---
title: "Professional Services - Independent Audit of Valuation Model (Welsh Revaluation)"
ocid: "ocds-b5fd17-9f9077a2-941b-4b2a-a26f-34af7daa4060"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-9f9077a2-941b-4b2a-a26f-34af7daa4060"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-9f9077a2-941b-4b2a-a26f-34af7daa4060.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-9f9077a2-941b-4b2a-a26f-34af7daa4060.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "VALUATION OFFICE AGENCY"
published: "2023-09-04"
---

# Professional Services - Independent Audit of Valuation Model (Welsh Revaluation)

Buyer: VALUATION OFFICE AGENCY  
Current stage: Award  
OCID: ocds-b5fd17-9f9077a2-941b-4b2a-a26f-34af7daa4060

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## Summary

The Valuation Office Agency (VOA) has recently completed a tender process for the provision of Professional Services - Independent Audit of Valuation Model (Welsh Revaluation). This tender, with the identification number VOA/2023/033, sought an external Supplier to audit their Automated Valuation Model, designed for valuing properties in Wales. The procurement method used was Single Tender Action below threshold, and the tender period ended on 7th August 2023. The contract period for this procurement is from 1st September 2023 to 15th December 2023, with a total contract value of £115,563 GBP. The contracting authority, the VOA, is located in London, England, and falls under the IT services category.

This procurement opportunity for the independent audit of the Valuation Model by the VOA presents a chance for businesses with expertise in IT services and consulting to demonstrate their skills. Companies with a proven substantial track record in providing such services could find this tender well-suited for them. The VOA's niche requirement, supported by Technical Reasoning under PCR 2015, Regulation 32(2)(b), makes this an opportunity for businesses looking to engage in a specialised and impactful project within the public sector.

## Notice

The Welsh Government has commissioned the VOA to carry out a revaluation of all domestic property in Wales. To facilitate this, the VOA has built an Automated Valuation Model (AVM) to value some 1.5 million properties. The VOA is seeking to appoint an external Supplier, who has experience, and a proven substantial track record, to undertake an independent audit of the AVM to confirm that its performance meets the standards expected by the International Association of Assessing Officers. This purchase is for the services and expertise to provide official accreditation for the performance of the AVM. This activity will be required to be delivered in late Q2 2023-24 / early Q3 2023-24.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/ac57b882-52a0-4e98-a139-1a29dbfd08bd |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - (i) Below threshold and (ii) Single Tender Action on this occasion is supported via PCR 2015, Regulation 32(2)(b) on the grounds of (ii) Technical Reasoning, due to VOA's extremely niche requirement |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 4 Sep 2023 |
| Submission deadline | 7 Aug 2023 |
| Future notice date | Not specified |
| Award date | 22 Aug 2023 |
| Contract period | 31 Aug 2023 - 15 Dec 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £115,563 |
| Lots value | Not specified |
| Awards value | £115,563 |
| 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 | VALUATION OFFICE AGENCY |
| Locality | LONDON |
| Post town | East London |
| Postcode | E14 4PU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Canary Wharf |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | INTERNATIONAL ASSOCIATION OF ASSESSING OFFICERS (PROFESSIONAL |

## CPV Codes

### Divisions

- 72 - IT services: consulting, software development, Internet and support

### Codes

- 72000000 - IT services: consulting, software development, Internet and support

## Release History

- 4 Sep 2023 at 12:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/ac57b882-52a0-4e98-a139-1a29dbfd08bd

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/ac57b882-52a0-4e98-a139-1a29dbfd08bd
  4th September 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/5925347a-61e7-4213-ad5d-10ef999dd1b3

## 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-b5fd17-9f9077a2-941b-4b2a-a26f-34af7daa4060. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-9f9077a2-941b-4b2a-a26f-34af7daa4060.json.