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Awarded contract

Published

009528 - Valuation of Council Assets

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Buyer

Newcastle City Council

Value

600,000 GBP

Close date

2026-08-10

Description

Newcastle City Council (NCC) wish to award a single supply a five-year contract to complete the Asset Valuation Process. This is to be carried on an annual basis with a percentage of the assets valued each year. The Code of Practice on Local Authority Accounting in the United Kingdom (The Code) states that to ensure that reliable valuations are contained in the balance sheet, the Chief Finance Officer and the valuer need to follow a process to determine the basis of valuation.

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