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Financial Asset Valuation

WILTSHIRE COUNCIL

This public procurement record has 2 releases in its history.

PlanningUpdate

19 Jun 2026 at 08:12

UK2 - Preliminary Market Engagement Notice
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 of its public procurement process for the "Financial Asset Valuation" project, under the GCA Framework RM6343 Estate Management Services 2. The tender comprises a valuation of various council-owned assets estimated at £830 million, covering leisure centres, schools, car parks, and other properties. The engagement period is scheduled to culminate on 15th July 2026, with the contract expected to start on 1st November 2026. This scheme is targeted to take place in Trowbridge, United Kingdom, within the services category. Wiltshire Council seeks firms that can provide expertise in accordance with CIPFA's standards over a five-year rolling programme, encompassing regular asset valuations and assessments of the council's agricultural and investment holdings.

The tender offers significant opportunities for businesses specializing in accounting, auditing, and fiscal services. Ideal candidates will be those with proficiency in providing CIPFA-compliant valuations and the ability to handle a wide array of asset types. This procurement is particularly suitable for SMEs, as the framework encourages participation from such entities. Businesses that can effectively manage sub-contracting for specialized agricultural valuations will find this tender promising for growth, given the renewal options and long contract period until 2029 with the possibility of extension to 2031.

How relevant is this notice?

Notice Information

Notice Title

Financial Asset Valuation

Notice Description

This PME is being carried out under GCA Framework RM6343 Estate Management Services 2. Only the 35 suppliers appointed to Lot 5: Valuation and Compulsory Purchase Orders are invited. 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/057839-2026
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
19 Jun 20261 months ago
Submission Deadline
Not specified
Future Notice Date
16 Jul 2026Expired
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

JSON Markdown

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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