---
title: "Property Valuation Services"
ocid: "ocds-h6vhtk-047e67"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-047e67"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-047e67.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-047e67.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "CUMBERLAND COUNCIL"
published: "2024-11-29"
---

# Property Valuation Services

Buyer: CUMBERLAND COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-047e67

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-047e67.json)

## Summary

The Cumberland Council has concluded an open procedure tender for property valuation services, specifically targeting research consultancy services within the UKD1 region. The procurement process, which was initiated on 18 July 2024 and involved a submission deadline of 19 August 2024, sought a consultant to assess the financial valuation of all Cumberland-owned properties in compliance with the International Financial Reporting Standards (IFRS). The contract, valued at £420,000, was awarded on 21 October 2024 to Wilks Head & Eve LLP, marking the completion of the procurement stage.

This tender presents a significant opportunity for businesses involved in financial and research consultancy services to expand their client portfolio with a major regional authority. The nature of the contract, which involves critical financial assessments in adherence to stringent IFRS standards, makes it especially suitable for large consultancy firms experienced in high-value public sector projects. Additionally, the commitment to diversity by the Cumberland Council underscores their openness to varied business communities, potentially fostering long-term partnerships and industry recognition for the consultancy firms involved.

## Notice

Consultant to undertake valuations of all Cumberland owned properties.

### Lot Information

Lot 1

The Council has appointed a consultant to carry out the valuation of its property assets for financial reporting purposes. Valuations will be undertaken in accordance with the measurement requirements of the International Financial Reporting Standards (IFRS) based Code of Practice on Local Authority Accounting in the United Kingdom (the 'Code'), published by the Chartered Institute of Public Finance and Accountancy (CIPFA).

Renewal: There are options for 2 x 12 month extensions to this contract.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/038547-2024 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 29 Nov 2024 |
| Submission deadline | 19 Aug 2024 |
| Future notice date | Not specified |
| Award date | 20 Oct 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £420,000 |
| Lots value | £420,000 |
| Awards value | Not specified |
| Contracts value | £183,200 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | CUMBERLAND COUNCIL |
| Locality | CARLISLE |
| Post town | Carlisle |
| Postcode | CA1 1RD |
| Country | England |
| ITL 1 | TLD North West (England) |
| ITL 2 | TLD1 Cumbria |
| ITL 3 | TLD13 Cumberland |
| Local authority | Cumberland |
| Electoral ward | Castle |
| Westminster constituency | Carlisle |
| Delivery location | TLD1 Cumbria |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services
- 73 - Research and development services and related consultancy services

### Codes

- 66171000 - Financial consultancy services
- 73210000 - Research consultancy services

## Release History

- 29 Nov 2024 at 10:04 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/038547-2024
- 18 Jul 2024 at 10:33 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/022240-2024

## Notice URLs

- http://www.the-chest.org.uk
- https://www.cumberland.gov.uk/

## 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-047e67. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-047e67.json.