---
title: "Depreciated Replacement Cost Valuation"
ocid: "ocds-h6vhtk-028fad"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-028fad"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-028fad.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-028fad.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "TRANSPORT FOR WALES"
published: "2021-02-03"
---

# Depreciated Replacement Cost Valuation

Buyer: TRANSPORT FOR WALES  
Current stage: Award  
OCID: ocds-h6vhtk-028fad

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-028fad)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-028fad.json)

## Summary

Transport for Wales has completed a tender process for the valuation consultancy services necessary for assessing the Depreciated Replacement Cost of the Core Valleys Lines rail network. The planning and procurement method was an open procedure, with the tender titled "Depreciated Replacement Cost Valuation". This process took place across the Welsh rail network, with an emphasis on delivering valuable insights for financial reporting for the year ending 31 March 2021. The contract has a value of £300,000 and was signed on 21 December 2020, with the awarded supplier being Atkins.

This tender presents opportunities for growth particularly for consulting firms specialising in financial valuation and technical analysis within the transport sector. Businesses focused on developing valuation models, providing asset quantification services, or carrying out financial consultancy would be well-suited to compete in such processes. The involvement of experienced consultants aids Transport for Wales in optimising its asset valuation, thus creating a conducive environment for industry players to showcase their expertise and secure contracts in similar future projects.

## Notice

Transport for Wales (TfW) has procured the services of an advisor to provide evidence to support the valuation assessment of the Core Valleys Lines rail network for financial reporting purposes for the financial year ending 31 March 2021 and future periods.

### Lot Information

Lot 1

Transport for Wales (TfW) has procured experienced consultants to undertake valuation of assets and provide information on the Depreciated Replacement Costs across our Core Valley Lines (CVL) in South Wales. The DRC valuation will be reported in the financial statements of Transport for Wales and will be used for consolidation within the Welsh Government group financial statements. The appointed advisor is expected to provide input in the following areas: 1 - Developing an excel based valuation model, 2 - Developing asset unit costs based on the asset categories 3 - Quantifying risk and other uplifts 4 - Assisting TfW in quantifying the useful economic lives of the assets 5 - Assisting TfW in quantifying the remaining useful economic life of the assets 6 - Undertaking an annual adjustment to the asset value

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/002135-2021 |
| 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 | 3 Feb 2021 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 21 Dec 2020 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £300,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | TRANSPORT FOR WALES |
| Locality | PONTYPRIDD |
| Post town | Cardiff |
| Postcode | CF37 4TH |
| Country | Wales |
| ITL 1 | TLL Wales |
| ITL 2 | TLL5 South East Wales |
| ITL 3 | TLL51 Central Valleys and Bridgend |
| Local authority | Rhondda Cynon Taf |
| Electoral ward | Pontypridd Town |
| Westminster constituency | Pontypridd |
| Delivery location | TLL Wales |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ATKINS |

## CPV Codes

### Divisions

- 71 - Architectural, construction, engineering and inspection services
- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 71600000 - Technical testing, analysis and consultancy services
- 71621000 - Technical analysis or consultancy services
- 79419000 - Evaluation consultancy services

## Release History

- 3 Feb 2021 at 10:48 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/002135-2021

## Notice URLs

- http://trc.cymru
- https://ted.europa.eu/udl?uri=TED:NOTICE:509171-2020:TEXT:EN:HTML
- https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA50685

## 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-h6vhtk-028fad. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-028fad.json.