CWC26088MW - Asset Valuation for Other Land and Building & Investment Properties
Wolverhampton City CouncilEstimated Value
Not specified
Deadline
16 July 2026
Published
1 July 2026
Type
Not specified
Overview
The purpose of this Preliminary Market Engagement (PME) is to seek input from potential suppliers within the market, to establish Asset Valuations for Other Land and Building & Investment Properties. The PME will provide an opportunity for City of Wolverhampton Council (CWC) to obtain an insight into how potential suppliers might approach the delivery of this service and gain an understanding into the likely level of interest from the market.
AI Analysis
Powered by AI — always verify against official documents
The UK government needs an independent valuation of its land, buildings, and investment properties to establish their current financial worth for accounting purposes. This is a professional services contract requiring a qualified surveyor or valuation firm to assess and report on the value of government-owned real estate assets.
Requirements
- Must be a qualified valuer or surveyor firm (likely RICS-registered or equivalent professional body membership)
- Professional indemnity insurance required
- Experience valuing public sector or large institutional property portfolios
- Ability to work to accounting standards (likely IFRS 13 or similar valuation frameworks)
- Clearance or ability to obtain security clearance for access to government sites
- Capacity to handle confidential financial and property information
Key Tasks & Deliverables
- Conduct full market valuations of government-owned land parcels
- Assess current market value of government buildings and structures
- Evaluate investment properties held by the government
- Produce detailed valuation reports compliant with accounting standards
- Provide valuation breakdown suitable for financial statements and asset registers
- Attend site inspections and gather property data as needed
How to Read This Tender
- 1Check the 'Scope of Work' section carefully — count how many properties need valuing and their geographic spread, as this affects your costs and timescales.
- 2Look for 'Valuation Basis' requirements — the government will specify whether they want Market Value, Fair Value, or another standard; you must use exactly what they ask for.
- 3Find the 'Timetable' section — valuation projects often have tight deadlines tied to year-end accounts, so check if you can meet their schedule.
- 4Review 'Data Provision' — understand what information the government will give you versus what you must source yourself (surveys, planning records, etc.).
- 5Check insurance and liability limits — public sector contracts often require higher professional indemnity cover than commercial work.
Tips for Small Businesses
- If you're a sole practitioner or small firm, consider partnering with a larger surveyor practice as a subcontractor — the lead firm handles the contract, you provide valuation expertise and site work, reducing your risk.
- Government valuations require detailed methodology and written justification of every figure; budget extra time for documentation and be prepared to defend your valuations if challenged.
- Clarify upfront whether the government will provide site access and existing surveys, or whether you're responsible for organising inspections — this significantly impacts your project costs and timeline.
Likely incumbents
Suppliers who won similar work from this buyer in the last 5 years.
- 1
Aecom Limited
3 contracts wonlatest 23 Jun 2026ends 12 Jul 2027£1m
total awarded
- 2
Waterman Aspen
3 contracts wonlatest 11 Jun 2026ends 18 Jun 2027£387,430
total awarded
- 3
Aebi Schmidt UK Ltd
- 4
Blackburn IT Services (Trading as bbits)
- 5
Keon Homes Limited
Aecom Limited is the most likely incumbent based on recency and category match. To win, bidders typically need a clearly differentiated proposition or a price advantage.
Before you bid, buyers check
two years of filed accountsyour financial standingturnover vs contract valueyour Companies House recordcash flow for 30-day termscredit scores and ratios
Actions
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Buyer Profile
Wolverhampton City CouncilKey Dates
Published
1 July 2026
Submission deadline
16 July 2026
Source
procontract
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