---
title: "Asset Valuation Brief"
ocid: "ocds-b5fd17-1a163fcb-2cd7-427d-a0da-4cc3193ef7d2"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-1a163fcb-2cd7-427d-a0da-4cc3193ef7d2"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-1a163fcb-2cd7-427d-a0da-4cc3193ef7d2.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-1a163fcb-2cd7-427d-a0da-4cc3193ef7d2.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "EAST HAMPSHIRE DISTRICT COUNCIL"
published: "2017-12-11"
---

# Asset Valuation Brief

Buyer: EAST HAMPSHIRE DISTRICT COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-1a163fcb-2cd7-427d-a0da-4cc3193ef7d2

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## Summary

The recent procurement process, titled "Asset Valuation Brief," was conducted by East Hampshire District Council, focusing on the provision of insurance consultancy services. This procurement falls under the wider category of services and is situated in the South East region of the United Kingdom. The procurement method employed was an open procedure, with the tender period ending on 1 January 2017. The awarded contract, valued at £37,800, commenced on 11 December 2017 and is set to conclude on 31 March 2018.

This tender presents significant opportunities for growth, particularly for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) engaged in consultancy services. Businesses that specialise in asset valuation and financial reporting in compliance with IFRS and CIPFA standards would be particularly well-suited to compete for this contract. The nature of the work requires thorough understanding and expertise in asset management, opening up avenues for organisations looking to expand their market presence and service offerings in the public sector.

## Notice

The purpose of the Brief is to inform potential Suppliers providing quotations or Quotes for the Services and to form the basis of a specification of work to be included within the Agreement. Councils are required to report the value of their land and building assets within their financial statements in line with the requirements of the International Financial Reporting Standards (IFRS), and the Chartered Institute of Public Finance and Accountancy's (CIPFA) Code of Practice on Local Authority Capital Accounting. Investment Assets are required to be revalued annually, although they need be inspected only every five years. Non-Investment Assets must be revalued at least once every five years. At the end of each Council Financial Year, the Council is required to assess whether there is any indication that its assets may be impaired (i.e. whether their carrying amount is higher than their recoverable amount). Accordingly, an Impairment Statement must be reported each year.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/5b8dec10-46a1-431d-84d3-77c33a005885 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 11 Dec 2017 |
| Submission deadline | 1 Jan 2017 |
| Future notice date | Not specified |
| Award date | 8 Dec 2017 |
| Contract period | 11 Dec 2017 - 31 Mar 2018 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £37,800 |
| Lots value | Not specified |
| Awards value | £37,800 |
| 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 | EAST HAMPSHIRE DISTRICT COUNCIL |
| Locality | PETERSFIELD |
| Post town | Guildford |
| Postcode | GU31 4EX |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ3 Hampshire and Isle of Wight |
| ITL 3 | TLJ36 Central Hampshire |
| Local authority | East Hampshire |
| Electoral ward | Petersfield Heath |
| Westminster constituency | East Hampshire |
| Delivery location | TLJ South East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | VAIL WILLIAMS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66519310 - Insurance consultancy services

## Release History

- 11 Dec 2017 at 17:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/5b8dec10-46a1-431d-84d3-77c33a005885

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/5b8dec10-46a1-431d-84d3-77c33a005885
  11th December 2017 - Awarded contract notice on Contracts Finder
- http://www.mytenders.org/search/show/search_view.aspx?ID=DEC149503
  NOTE: To register your interest in this notice and obtain any additional information please visit the myTenders Web Site at the link provided.

## 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-b5fd17-1a163fcb-2cd7-427d-a0da-4cc3193ef7d2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-1a163fcb-2cd7-427d-a0da-4cc3193ef7d2.json.