---
title: "Asset Valuation Insurance"
ocid: "ocds-b5fd17-17a24a0d-ae23-44ec-8a64-fdd3b35f049e"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-17a24a0d-ae23-44ec-8a64-fdd3b35f049e"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-17a24a0d-ae23-44ec-8a64-fdd3b35f049e.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-17a24a0d-ae23-44ec-8a64-fdd3b35f049e.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "ESSEX COUNTY COUNCIL"
published: "2026-02-21"
---

# Asset Valuation Insurance

Buyer: ESSEX COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-17a24a0d-ae23-44ec-8a64-fdd3b35f049e

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## Summary

The procurement process for the "Asset Valuation Insurance" contract has been completed by Essex County Council. This contract encompasses professional asset valuation services within the architectural, engineering, and surveying services industry category. Covering a location in Chelmsford with postal code CM7 9HB, the contract was awarded to NPS Property Consultants Limited on 15th November 2025, with the contract period commencing on 17th November 2025 and concluding on 31st March 2030. The procurement was conducted through a selective method via a call-off from a framework agreement.

This tender presents significant business growth opportunities, especially for firms specialising in asset valuation within the public finance sector. With an overall contract value of £103,636.62, businesses that are SMEs are particularly well-suited to compete in such tenders due to their ability to offer specialised services efficiently. The long-term contract duration ensures a stable engagement, allowing businesses to strategically plan and allocate resources over several years, thus fostering potential growth and expansion within the public sector market.

## Notice

The contract has been awarded for the provision of professional asset valuation services to a suitably qualified valuation firm. The contract will run for a period of five years (an initial three year term with the option to extend for a further two years.) It is required to maintain accurate buildings insurance valuations for all properties for which it holds responsibility. These valuations support in ensuring that appropriate insurance cover is maintained. The appointed supplier will undertake asset valuation each year, to meet its statutory financial reporting obligations under the Chartered Institute of Public Finance and Accountancy, (CIPFA) Code of Practice on Local Authority Accounting in the United Kingdom.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/de5a1d9a-204e-4846-a672-151fc488782c |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 21 Feb 2026 |
| Submission deadline | 7 Nov 2025 |
| Future notice date | Not specified |
| Award date | 15 Nov 2025 |
| Contract period | 17 Nov 2025 - 31 Mar 2030 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £103,636 |
| Lots value | Not specified |
| Awards value | £103,636 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | ESSEX COUNTY COUNCIL |
| Locality | CHELMSFORD |
| Post town | Chelmsford |
| Postcode | CM1 1QH |
| Country | England |
| ITL 1 | TLH East (England) |
| ITL 2 | TLH3 Essex |
| ITL 3 | TLH36 Heart of Essex |
| Local authority | Chelmsford |
| Electoral ward | Moulsham and Central |
| Westminster constituency | Chelmsford |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | NPS PROPERTY CONSULTANTS |

## CPV Codes

### Divisions

- 71 - Architectural, construction, engineering and inspection services

### Codes

- 71250000 - Architectural, engineering and surveying services

## Release History

- 21 Feb 2026 at 18:09 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/de5a1d9a-204e-4846-a672-151fc488782c

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/de5a1d9a-204e-4846-a672-151fc488782c
  21st February 2026 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-17a24a0d-ae23-44ec-8a64-fdd3b35f049e. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-17a24a0d-ae23-44ec-8a64-fdd3b35f049e.json.