DRC Asset Valuations 2026
Details
- Buyer
- Cornwall Council
- Supplier(s)
- NPS Property Consultants Ltd
- Value
- £194,581
- Duration
- 5 years
- Published
- 12 May 2026
- Source
- uk:procontracts
Tender description
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. Keywords: Estate Management
Timeline
- Completed: Award date5 May 2026
- Completed: Award published12 May 2026Current notice
- Next: Contract expiry date4 May 2031in 4 years
About the buyer
Cornwall Council is a local authority with a central Commercial Services team that handles procurement and contract management.
A commercial pipeline sets out anticipated outsourcing by directorate over the next three to five years.
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.
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@cornwall-council.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@cornwall-council.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@cornwall-council.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@cornwall-council.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@cornwall-council.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@cornwall-council.gov |
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