Expired contract

Valuation of Assets

Details

Value
£135,000
Duration
3 years
Topic
Real estate services
Published
24 November 2022

Tender description

Specialist practice to undertake a valuation of its assets in order to comply with CIPFA Code of Practice on Local Authority Accounting, RICS Valuation Professional Standards and the International Valuation Standards and International Standards on Auditing. Please note that in the event the extensions are utilised (up to 31 Dec 27) the value will be in the region of £225,000 (whole life cost).

Timeline

  1. Completed: Award published24 November 2022
    Current notice
  2. Completed: Award date1 January 2023
  3. Completed: Contract expiry date31 December 2025

About the buyer

Isle of Wight Council governs the island as a local authority, and advertises its tender opportunities through the South East Business Portal. Contracts Finder lists opportunities above a set value threshold, while larger contracts appear on the Find a Tender Service. Suppliers register free on ProContract, the system behind that portal, to receive notifications of new opportunities. The same portal carries opportunities from local authorities across the South East region. Public Contract Regulations 2015 govern the council's tender processes. Every business gets a fair and equal chance to compete for its contracts.

UK local government drives £140bn in annual procurement, led by social protection (£66.6bn) and education (£57.1bn).

Over the past 5 years, most of Isle of Wight Council's contract awards have been in software and information systems, IT services and construction work.

Relevant CPV codes

  • 70000000 · Real estate services
  • 79210000 · Accounting and auditing services

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Decision makers

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