Contract award · 15 Nov 2025

Asset Valuation Insurance

Essex County Council awarded “Asset Valuation Insurance” to NPS Property Consultants Ltd for £104k on 15 Nov 2025.

Architecture & engineeringEast of England

Value £104k

Competition with a shortlist

Competitive procedure with a selection stage: suppliers were shortlisted before being invited to bid.

Key facts

Buyer
Essex County Council · Regional or local authority
Value
£103,636.62
Procedure
Call-off from a framework agreement
Sector
Architecture & engineering · Architectural, engineering and surveying services (CPV 71250000)
Timeline
  1. Contract date15 Nov 2025
  2. Published21 Feb 2026Published 98 days after the contract date

Description

The contract has been awarded for the provision of professional asset valuation services to a suitably qualified valuation firm. The contract will run for a period of five years (an initial three year term with the option to extend for a further two years.) It is required to maintain accurate buildings insurance valuations for all properties for which it holds responsibility. These valuations support in ensuring that appropriate insurance cover is maintained. The appointed supplier will undertake asset valuation each year, to meet its statutory financial reporting obligations under the Chartered Institute of Public Finance and Accountancy, (CIPFA) Code of Practice on Local Authority Accounting in the United Kingdom.

About the supplier

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