Asset Valuation Insurance

Essex County Council
East of England
Selective procedure
17 November 2025 to 31 March 2030

The contract involves annual asset valuations for a property portfolio to ensure accurate buildings insurance coverage and compliance with CIPFA Code of Practice on Local Authority Accounting. The service requires professional surveying expertise to maintain financial reporting standards across the authority's property estate.

Open the official notice

Awarded value: £104k; As published
Published: 21 February 2026
Awarded: 15 November 2025; NPS Property Consultants
Contract length: 52 months; Ends 31 March 2030

What the contract covers

Framework call-off award

Provision of professional asset valuation and surveying services to support statutory financial reporting and buildings insurance requirements for public properties.

Provide professional asset valuation services to a suitably qualified valuation firm.
Maintain accurate buildings insurance valuations for all properties for which the customer holds responsibility.
Undertake asset valuation each year to meet 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.

Terms and requirements

Contract type: Framework call-off award
Procedure: Selective procedure
Initial term: 36 months
Extensions: 24 months
Longest it can run: 60 months
Contract dates: 17 November 2025 to 31 March 2030
Certifications asked for: None stated
Suitable for SMEs: Yes
Category: Services
CPV codes: 71250000

Services in this contract

Property valuationsMain service£65k typicalAnnual asset valuations for statutory accounts under the CIPFA Code
Insurance reinstatement cost assessments£47k typicalBuildings insurance valuations for all properties the council is responsible for

Lifecycle

Published
21 February 2026
Contract awardedto NPS Property Consultants
15 November 2025
Contract starts
17 November 2025
Contract ends
31 March 2030

The buyer

Essex County Council

Type: Locked
Contracts, 24 months: Locked
Recorded value: Locked
Typical contract: Locked
Property valuation contracts, 24 months: Locked

Buys most

Contact details

Name: Locked
Email: Locked
Address: Locked

See everything Essex County Council buys

The supplier

NPS Property Consultants

Contracts won, 24 months: Locked
Value won, 24 months: Locked
Buyers, 24 months: Locked
Size: Locked
Companies House number: Locked

Main buyers

See everything NPS Property Consultants has won

Similar property valuation contracts and prices

29 property valuation contracts were awarded in the East of England in the last 24 months. See who won them and what they went for, next to this one.

See who won them →

Cite this contract

Link: https://bidskim.com/tender/29569/asset-valuation-insurance
Buyer reference: EPP0271
Open contracting ID: ocds-b5fd17-17a24a0d-ae23-44ec-8a64-fdd3b35f049e
Last checked: 5 November 2026

Essex County Council. Asset Valuation Insurance. Contract award, 21 February 2026. BidSkim, https://bidskim.com/tender/29569/asset-valuation-insurance (accessed 5 November 2026).