Awarded contract

Asset Valuations DRC 2024/25 & 2025/26

Details

Value
£95,000
Duration
5 years
Topic
Real estate services
Published
24 October 2024

Tender description

The Supplier will be responsible for the Depreciated Replacement Cost (DRC) Asset Valuation contract for Resource Accounting purposes for the Council. The asset valuations required to be valued under the general five year rolling programme on a Depreciated Replacement Cost (DRC) basis (not leased in assets) to have a valuation date of 31st December 2024 (for the financial year 2024/25) and 31st December 2025 (for the financial year 2025/26).

Timeline

  1. Completed: Award date15 October 2024
  2. Completed: Award published24 October 2024
    Current notice
  3. Next: Contract expiry date14 October 2029in 3 years

About the buyer

Cornwall Council is a local authority with a central Commercial Services team that handles procurement and contract management. Every tender opportunity is advertised on Supplying the South West, the council's ProContract portal, whatever the contract value. Higher-value opportunities also appear on the Central Digital Platform, where suppliers must register under the Procurement Act 2023. Contracts Finder is no longer used for the council's notices. A commercial pipeline sets out anticipated outsourcing by directorate over the next three to five years. School and social care transport contracts are let through a separate Passenger Transport Services portal.

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 Cornwall Council's contract awards have been in health and social work, education and training and software and information systems.

Relevant CPV codes

  • 70000000 · Real estate services

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Decision makers

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Contact nameJob titlePhone numberWork email
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Contracts Manager+44 •••• ••••••

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