---
title: "Estate Valuations for Accounting Purposes"
ocid: "ocds-b5fd17-a5674ddd-455d-43df-955c-97ac22e86825"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-a5674ddd-455d-43df-955c-97ac22e86825"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-a5674ddd-455d-43df-955c-97ac22e86825.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-a5674ddd-455d-43df-955c-97ac22e86825.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "D V L A"
published: "2018-11-19"
---

# Estate Valuations for Accounting Purposes

Buyer: D V L A  
Current stage: Award  
OCID: ocds-b5fd17-a5674ddd-455d-43df-955c-97ac22e86825

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-a5674ddd-455d-43df-955c-97ac22e86825)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-a5674ddd-455d-43df-955c-97ac22e86825.json)

## Summary

The procurement process involves the Driver and Vehicle Licensing Agency (DVLA) seeking external valuations for accounting purposes, specifically for a complete 5-year valuation cycle. The project, titled "Estate Valuations for Accounting Purposes," falls under the real estate services industry category. The procurement, which is currently in the Award stage, has a contract period that commenced on 15th October 2018 and will conclude on 30th April 2022. The total contract value is £15,000, with a minimum contract value of £14,400. The contract was awarded to Gerald Eve LLP on 11th October 2018, following a selective procurement process that was conducted through a framework agreement, and the tender period ended on 8th October 2018.

This tender presents a significant opportunity for firms specialising in real estate services and valuation, particularly those with expertise in compliance with the RICS Valuations - Global Standards and International Financial Reporting Standards. Small to medium-sized enterprises (SMEs) are encouraged to consider participating, as the DVLA is open to engaging suppliers of various scales, although the current supplier is a large firm. This contract requires detailed property inspections and desktop valuations, making it ideal for businesses that can provide comprehensive property assessment services within defined timelines.

## Notice

DVLA is seeking to appoint an external valuer to obtain an independent assessment (in compliance with the RICS Valuations - Global Standards) of the valuation of all relevant properties within its Estate. This requirement is to cover the complete 5-year valuation cycle for the purpose of end of year accounting (in compliance with International Financial Reporting Standards). The valuations will comprise a full physical inspection of all relevant properties, supplemented by desktop valuations within defined timescales.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/d0d4a4dc-2833-41fb-953b-5f9a55f749aa |
| 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 | 19 Nov 2018 |
| Submission deadline | 8 Oct 2018 |
| Future notice date | Not specified |
| Award date | 10 Oct 2018 |
| Contract period | 14 Oct 2018 - 30 Apr 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £15,000 |
| Lots value | Not specified |
| Awards value | £14,400 |
| 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 | D V L A |
| Locality | SWANSEA |
| Post town | Swansea |
| Postcode | SA6 7JL |
| Country | Wales |
| ITL 1 | TLL Wales |
| ITL 2 | TLL4 Mid and South West Wales |
| ITL 3 | TLL43 Swansea |
| Local authority | Swansea |
| Electoral ward | Mynydd-bach |
| Westminster constituency | Swansea West |
| Delivery location | TLL Wales |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | GERALD EVE |

## CPV Codes

### Divisions

- 70 - Real estate services

### Codes

- 70100000 - Real estate services with own property

## Release History

- 19 Nov 2018 at 11:23 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/d0d4a4dc-2833-41fb-953b-5f9a55f749aa

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/d0d4a4dc-2833-41fb-953b-5f9a55f749aa
  19th November 2018 - 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-a5674ddd-455d-43df-955c-97ac22e86825. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-a5674ddd-455d-43df-955c-97ac22e86825.json.