GB-Nottingham: AP26009 - Asset and Building Reinstatement Valuations 2026-31

Arc Property Services Partnership Limited
East Midlands
1 April 2026 to 30 November 2031

The contract involves annual capital accounting and building reinstatement valuations for a varying portfolio of council assets and school premises. Quantities are determined annually in September to support financial reporting and buildings insurance requirements. The service requires ongoing professional assessment of property values to ensure accurate insurance coverage and compliance with accounting standards throughout the contract term.

Open the official notice

Awarded value: £179k; As published
Published: 23 April 2026
Awarded: 21 January 2026; Align Property Partners
Contract length: 68 months; Ends 30 November 2031

What the contract covers

Call-off service contract

Provision of professional capital accounting asset valuations and building reinstatement valuations for local authority property portfolios and school premises.

Prepare capital accounting valuations (asset valuations) for all assets held by Nottinghamshire County Council, with the quantity varying annually.
Assess Building Reinstatement Valuations for all assets held by Nottinghamshire County Council, to provide reinstatement valuations for properties and enable suitable buildings insurance.

Terms and requirements

Contract type: Call-off service contract
Initial term: 12 months
Extensions: 12 months + 12 months + 24 months
Longest it can run: 60 months
Contract dates: 1 April 2026 to 30 November 2031
Certifications asked for: None stated
Suitable for SMEs: Not stated
Category: Services
CPV codes: 79419000, 71315300

Services in this contract

Property valuationsMain service£65k typicalCapital accounting asset valuations for all county council assets
Insurance reinstatement cost assessments£47k typicalBuilding reinstatement valuations for buildings insurance across all council assets

Lifecycle

Published
23 April 2026
Contract awardedto Align Property Partners
21 January 2026
Contract starts
1 April 2026
Contract ends
30 November 2031

The buyer

Arc Property Services Partnership Limited

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Recorded value: Locked
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The supplier

Align Property Partners

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Cite this contract

Link: https://bidskim.com/tender/1310453/gb-nottingham-ap26009-asset-and-building-reinstatement-valuations-2026-31
Buyer reference: BIP1031023552
Open contracting ID: ocds-b5fd17-55468fea-4966-43b2-9406-c76bd8e31f5f
Last checked: 5 November 2026

Arc Property Services Partnership Limited. GB-Nottingham: AP26009 - Asset and Building Reinstatement Valuations 2026-31. Contract award, 23 April 2026. BidSkim, https://bidskim.com/tender/1310453/gb-nottingham-ap26009-asset-and-building-reinstatement-valuations-2026-31 (accessed 5 November 2026).