---
title: "DRC Asset Valuations 2026"
ocid: "ocds-h6vhtk-067885"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-067885"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-067885.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-067885.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "CORNWALL COUNCIL"
published: "2026-05-13"
---

# DRC Asset Valuations 2026

Buyer: CORNWALL COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-067885

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## Summary

The procurement process initiated by Cornwall Council, titled "DRC Asset Valuations 2026", focuses on valuing approximately 4,000 assets owned by the council as part of their Capital Accounts requirements. This process, categorised under real estate services, is essential for determining the final Capital Valuation figure for the council's accounts. Located in Truro, United Kingdom, Cornwall Council is facilitating this tender through a selective procurement method, specifically an award under a framework. The procurement process was completed with NPS Property Consultants Ltd as the supplier. Handling a significant financial scope, the contract has been valued at £240,000 gross and is set for a period from 5th May 2026 to 4th May 2031, with the award being active as of 13th May 2026.

This tender represents a considerable opportunity for businesses specialising in real estate and asset valuations, particularly those with experience in public sector contracts. SMEs and larger firms alike could benefit from participating in such frameworks to expand their portfolio of public service contracts. Given the comprehensive nature of the asset valuation task, businesses equipped with specialised asset valuation capabilities would be well-suited to this procurement. This opportunity aligns with businesses looking to establish or strengthen their position within the public real estate services sector, potentially leading to further collaborations with Cornwall Council and similar public authorities.

## Notice

There is a requirement of Cornwall Council's Capital Accounts that the ca.4,000 assets owned by the Council within the Council's General Fund (GF) are valued over a 5-year rolling programme, i.e., at least 20% are valued each year. The Asset Valuation programme establishes the value of the assets to produce the final Capital Valuation figure for the Cornwall Council accounts. Due to the lack of capacity within the Cornwall Council Property Team and/or this more specialist area of valuation, the Asset Valuations valued on a Depreciated Replacement Cost (DRC) basis will be outsourced including Asset Valuations of some Specialist assets at year 2030/31. The outsourcing will be for the financial years 2026/27, 2027/28, 2028/29, 2029/30 and 2030/31, along with the corresponding external auditor queries to enable the Council's accounts to be closed down.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/043732-2026 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Award under framework |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 May 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 30 Mar 2026 |
| Contract period | 4 May 2026 - 4 May 2031 |
| Recurrence | Not specified |

## Values

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

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | CORNWALL COUNCIL |
| Locality | TRURO |
| Post town | Truro |
| Postcode | TR1 3AY |
| Country | England |
| ITL 1 | TLK South West (England) |
| ITL 2 | TLK3 Cornwall and Isles of Scilly |
| ITL 3 | TLK30 Cornwall and Isles of Scilly |
| Local authority | Cornwall |
| Electoral ward | Truro Boscawen & Redannick |
| Westminster constituency | Truro and Falmouth |
| Delivery location | Not specified |

## Supplier

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

## CPV Codes

### Divisions

- 70 - Real estate services

### Codes

- 70000000 - Real estate services

## Release History

- 13 May 2026 at 08:32 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/043732-2026
- 31 Mar 2026 at 08:13 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/029408-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/043732-2026
  13th May 2026 - Contract details notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/029408-2026
  31st March 2026 - Contract award notice on Find a Tender

## Notice URLs

- http://www.cornwall.gov.uk
- https://www.find-tender.service.gov.uk/api/1.0/ocdsReleasePackages/ocds-h6vhtk-04f9e2
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## 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-067885. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-067885.json.