---
title: "Investment Property Valuation"
ocid: "ocds-h6vhtk-04bd84"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04bd84"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04bd84.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04bd84.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "NORWICH CITY COUNCIL"
published: "2024-11-21"
---

# Investment Property Valuation

Buyer: NORWICH CITY COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-04bd84

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04bd84)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-04bd84.json)

## Summary

Norwich City Council has completed the procurement process for the "Investment Property Valuation" services. This was conducted in compliance with the CIPFA Code of Practice and aimed at obtaining regular valuations of non-housing properties for accounting and insurance purposes. The procurement falls under the category of accounting and auditing services with a specific CPV code of 79210000. The process reached the award stage on 1st November 2024 and was concluded on 21st November 2024. The contract, valued at £256,000, was awarded to NPS Property Consultants Limited, based in Norwich, United Kingdom (region UKH15). The procurement method was a limited award procedure without prior publication, permitted under the Crown Commercial Services (CCS) framework agreement (Estate Management Services RM6168, Lot 5).

This tender presents significant business growth opportunities for companies specialising in property valuation and associated documentation services. With a focus on statutory compliance and detailed asset valuations, it suits businesses experienced in public sector contracts and familiar with the CIPFA guidelines. Small and medium-sized enterprises (SMEs) like NPS Property Consultants Limited, which won the award, can benefit greatly from this type of procurement by leveraging their niche expertise to meet specific public sector needs. The initial contract term of three years with an option to extend for another year offers further stability and potential future engagements.

## Notice

The Council has a need to obtain regular valuations of non-housing properties for accounting and insurance purposes. Specifically, fixed asset valuation data is required to be provided for inclusion in the Council's Statutory Statement of Accounts (SOA) in accordance with: * The Council's Closure of accounts table to ensure the statutory deadlines for Public Inspection of the Statement of Accounts are met. * The CIPFA Code of Practice on Local Authority Accounting in the United Kingdom and any other relevant CIPFA Code.

### Lot Information

Lot 1

The Supplier is required to provide fixed asset valuation data for inclusion in the Buyer's Statutory Statement of Accounts (SOA) in accordance with: - The Council's Closure of accounts table to ensure the statutory deadline for Public Inspection of the Statement of Accounts is met. - The CIPFA Code of Practice on Local Authority Accounting in the United Kingdom and any other relevant CIPFA Code.

Options: Initial contract term is for three years with an option to extend for a further year.

### Procurement Information

Contract is a call-off from Estate Management Services (RM6168) framework - Lot 5: Valuation and Compulsory Purchase Orders via Crown Commercial Services (CCS). Asset valuations and associated documentation. Available for all public sector organisations. Under the terms of the framework agreement, a Direct Award procedure is permitted to the most suitable supplier on the provision that the authority has followed its own internal governance requirements.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/037618-2024 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 21 Nov 2024 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 1 Nov 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £256,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NORWICH CITY COUNCIL |
| Locality | NORWICH |
| Post town | Norwich |
| Postcode | NR2 1NH |
| Country | England |
| ITL 1 | TLH East (England) |
| ITL 2 | TLH5 Norfolk |
| ITL 3 | TLH51 Norwich and East Norfolk |
| Local authority | Norwich |
| Electoral ward | Mancroft |
| Westminster constituency | Norwich South |
| Delivery location | TLH15 Norwich and East Norfolk |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | NPS PROPERTY CONSULTANTS |

## CPV Codes

### Divisions

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

### Codes

- 79210000 - Accounting and auditing services

## Release History

- 21 Nov 2024 at 10:06 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/037618-2024

## Notice URLs

- https://in-tendorganiser.co.uk/norwich/aspx/itlogin.aspx
- https://www.norwich.gov.uk/site/

## 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-04bd84. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04bd84.json.