---
title: "Valuation of Assets"
ocid: "ocds-b5fd17-b9702e6e-8ada-44fa-bfbf-f871961761c7"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-b9702e6e-8ada-44fa-bfbf-f871961761c7"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-b9702e6e-8ada-44fa-bfbf-f871961761c7.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-b9702e6e-8ada-44fa-bfbf-f871961761c7.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "ISLE OF WIGHT COUNCIL"
published: "2022-11-24"
---

# Valuation of Assets

Buyer: ISLE OF WIGHT COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-b9702e6e-8ada-44fa-bfbf-f871961761c7

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-b9702e6e-8ada-44fa-bfbf-f871961761c7)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-b9702e6e-8ada-44fa-bfbf-f871961761c7.json)

## Summary

The Isle of Wight Council has awarded a contract for the Valuation of Assets tender to Wilks Head & Eve LLP. The tender involved a valuation of the Council's assets to comply with various standards. The contract, worth GBP 135,000, will run from January 1, 2023, to December 31, 2025. The tender was classified under real estate services and accounting and auditing services. The deadline for the tender was October 31, 2022, and the delivery region is South East, United Kingdom.

This opportunity for business growth in the services sector caters to SMEs seeking to provide asset valuation services compliant with professional standards. Businesses with expertise in real estate services and accounting and auditing would be well-suited to compete. The procurement stage is complete, and the Isle of Wight Council is the buying organisation responsible for this contract, based in Newport, England. The tender represents a significant opportunity for qualified firms looking to expand their service portfolio and establish long-term business relationships with the Council.

## Notice

Specialist practice to undertake a valuation of its assets in order to comply with CIPFA Code of Practice on Local Authority Accounting, RICS Valuation Professional Standards and the International Valuation Standards and International Standards on Auditing. Please note that in the event the extensions are utilised (up to 31 Dec 27) the value will be in the region of PS225,000 (whole life cost).

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/27c7e84d-fdc7-4adb-9782-59fb64ef2249 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 24 Nov 2022 |
| Submission deadline | 31 Oct 2022 |
| Future notice date | Not specified |
| Award date | 24 Nov 2022 |
| Contract period | 1 Jan 2023 - 31 Dec 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £135,000 |
| Lots value | Not specified |
| Awards value | £135,000 |
| 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 | ISLE OF WIGHT COUNCIL |
| Locality | NEWPORT |
| Post town | Portsmouth |
| Postcode | PO30 1UD |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ3 Hampshire and Isle of Wight |
| ITL 3 | TLJ34 Isle of Wight |
| Local authority | Isle of Wight |
| Electoral ward | Newport Central |
| Westminster constituency | Isle of Wight West |
| Delivery location | TLJ South East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | WILKS HEAD & EVE |

## CPV Codes

### Divisions

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

### Codes

- 70000000 - Real estate services
- 79210000 - Accounting and auditing services

## Release History

- 24 Nov 2022 at 12:45 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/27c7e84d-fdc7-4adb-9782-59fb64ef2249

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/27c7e84d-fdc7-4adb-9782-59fb64ef2249
  24th November 2022 - Awarded contract notice on Contracts Finder

## Notice URLs

- http://www.iwight.com

## 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-b9702e6e-8ada-44fa-bfbf-f871961761c7. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-b9702e6e-8ada-44fa-bfbf-f871961761c7.json.