Asset Valuation Services Contract

Newcastle City Council is seeking a qualified service provider to deliver a five-year asset valuation contract. The work involves conducting annual valuations of council assets on a rotating basis, with a percentage of the total asset portfolio valued each year. This engagement requires compliance with the Code of Practice on Local Authority Accounting in the United Kingdom, ensuring that reliable and accurate valuations are recorded in the council's balance sheet. The successful supplier will work closely with the Chief Finance Officer to establish appropriate valuation methodologies and maintain comprehensive valuation processes. This is a single-award supply contract suitable for experienced valuation firms with expertise in local authority asset management and accounting standards.