---
title: "National Highways Knight Frank L&P 2021-22"
ocid: "ocds-b5fd17-e38f36ed-1e16-4929-a62b-e6985fee763b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-e38f36ed-1e16-4929-a62b-e6985fee763b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-e38f36ed-1e16-4929-a62b-e6985fee763b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-e38f36ed-1e16-4929-a62b-e6985fee763b.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NATIONAL AUDIT OFFICE"
published: "2022-04-26"
---

# National Highways Knight Frank L&P 2021-22

Buyer: NATIONAL AUDIT OFFICE  
Current stage: Award  
OCID: ocds-b5fd17-e38f36ed-1e16-4929-a62b-e6985fee763b

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## Summary

The National Audit Office is seeking an expert auditor for the contract titled "National Highways Knight Frank L&P 2021-22," aimed at reviewing valuations supporting National Highways' land and property provision. This procurement, classified under financial auditing services, is currently in the Award stage, with the contract period set from 16 April 2022 to 15 September 2022, and a minimum contract value of £18,300 up to £21,960. The tender period closed on 18 February 2022, and the auditor will assess multiple property valuations to ensure compliance with the Compensation Code.

This tender presents a valuable opportunity for small and medium-sized enterprises (SMEs) specialising in financial auditing and valuation services to engage with a prominent public sector authority. Companies with expertise in land valuation methodologies and auditing practices would be particularly well-suited to compete for such contracts, as they can provide insights into fair valuation estimates and support the government's infrastructure projects efficiently.

## Notice

We are engaging an auditor's expert to assist in auditing the detailed valuations underpinning the National Highways land and property provision. The specific work required is as follows: * Review of VOA's methodology for calculating the land and property liabilities and confirmation that this is in line with the Compensation Code. * Review of a sample of 5 valuations supporting land and property provisions to assess whether, based on the information provided in the detailed valuation, the key assumptions and judgements are materially consistent with the Compensation Code. In terms of providing a reasonable estimate for valuation on the anticipated forecast outturn cost to settle compensation. This should also confirm that the area of land included in the liability is appropriate. These valuations will, depending on sample selection, cover multiple properties (e.g. where they cover the acquisition area for a whole road scheme) and so some degree of consideration of items contributing to the overall valuation may be necessary in these larger samples, as opposed to them being tightly restricted to a single property. Regardless of item size, we would in each case be looking for the auditor's expert to assess the material reasonableness of the valuation in question. In the prior year, a review of 5 valuations were reviewed by our auditor's expert; this review will focus attention on a different sample of 5 land and property valuations. The initial contract period shall be to the end of the final audit period (July 2022), with an option to extend to cover subsequent audit cycles at the NAO's discretion.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/a40ed5fb-8722-4650-8081-53f645296270 |
| 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 | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 26 Apr 2022 |
| Submission deadline | 18 Feb 2022 |
| Future notice date | Not specified |
| Award date | 18 Mar 2022 |
| Contract period | 15 Apr 2022 - 15 Sep 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £21,960 |
| Lots value | Not specified |
| Awards value | £21,960 |
| 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 | NATIONAL AUDIT OFFICE |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1W 9SP |
| 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 | Pimlico North |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | KNIGHT FRANK |

## CPV Codes

### Divisions

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

### Codes

- 79212100 - Financial auditing services

## Release History

- 26 Apr 2022 at 10:37 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/a40ed5fb-8722-4650-8081-53f645296270

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/a40ed5fb-8722-4650-8081-53f645296270
  26th April 2022 - 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-e38f36ed-1e16-4929-a62b-e6985fee763b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-e38f36ed-1e16-4929-a62b-e6985fee763b.json.