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Independent appraisal for property review

Northumberland County Council

This public procurement record has 1 release in its history.

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17 Aug 2026 at 09:21

UK7 - Contract Details Notice
Summary of the contracting process

Northumberland County Council commissioned an independent appraisal of the investment strategy prepared for Manor Walks. The work is a professional financial consultancy service involving a critical, independent review of the proposed property investment approach. It is intended to provide objective challenge and appraisal of the strategy rather than to deliver construction, property management or general financial advice. The buying organisation is Northumberland County Council, a sub-central public authority based in Morpeth. The awarded service is associated with Northumberland, with delivery in the council’s area. This requirement will suit firms providing independent property investment appraisal, financial consultancy and strategic review services for public-sector or commercial property assets.

The procurement is complete and the contract was awarded to Savills (UK) Limited. It used a direct award below the applicable threshold, without competition. The contract was signed on 30 November 2025, with a service period from 1 December 2025 to 31 March 2026. The awarded contract value is £40,000 gross, in GBP. The award is active and the contract is active. The procurement had one completed lot covering the independent appraisal for the property review. The stated subject classification is financial consultancy services. The process was evaluated through the council’s direct-award route rather than a competitive tender, so the published outcome reflects a single selected supplier and does not provide a comparison of competing bids.

This procurement indicates demand from Northumberland County Council for specialist, independent challenge of property investment strategies, particularly where a commercial asset such as Manor Walks is under review. A credible future supplier would need demonstrable expertise in property investment appraisal, financial modelling, investment strategy review and critical assessment of assumptions, risks and expected returns. Independence and the ability to provide objective advice would be central to the requirement. Relevant firms are likely to be established property consultancies or financial advisers with experience assessing retail or other commercial property investments for public-sector clients. The work also favours suppliers able to turn complex investment analysis into clear, defensible advice for a local authority decision-making process.

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Notice Information

Notice Title

Independent appraisal for property review

Notice Description

An independent, critical appraisal of the investment strategy prepared for Manor Walks

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06e538
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/077942-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£40,000 Under £100K

Notice Dates

Publication Date
17 Aug 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
30 Nov 20259 months ago
Contract Period
1 Dec 2025 - 31 Mar 2026 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Northumberland County 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
MORPETH
Postcode
NE61 2EF
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)
TLC42 Northumberland
Delivery Location
Not specified
Local Authority
Northumberland
Electoral Ward
Morpeth Kirkhill
Westminster Constituency
North Northumberland

Supplier Information

Number of Suppliers
1
Supplier Name

SAVILLS (UK) LIMITED

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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