31 Oct 2029 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Planning
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WILTSHIRE 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
TROWBRIDGE
Postcode
BA14 8JN
Post Town
Bath
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK7 Gloucestershire and Wiltshire
Small Region (ITL 3)
TLK72 Wiltshire
Delivery Location
TLK15 Wiltshire
Local Authority
Wiltshire
Electoral Ward
Trowbridge Central
Westminster Constituency
South West Wiltshire

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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