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2018/19 SARA - Review of Valuation Methodology

Department for Education Published 19 Feb 2020 Contracts Finder
The value below is a framework or dynamic market ceiling: the maximum that could be spent across all call-offs, not the value of a single contract. Aggregate figures on this site exclude these to avoid double counting.

key details

Value£27,255
Statuscomplete
Category (CPV) 79212000
RegionLondon
Deadline24 Nov 2019
Contract start29 Jan 2020
Contract end12 Jun 2020
Procedureselective
SME suitableNo
OCIDocds-b5fd17-3fc9c6be-4662-42f2-8e31-40c38c8743de

Award

SupplierValueDateStatus
PRICEWATERHOUSECOOPERS LLP £27,255 24 Nov 2019 active

description

Contract to gain assurance that the valuation methodology used in the Academy Sector Annual Report and Accounts (SARA) is fit for purpose.

Accounting standards require that a professional valuation be undertaken on the estate occupied by the academy sector on a rolling five-year basis. A fifth of the estate, c £10-12 billion, is valued annually. Given the specialist nature of the estate, this is completed using a Depreciated Replacement Cost methodology developed by professional surveyors. The annual valuation spend is c £350,000 - £400,000.

Contract awarded is to provide assurance over that methodology.

notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
19 Feb 2020 Award (award) · 202ecbf2-0ed1-4998-b7d0-1b6758cbd08f-344888

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