DRC Asset Valuations 2026
This tender has been awarded
The contracting authority has selected an awardee for this tender.
About This Opportunity
Consulting contract award: DRC Asset Valuations 2026. By Cornwall Council in United Kingdom, audit & accounting. Sub-category: asset valuation.
This is a consulting contract in the audit and accounting sector, with a focus on Asset Valuation. Located in United Kingdom, Europe, this opportunity is open to firms and consortiums.
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 audit and accounting 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. This contract has already been awarded. The information is published for transparency and market intelligence purposes.
Description
There is a requirement of Cornwall Council’s Capital Accounts that the ca.4,000 assets owned by the Council within the Council’s General Fund (GF) are valued over a 5-year rolling programme, i.e., at least 20% are valued each year. The Asset Valuation programme establishes the value of the assets to produce the final Capital Valuation figure for the Cornwall Council accounts. Due to the lack of capacity within the Cornwall Council Property Team and/or this more specialist area of valuation, the Asset Valuations valued on a Depreciated Replacement Cost (DRC) basis will be outsourced including Asset Valuations of some Specialist assets at year 2030/31. The outsourcing will be for the financial years 2026/27, 2027/28, 2028/29, 2029/30 and 2030/31, along with the corresponding external auditor queries to enable the Council’s accounts to be closed down.
Data provenance
This notice is sourced from UK FTS - Find a Tender Service and was originally published on March 31, 2026. Last refreshed 4 days ago. Reference: 029408-2026. BidsFactory mirrors official procurement notices and links back to the source for full legal text.
About Cornwall Council
Cornwall Council has issued 88 procurement notices on BidsFactory, including 12 currently open and 53 awarded contracts. Activity concentrates in Governance & Public Administration, Information & Communication Technology, and Health & Medical. All notices are published for United Kingdom. Notices are distributed via UK FTS - Find a Tender Service and UK Contracts Finder. Most recent publication: June 12, 2026.
Frequently asked questions about this tender
What type of contract is this?
This is a Consulting contract in the Audit, Accounting & Risk sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.
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 029408-2026 when communicating with the contracting authority.
Is this tender still open?
No — the contracting authority has selected an awardee for this notice. The record is kept for transparency and market intelligence.
Who is the contracting authority?
This notice was issued by Cornwall Council in United Kingdom. The authority is responsible for evaluating bids, awarding the contract, and managing performance.
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