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009528 - Valuation of Council Assets

Newcastle City Council

This public procurement record has 3 releases in its history.

Award

16 Sep 2026 at 10:25

UK6 - Contract Award Notice
TenderUpdate

14 Jul 2026 at 11:18

UK4 - Tender Notice
Tender

09 Jul 2026 at 09:38

UK4 - Tender Notice
Summary of the contracting process

Newcastle City Council has procured annual asset valuation services for its council assets. The appointed provider will carry out the asset valuation process over a five-year programme, valuing a percentage of the asset portfolio each year. The work supports reliable valuations in the council’s balance sheet and must follow the Code of Practice on Local Authority Accounting in the United Kingdom. This is a professional services requirement covering real estate valuation, accounting and fiscal services, and evaluation consultancy. Delivery spans Newcastle upon Tyne and locations across England, Scotland and Wales. The contract is a single-supplier requirement, so it is relevant to firms with the people, systems and professional expertise to deliver recurring public-sector asset valuations across a broad geographic area.

The procurement is complete and has been awarded following an open procedure. Nine bids reached the final stage, including three from SMEs. Quality counted for 40% and price for 60%. Capita PLC was awarded the contract on 16 September 2026 for £228,581.23 gross. The awarded contract period is 1 October 2026 to 30 September 2031, with signature scheduled for 1 October 2026. The original estimated value was £600,000 excluding VAT (£720,000 including VAT). It was one lot, assessed as suitable for SMEs. The tender deadline was 10 August 2026 at 12:00, following an enquiry deadline of 3 August 2026 at 12:00. The award decision was due by 24 August 2026. English-language electronic submissions were allowed.

For a future requirement of this type, credible competitors would need established capability in local-authority asset valuation, with coverage of property and other council assets across multiple UK regions. They would need to provide defensible valuation advice that supports statutory financial reporting and follows the Code of Practice on Local Authority Accounting. The requirement favours suppliers able to plan a multi-year valuation cycle, allocate a percentage of a large asset portfolio annually, maintain consistent methodologies and quality assurance, and produce clear evidence for the council’s Chief Finance Officer and audit processes. A strong competitor would also need sufficient qualified valuation, accounting and evaluation staff, reliable data and reporting systems, and the capacity to manage a single-supplier public-sector service at national scale.

How relevant is this notice?

Notice Information

Notice Title

009528 - Valuation of Council Assets

Notice Description

Newcastle City Council (NCC) wish to award a single supply a five-year contract to complete the Asset Valuation Process. This is to be carried on an annual basis with a percentage of the assets valued each year. The Code of Practice on Local Authority Accounting in the United Kingdom (The Code) states that to ensure that reliable valuations are contained in the balance sheet, the Chief Finance Officer and the valuer need to follow a process to determine the basis of valuation.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06c6fc
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/087629-2026
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

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

CPV Codes

70000000 - Real estate services

79200000 - Accounting, auditing and fiscal services

79419000 - Evaluation consultancy services

Notice Value(s)

Tender Value
£600,000 £500K-£1M
Lots Value
£600,000 £500K-£1M
Awards Value
£228,581 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Sep 2026Today
Submission Deadline
10 Aug 2026Expired
Future Notice Date
Not specified
Award Date
16 Sep 2026Today
Contract Period
1 Oct 2026 - 30 Sep 2031 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Newcastle City 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
NEWCASTLE UPON TYNE
Postcode
NE1 8QH
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), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLI London, TLJ South East (England), TLK South West (England)
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
1
Supplier Name

Capita

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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