Find a TenderAwardedContract award notice

Published 9 Jul 2026, 09:38 BST

Official UK procurement notice

009528 - Valuation of Council Assets

Authority: Newcastle City Council (Local council)

ServicesOpen procedureAbove thresholdSME suitable

Sectors: Real estate services (70)Business Services & Consultancy (79) Delivery: North East (UKC)North West (UKD)Yorkshire & Humber (UKE)

+6 more

East Midlands (UKF)West Midlands (UKG)East of England (UKH)London (UKI)South East (UKJ)South West (UKK)

Published estimate£600,000≈ £120k / year · £720,000 inc. VAT

Submissions closed 10 Aug 2026awarded 16 Sept 2026

Awarded to Capita PLC

Contract term 5 yrsends 31 Aug 2031 · starts 1 Sept 2026

What is being bought

Published requirement description

Newcastle City Council (NCC) wish to award a single supply a five-year contract to complete the Asset Valuation Process. This is to be carried on an annual basis with a percentage of the assets valued each year.

The Code of Practice on Local Authority Accounting in the United Kingdom (The Code) states that to ensure that reliable valuations are contained in the balance sheet, the Chief Finance Officer and the valuer need to follow a process to determine the basis of valuation.

CPV: Accounting, auditing and fiscal services · Evaluation consultancy services · Real estate services

The lotProcurement structure

single lot · value published

Lot #1Awarded 5 yrsSMEPublished value£600,000

Contract period: 1 Sept 2026 – 31 Aug 2031 (5 yrs)Value: £600,000 exc. VAT · £720,000 inc. VAT

Delivery: North East, North West, Yorkshire & Humber, East Midlands, West Midlands, East of England, London, South East, South WestEligibility: SME eligible

70000000 Real estate services 79200000 Accounting, auditing and fiscal services 79419000 Evaluation consultancy services

What it takes to win
i
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more

How bids were scored

Quality: 40%Price: 60%

Published award criteria (2)

Quality
Price

What this means for your bid

Price carries 60 of 100 points: a 10% discount moves about 6 points. This one is won on the number: sharpen the price before polishing the prose.

Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.

Procedure terms & legal framework

From the official record

Procedure method: Open procedure
Legal basis: UKPGA · 2023/54 Procurement Act 2023
Procurement category: Services
Notice status: Awarded
Procurement threshold: Above threshold (FTS publication)
Regulatory regime: Standard
Commercial structure: Stand-alone contract (no framework)
Competition type: Competitive procedure
GPA / WTO covered: Unspecified in notice
Recurring procurement: Unspecified in notice
First published: 9 Jul 2026, 09:38 BST
Last source update: 16 Sept 2026, 10:25 BST
Award evaluation window: Submission end – 24 Aug 2026
Authority reference: 009528
FTS notice number: 2026/S 000-064482
Latest notice: Contract award notice (UK6)
Classification (CPV): Accounting, auditing and fiscal servicesEvaluation consultancy servicesReal estate services
Delivery area: North East (UKC)North West (UKD)Yorkshire & Humber (UKE)East Midlands (UKF)West Midlands (UKG)East of England (UKH)London (UKI)South East (UKJ)
+1 more
South West (UKK)
Official registry OCID: ocds-h6vhtk-06c6fc Find a Tender

How it was run

Official notice

Submission deadline: 10 Aug 2026, 12:00 BST
Clarification deadline: 3 Aug 2026, 12:00 BST
Electronic submission: Allowed
Accepted languages: en

Detailed submission instructions & authority contactsFrom official release

Submit via OPEN portal - www.open-uk.org ↗

Timeline

9 Jul 2026 → 16 Sept 2026 · 7 dates

Tender notice published109 days ago
9 Jul 2026, 09:38 BST
Clarification questions by84 days ago
3 Aug 2026, 12:00 BST
Submission deadline77 days ago
10 Aug 2026, 12:00 BST
Award decision expected by62 days ago
24 Aug 2026, 23:59 BST
Contract starts55 days ago
1 Sept 2026, 00:00 BST
Assessment summaries sent40 days ago
16 Sept 2026, 00:00 BST
Latest notice published40 days ago
16 Sept 2026, 10:25 BST

Notice history

6 events · 3 releases on Find a Tender · since 9 Jul 2026

Tender notice published
9 Jul 2026, 09:38 BST
UK4
Tender notice published
14 Jul 2026, 11:18 BST
UK4
Deadline moved to 10 Aug 2026, 12:00 BST
14 Jul 2026, 11:18 BST
+7 days · was 3 Aug 2026, 12:00 BST
Contract award notice published
16 Sept 2026, 10:25 BST
UK6
Status changed to complete
16 Sept 2026, 10:25 BST
Contract signature expected
1 Oct 2026, 23:59 BST
scheduled

Published amendments (1)

The submission deadline has been extended by 7 days.

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast

Awards 1

Awarded value (inc. VAT) £228,5811 award inc. VAT; no net value published

Bids received 93 from SMEs

Awarded to	Value	Date	Status
Capita PLC1 Oct 2026 – 30 Sept 2031	£228,581 inc. VAT	16 Sept 2026	Awarded

Bid statistics published by the authority

Bids	SME	VCSE	Valid bid range
9final-stage tenders	3	0	—

Contracting authority & participating public bodies

Newcastle City Council

Contracting authorityPublic authority - sub-central government GB-PPON: PBHM-6848-TWYG Civic Centre, Newcastle Upon Tyne, North East, NE1 8QHContact email

Bidders & participating suppliers

1 commercial party on the notice

Capita PLCAwarded supplierGB-COH: 02081330GB-PPON: PNJG-7694-BTWT First Floor, 2 Kingdom Street, London, London, W2 6BDContact email

Official documents & specifications (3)

Official links; attachments are not copied

Notices published for this procedure

Contract award notice awardContract award noticeUK6Contract award notice on Find a Tender16 Sept 2026, 10:25 BST
Tender notice tenderTender noticeUK4Tender notice on Find a Tender14 Jul 2026, 11:18 BST
Tender notice tenderTender noticeUK4Tender notice on Find a Tender9 Jul 2026, 09:38 BST