Valuation of Council Assets

Newcastle City Council seeks a single supplier for a five-year contract to conduct annual asset valuations, covering a percentage of assets each year. The work must comply with the Code of Practice on Local Authority Accounting in the UK to ensure reliable balance sheet valuations. The buyer is a local government authority serving Newcastle upon Tyne. No specific qualifications or set-asides are mentioned, but the supplier must be a qualified valuer familiar with public sector accounting standards. The contract is valued at an unknown amount, but the five-year duration suggests medium scale.