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CO1864 Financial Asset Valuation (FAV)

Awarded

CO1864International

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

AI Contract Overview

Wiltshire Council has awarded contract CO1864 for Financial Asset Valuation services to Align Property Partners Limited for a value of 500,000 pounds excluding VAT. The contract runs from October 23, 2026, to October 22, 2029, with a potential extension through 2031. The appointed consultant is responsible for providing valuations for a general fund asset portfolio estimated at 830 million pounds, comprising approximately 640 property assets including schools, leisure centres, libraries, offices, and depots. All work must comply with the Chartered Institute of Public Finance and Accountancy Code of Practice on Local Authority Accounting and other relevant professional standards. The scope of work includes a five-year rolling programme where one third of general fund assets are valued annually, supplemented by an annual material movement report for remaining assets. Additionally, the consultant must perform annual valuations for assets held for investment, HRA housing stock, garages, and the Council's agricultural estate, with the option to subcontract agricultural valuations if necessary. The requirements further encompass individual asset valuations based on componentisation policies, an annual review of useful asset lives, and assessments regarding impairment events. This procurement was conducted via the GCA Framework RM6343 Estate Management Services 2, Lot 5.

General Info

Align Property Partners will provide asset valuations for Wiltshire Council worth 500,000 pounds.

Agency

Wiltshire Council

Contract Value

NAICS

531320 - Offices of Real Estate Appraisers

Place of Performance

GBR

Set-Aside

NONE

Awardee

Align Property Partners

Award Issued Date

10/11/2026, 12:00:00 AM UTC

Documents

Wiltshire Council - CO1864 Financial Asset Valuation (FAV) Award

award

Low

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Timeline

PhaseAwarded

PostedOct 12

Award Notice

AwardedOct 11

Contract was awarded

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Organization & Contact Information

AgencyWiltshire Council

Contacts1 person available

OfficeN/A

Organization / AgencyWiltshire Council

Office AddressN/A

Contacts

Julia Simpkins

contact@example.gov

Full Description

Wiltshire Council owns a varied general fund asset portfolio in the region of 640 property assets including leisure centres, schools, car parks libraries, offices and depots. The total general fund asset value is currently estimated at approximately £830m. The Consultant is required to provide the Authority with valuations that are compliant with the relevant professional standards and guidance in place at the date point of the valuations, which includes: • Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Practice on Local Authority Accounting (‘The CIPFA Code’) and any other relevant guidance. The Authority requires a five-year rolling programme of its general fund assets (i.e. a third of the general fund assets valued annually), and an annual material movement report for its general fund assets for those assets not valued in that year. • An annual valuation of general fund assets covering asset classes that require annual valuations. • An annual valuation of assets being held for investment purposes must also be carried out. • The Authority also requires annual year end-valuations for the Council’s HRA housing stock and garages. • Individual asset valuations will be required for individual components in accordance with the Authority’s accounting policy on componentisation. • The Authority requires an annual review of useful asset lives. • Asset valuations must have regard to any impairment events. • The instruction will include valuations of the Council’s agricultural estate. It is recognised that the Consultant may not have the expertise within the firm to value agricultural property. In such circumstances, it will be acceptable to sub-contract the valuation of agricultural property. The aim is to appoint a consultant/s by using the GCA Framework RM6343 Estate Management Services 2; Lot 5 Valuation and Compulsory Purchase Orders that will be able to provide the Authority with valuations that are compliant and with the relevant professional standards and guidance in place.