009528 - Valuation of Council Assets

Newcastle City Council

Published: Jul 14, 2026

Updated: Jul 14, 2026

Source: uk_fts

About This Opportunity

This is a consulting contract in the finance and banking and audit and accounting sectors, with a focus on Accounting and Asset Valuation. Located in United Kingdom, Europe, this opportunity is open to firms and consortiums, with an estimated budget of GBP 600,000. Proposals must be submitted before August 10, 2026.

Published through UK FTS - Find a Tender Service, a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for consulting in the finance and banking sector. Consulting assignments are typically evaluated with a strong emphasis on the technical proposal, including the methodology and qualifications of key experts. Shortlisted firms may be invited to submit financial proposals in a second stage. Interested parties should review the full documentation on the original source before submitting their proposal.

Description

Newcastle City Council (NCC) wish to award a single supply a five-year contract to complete the Asset Valuation Process. This is to be carried on an annual basis with a percentage of the assets valued each year. The Code of Practice on Local Authority Accounting in the United Kingdom (The Code) states that to ensure that reliable valuations are contained in the balance sheet, the Chief Finance Officer and the valuer need to follow a process to determine the basis of valuation.

Data provenance

This notice is sourced from UK FTS - Find a Tender Service and was originally published on July 14, 2026. Last refreshed today. Reference: 066053-2026. BidsFactory mirrors official procurement notices and links back to the source for full legal text.

About Newcastle City Council

Newcastle City Council has issued 180 procurement notices on BidsFactory, including 16 currently open and 105 awarded contracts. Activity concentrates in Governance & Public Administration, Construction & Civil Works, and General Supplies & Services. All notices are published for United Kingdom. Notices are distributed via UK FTS - Find a Tender Service and UK Contracts Finder. Most recent publication: July 14, 2026.

Frequently asked questions about this tender

What type of contract is this?

This is a Consulting contract in the Finance & Banking sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.

What is the estimated budget?

The estimated contract value is £600,000 - £600,000. Bidders should ensure their proposals are consistent with this range and account for any local taxes and contract execution costs.

Where will the contract be performed?

The contract is for delivery in United Kingdom. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.

How can I submit a bid?

Visit UK FTS - Find a Tender Service to access the full notice, required documents, and submission instructions. Quote reference 066053-2026 when communicating with the contracting authority.

When does this tender close?

The submission deadline is August 10, 2026. You have 27 days left to prepare and submit your proposal to the contracting authority.

Who is the contracting authority?

This notice was issued by Newcastle City Council in United Kingdom. The authority is responsible for evaluating bids, awarding the contract, and managing performance.