---
title: "Asset Valuations DRC 2024/25 & 2025/26"
ocid: "ocds-b5fd17-89baa524-3280-4678-9b7b-2ca49606ee80"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-89baa524-3280-4678-9b7b-2ca49606ee80"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-89baa524-3280-4678-9b7b-2ca49606ee80.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-89baa524-3280-4678-9b7b-2ca49606ee80.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "CORNWALL COUNCIL"
published: "2024-10-24"
---

# Asset Valuations DRC 2024/25 & 2025/26

Buyer: CORNWALL COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-89baa524-3280-4678-9b7b-2ca49606ee80

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## Summary

Cornwall Council has awarded a contract for the Asset Valuations DRC for the financial years 2024/25 and 2025/26. This procurement process, categorised under real estate services, encompasses the Depreciated Replacement Cost (DRC) Asset Valuation for Resource Accounting purposes. The asset valuations are scheduled for the dates of 31st December 2024 and 31st December 2025, located in the South West, United Kingdom. Initiated by an open procedure, the contract period spans from 15th October 2024 to 14th October 2029. NPS Property Consultants Ltd has been selected as the supplier for this project, valued at £95,000 GBP.

This tender presents significant opportunities for businesses specialising in real estate and asset valuation services to showcase their capabilities within a long-term contract. Large enterprises with expertise in providing comprehensive asset valuation services for public sector entities, particularly those experienced with Depreciated Replacement Cost (DRC) methodologies, would be well-suited to compete for such opportunities. Engaging in this contract allows businesses to establish a foothold in the public sector market, enhancing their portfolio and demonstrating their capacity to meet stringent government standards.

## Notice

The Supplier will be responsible for the Depreciated Replacement Cost (DRC) Asset Valuation contract for Resource Accounting purposes for the Council. The asset valuations required to be valued under the general five year rolling programme on a Depreciated Replacement Cost (DRC) basis (not leased in assets) to have a valuation date of 31st December 2024 (for the financial year 2024/25) and 31st December 2025 (for the financial year 2025/26).

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/a33236fe-b6cf-4452-913c-82ea00b77453 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 24 Oct 2024 |
| Submission deadline | 14 Oct 2024 |
| Future notice date | Not specified |
| Award date | 13 Oct 2024 |
| Contract period | 14 Oct 2024 - 14 Oct 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £95,000 |
| Lots value | Not specified |
| Awards value | £95,000 |
| 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 | CORNWALL COUNCIL |
| Locality | TRURO |
| Post town | Truro |
| Postcode | TR1 3AY |
| Country | England |
| ITL 1 | TLK South West (England) |
| ITL 2 | TLK3 Cornwall and Isles of Scilly |
| ITL 3 | TLK30 Cornwall and Isles of Scilly |
| Local authority | Cornwall |
| Electoral ward | Truro Boscawen & Redannick |
| Westminster constituency | Truro and Falmouth |
| Delivery location | TLK South West (England) |

## Supplier

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

## CPV Codes

### Divisions

- 70 - Real estate services

### Codes

- 70000000 - Real estate services

## Release History

- 24 Oct 2024 at 14:56 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/a33236fe-b6cf-4452-913c-82ea00b77453

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/a33236fe-b6cf-4452-913c-82ea00b77453
  24th October 2024 - Awarded contract notice on Contracts Finder

## Notice URLs

- http://www.cornwall.gov.uk

## 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-b5fd17-89baa524-3280-4678-9b7b-2ca49606ee80. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-89baa524-3280-4678-9b7b-2ca49606ee80.json.