Asset Valuation Insurance

ESSEX COUNTY COUNCIL · awarded 15 November 2025

£104k Award value £103,636
1 Supplier Recorded as a large business
31 Mar 2030 Runs until from 17 Nov 2025

Who

BuyerESSEX COUNTY COUNCIL CHELMSFORD
Supplier NPS PROPERTY CONSULTANTS LIMITED
Categoryservices
ClassificationArchitectural, engineering and surveying services CPV 71250000
Notice published21 February 2026

What it is for

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.

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