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Wyre Council Asset Valuation and Financial Reporting

Wyre Council

This public procurement record has 2 releases in its history.

Award

06 Oct 2026 at 14:13

UK6 - Contract Award Notice
Award

06 Oct 2026 at 13:59

UK5 - Transparency Notice
Summary of the contracting process

Wyre Borough Council commissioned property valuation and financial reporting services for its portfolio of approximately 62 operational land and building assets and 67 investment properties. The work supports preparation of the Council’s annual Statement of Accounts and requires valuations in line with relevant accounting, financial reporting and valuation standards. The service covers full valuations, inspections, valuation reports and supporting schedules in Excel and Enterprise/KEL-compatible formats. For operational assets, later annual cycles include indexation reviews, methodology and movement reports, and sample inspections. Investment properties receive full valuations throughout. The provider also liaises with Council officers and external auditors and supplies technical support. The assets are in the Wyre area of Lancashire.

The procurement is complete and has been awarded to Eddisons Commercial Limited, trading as BTG Eddisons. Wyre Borough Council used a below-threshold direct award without competition. The award was made on 6 October 2026. Its value is £53,900 excluding VAT (£64,680 including VAT). The contract period runs from 26 October 2026 to 31 March 2029. There was one lot, covering the valuation service for the Council’s property portfolio. The published procurement information does not provide an evaluation basis or eligibility requirements, so the award outcome is reported without attributing selection to particular criteria.

This award demonstrates demand from Wyre Borough Council for a joined-up property valuation and financial reporting service across operational and investment assets. A credible competitor for a future requirement would need the capacity to inspect a varied municipal portfolio, deliver full valuations and maintain a consistent approach across annual reporting cycles. Relevant expertise includes property valuation under applicable valuation and accounting standards, investment property valuation, asset indexation, and producing clear reports and supporting schedules that can be used in financial statements. Suppliers should also be equipped to explain valuation methods and movements, undertake sample inspections, and provide responsive technical support. Experience liaising with council finance and property officers and external auditors would be directly relevant.

How relevant is this notice?

Notice Information

Notice Title

Wyre Council Asset Valuation and Financial Reporting

Notice Description

The Council's property portfolio comprises approximately: 62 Operational Land and Building assets. 67 Investment Property assets. The Council requires property valuation services in accordance with all relevant accounting, financial reporting and valuation standards to support the preparation of its annual Statement of Accounts. The successful provider shall deliver a consistent, proportionate and robust valuation service throughout the contract term, ensuring continuity of methodology, reporting and liaison with Council officers and external auditors. Year 1 (Valuation Date: 31 March 2027) The successful provider shall undertake: Full valuation of all Operational Land and Building assets. Full valuation of all Investment Property assets. Inspection of all assets within both portfolios. Provision of valuation reports and supporting valuation schedules, including Excel and Enterprise/KEL-compatible formats, suitable for financial reporting purposes. Ongoing liaison with relevant Council officers and external auditors throughout the valuation process. Year 2 (Valuation Date: 31 March 2028) The successful provider shall undertake: Full valuation of the Investment Property portfolio. Indexation review of the Operational Land and Building portfolio. Provision of valuation reports and supporting valuation schedules, including Excel and Enterprise/KEL-compatible formats, suitable for financial reporting purposes. Preparation of an indexation report detailing the methodology adopted, indices applied and rationale for any value movements. Sample inspections of selected assets across both portfolios to confirm the continued appropriateness of the indexation approach. Technical support and liaison with external auditors as required. Year 3 (Valuation Date: 31 March 2029) The successful provider shall undertake: Full valuation of the Investment Property portfolio. Indexation review of the Operational Land and Building portfolio. Provision of valuation reports and supporting valuation schedules, including Excel and Enterprise/KEL-compatible formats, suitable for financial reporting purposes. Preparation of an updated indexation report detailing the methodology adopted, indices applied and rationale for any value movements. Sample inspections of selected assets across both portfolios to confirm the continued appropriateness of the indexation approach. Technical support and liaison with external auditors as required.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0781b7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/094301-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK6 - Contract Award 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
£53,900 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Oct 2026Today
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
6 Oct 2026Yesterday
Contract Period
26 Oct 2026 - 31 Mar 2029 2-3 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
Wyre 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
POULTON-LE-FYLDE
Postcode
FY6 7PU
Postcode Area
Blackpool
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD4 Lancashire
Small Region (ITL 3)
TLD44 Lancaster and Wyre
Delivery Location
Not specified
Local Authority
Wyre
Electoral Ward
Breck
Westminster Constituency
Fylde

Supplier Information

Number of Suppliers
1
Supplier Name

Eddisons Commercial Limited

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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