Financial Asset Valuation
This is a large award for Business Services — above three-quarters of comparable contracts. Based on 57,319 valued Business Services tenders in our corpus.
Wiltshire Council publishes Business Services work continuously — 37 notices, roughly one every 40 days. This is a stream to watch, not a cycle to wait for.
32% of Wiltshire Council’s awards go to a supplier it has used before.
Which is the argument for getting on the list rather than winning this one. The incumbent is rarely the last winner — it is the roster. See the retention odds by category →
This PME is being carried out under GCA Framework RM6343 Estate Management Services 2.
Only the 35 suppliers appointed to Lot 5: Valuation and Compulsory Purchase Orders are invited.
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 that will be able to provide the Authority with valuations that are compliant and with the relevant professional standards and guidance in place.
What the notice asks for
The Consultant is required to provide
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:.
An annual valuation of assets being held
An annual valuation of assets being held for investment purposes must also be carried out.
Asset valuations must have regard to any
Asset valuations must have regard to any impairment events.
Sentences from the notice that state an obligation, surfaced automatically and shown in the order they appear. Not an exhaustive list — always confirm against the tender documents.
What this notice demands of you
1 named, none in explicit obligation language. Each one is quoted from the notice.
This PME is being carried out under GCA Framework RM6343 Estate Management Services 2.
Matched against the notice text, so this is a floor — the tender pack will demand things the notice never mentions. “Says must” means the quoted sentence itself used obligation language; anything ambiguous is left as a mention.
Make the case to bid
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- OCID
- ocds-h6vhtk-06b43a
- Stage
- planning · planning
- Source
- Find a Tender
- Buyer ref
- 057839-2026
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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