Wyre Council Asset Valuation and Financial Reporting
Awarded
Key facts
- Closing date
- Not stated by the buyer
- Buyer's estimated value
- Not stated The buyer's own estimate, not income to you.
- Procedure
- Below threshold - without competition
- Notice type
- Contract award notice (UK6)
Decision brief
Taken from the buyer's published notice (shown as written, shortened where long). Tenderpatch has not added to or interpreted it. Always read the official documents before bidding.
- How bids will be scored
- Not stated in the notice.
- Conditions of participation (what you must show)
- None published in the notice. They may be in the tender documents.
- Contract length and extensions
- Period not stated.
- How to submit
- Not stated in the notice.
- Tender documents
- No document links in the notice. Use the official notice link.
New to public tenders? Plain-English guide to this page
- Framework
- An agreement that sets terms for work the buyer may order later, often from several suppliers. The value shown usually covers the whole agreement, not one job.
- Open for bids / closing date
- You must submit by the closing date and time, normally through the buyer's own online portal. Late bids are normally refused.
- Clarification questions
- A deadline for asking the buyer questions about the tender. It is earlier than the closing date.
- Conditions of participation
- What the buyer asks suppliers to show before they can be considered, such as experience, insurance or accreditations.
- Bids are scored on
- How the buyer will compare bids, usually a split between price and quality. A 60/40 split in favour of quality means the cheapest bid will not necessarily win.
- Lots
- A tender can be split into parts. You can often bid for only the lots that suit you.
- Area (ITL)
- The buyer names an official statistical area for where the work is, not a street address. Check the tender documents for the actual sites.
- UK4 and other notice codes
- Official codes for the type of notice. A "tender notice" means bids are being invited.
General explanations written by Tenderpatch, not part of this notice.
Description
The Council's property portfolio comprises approximately:
62 Operational Land and Building assets.
67 Investment Property assets.
The Council requires property valuation services in accordance with all relevant accounting, financial reporting and valuation standards to support the preparation of its annual Statement of Accounts.
The successful provider shall deliver a consistent, proportionate and robust valuation service throughout the contract term, ensuring continuity of methodology, reporting and liaison with Council officers and external auditors.
Year 1 (Valuation Date: 31 March 2027)
The successful provider shall undertake:
Full valuation of all Operational Land and Building assets.
Full valuation of all Investment Property assets.
Inspection of all assets within both portfolios.
Provision of valuation reports and supporting valuation schedules, including Excel and Enterprise/KEL-compatible formats, suitable for financial reporting purposes.
Ongoing liaison with relevant Council officers and external auditors throughout the valuation process.
Year 2 (Valuation Date: 31 March 2028)
The successful provider shall undertake:
Full valuation of the Investment Property portfolio.
Indexation review of the Operational Land and Building portfolio.
Provision of valuation reports and supporting valuation schedules, including Excel and Enterprise/KEL-compatible formats, suitable for financial reporting purposes.
Preparation of an indexation report detailing the methodology adopted, indices applied and rationale for any value movements.
Sample inspections of selected assets across both portfolios to confirm the continued appropriateness of the indexation approach.
Technical support and liaison with external auditors as required.
Year 3 (Valuation Date: 31 March 2029)
The successful provider shall undertake:
Full valuation of the Investment Property portfolio.
Indexation review of the Operational Land and Building portfolio.
Provision of valuation reports and supporting valuation schedules, including Excel and Enterprise/KEL-compatible formats, suitable for financial reporting purposes.
Preparation of an updated indexation report detailing the methodology adopted, indices applied and rationale for any value movements.
Sample inspections of selected assets across both portfolios to confirm the continued appropriateness of the indexation approach.
Technical support and liaison with external auditors as required.