---
title: "2018/19 SARA - Review of Valuation Methodology"
ocid: "ocds-b5fd17-3fc9c6be-4662-42f2-8e31-40c38c8743de"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-3fc9c6be-4662-42f2-8e31-40c38c8743de"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-3fc9c6be-4662-42f2-8e31-40c38c8743de.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-3fc9c6be-4662-42f2-8e31-40c38c8743de.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DEPARTMENT FOR EDUCATION"
published: "2020-02-19"
---

# 2018/19 SARA - Review of Valuation Methodology

Buyer: DEPARTMENT FOR EDUCATION  
Current stage: Award  
OCID: ocds-b5fd17-3fc9c6be-4662-42f2-8e31-40c38c8743de

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## Summary

The procurement process involves the Department for Education, which has awarded a contract titled "2018/19 SARA - Review of Valuation Methodology" in the industry category of auditing services. The contract is for a review to ensure the valuation methodology used in the Academy Sector Annual Report is fit for purpose, with an estimated contract value of £27,255. The procurement method used was selective, based on a call-off from a framework agreement. The contract period commenced on 29 January 2020 and is set to conclude on 12 June 2020. The associated tender was completed on 24 November 2019.

This tender opens avenues for businesses specialising in valuation and auditing services, particularly those with expertise in the educational sector. Companies offering detailed valuation methodologies, particularly in relation to the Depreciated Replacement Cost methodology, may find this opportunity particularly relevant. Additionally, larger firms with substantial experience in tender processes would be well-positioned to compete for future contracts with the Department for Education, given the ongoing need for independent assurance in this domain.

## Notice

Contract to gain assurance that the valuation methodology used in the Academy Sector Annual Report and Accounts (SARA) is fit for purpose. Accounting standards require that a professional valuation be undertaken on the estate occupied by the academy sector on a rolling five-year basis. A fifth of the estate, c PS10-12 billion, is valued annually. Given the specialist nature of the estate, this is completed using a Depreciated Replacement Cost methodology developed by professional surveyors. The annual valuation spend is c PS350,000 - PS400,000. Contract awarded is to provide assurance over that methodology.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/202ecbf2-0ed1-4998-b7d0-1b6758cbd08f |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 19 Feb 2020 |
| Submission deadline | 24 Nov 2019 |
| Future notice date | Not specified |
| Award date | 24 Nov 2019 |
| Contract period | 29 Jan 2020 - 12 Jun 2020 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £27,255 |
| Lots value | Not specified |
| Awards value | £27,255 |
| 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 | DEPARTMENT FOR EDUCATION |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1P 3BT |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | PRICEWATERHOUSECOOPERS |

## CPV Codes

### Divisions

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

### Codes

- 79212000 - Auditing services

## Release History

- 19 Feb 2020 at 13:34 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/202ecbf2-0ed1-4998-b7d0-1b6758cbd08f

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/202ecbf2-0ed1-4998-b7d0-1b6758cbd08f
  19th February 2020 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/4faa8634-a2b2-4019-a226-761886a099bf
  Call off contract for Contract 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-b5fd17-3fc9c6be-4662-42f2-8e31-40c38c8743de. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-3fc9c6be-4662-42f2-8e31-40c38c8743de.json.