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Published 9 Feb 2026, 11:57 GMT

Official UK procurement notice

Newcastle Airport Valuation · UK public procurement notice

Official notice

Authority: South Tyneside Council (Local council)

ServicesBelow threshold - open competitionBelow threshold
Sectors: Financial and insurance services (66)Business Services & Consultancy (79) Delivery: North East (UKC)
Published estimate£24,000£24,000 inc. VAT35.4% above final estimate
Submissions closed 2 Mar 2026awarded 1 May 2026
Awarded to PricewaterhouseCoopers Services LLP
Contract term 3 moends 31 May 2026 · starts 9 Mar 2026

What is being bought

Published requirement description

South Tyneside Council are the leading body of 7 Local Authorities who own a shareholding in Newcastle International Airport. It is a requirement that the Airport be shown in our Statement of Accounts at fair value and therefore regular formal valuations are required. South Tyneside Council are looking for a supplier to provide a detailed valuation of Newcastle airport with figures which can be incorporated into our 25-26 year end Statement of Accounts.

CPV: Financial and insurance services · Financial auditing services · Financial management consultancy services

The lotProcurement structure

single lot · value published
Lot #1Awarded 3 moPublished value£24,000
Contract period: 9 Mar 2026 – 31 May 2026 (3 mo)Value: £24,000 exc. VAT · £24,000 inc. VAT
Delivery: North East
66000000 Financial and insurance services79212100 Financial auditing services79412000 Financial management 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: 25%Price: 75%
Published sub-criteria (5)
  • Evidence of Delivery Similar Projects: 5%
  • Ability to Meet the Requirements: 5%
  • Delivery Methodology for the Overall Project: 10%
  • Delivery Team: 5%
  • Tender value: 75%
Published award criteria (5)
  • Evidence of Delivery Similar Projects
  • Ability to Meet the Requirements
  • Delivery Methodology for the Overall Project
  • Delivery Team
  • Tender value
What this means for your bid
  • Price carries 75 of 100 points: a 10% discount moves about 7.5 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
Below threshold - open competition
Legal basis
UKPGA · 2023/54 Procurement Act 2023
Procurement category
Services
Notice status
Awarded
Procurement threshold
Below threshold
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 Feb 2026, 11:57 GMT
Last source update
1 May 2026, 14:18 BST
Authority reference
F8591
FTS notice number
2026/S 000-011319
Latest notice
Contract details notice (UK7)
Classification (CPV)
Financial and insurance servicesFinancial auditing servicesFinancial management consultancy services
Delivery area
North East (UKC)
Official registry OCID
ocds-h6vhtk-064afa Find a Tender

How it was run

Official notice
Run through: OPEN-UK
Supplier login requiredElectronic submission allowed
Access & registration note: Free
Submission deadline
2 Mar 2026, 12:00 GMT
Clarification deadline
2 Mar 2026, 12:00 GMT
Submission channel
Official e-sourcing portal
Electronic submission
Allowed
Detailed submission instructions & authority contactsFrom official release

open-uk.org ↗

Timeline

9 Feb 2026 → 1 May 2026 · 5 dates
  1. Tender notice published260 days ago
    9 Feb 2026, 11:57 GMT
  2. Clarification questions by239 days ago
    2 Mar 2026, 12:00 GMT
  3. Submission deadline239 days ago
    2 Mar 2026, 12:00 GMT
  4. Contract starts232 days ago
    9 Mar 2026
  5. Latest notice published179 days ago
    1 May 2026, 14:18 BST

Notice history

3 events · 2 releases on Find a Tender · since 9 Feb 2026
  1. Tender notice published
    9 Feb 2026, 11:57 GMT
    UK4
  2. Contract details notice published
    1 May 2026, 14:18 BST
    UK7
  3. Status changed to complete
    1 May 2026, 14:18 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 1
Awarded value £32,5001 contract exc. VAT
Contracts signed 1latest 1 May 2026
Awarded toValueDateStatus
PricewaterhouseCoopers Services LLP£32,500 †—Awarded

Contracts

Contracting authority & participating public bodies

South Tyneside Borough Council

Contracting authorityPublic authority - sub-central government GB-PPON: PYPB-8737-VBHG Town Hall and Civic Offices, Westoe Road, South Shields, North East, NE33 2RLContact email

Bidders & participating suppliers

1 commercial party on the notice
  • PricewaterhouseCoopers Services LLPAwarded supplierGB-PPON: PGQW-5696-MMBH PricewaterhouseCoopers Services LLP is 1ST FLOOR, SUCHETA BHAWAN 11-A, VISHNU DIGAMBAR MARG, CENTRAL DELHI,, NEW DELHI, IN, 110002, INContact email

Official documents & specifications (2)

Official links; attachments are not copied

Notices published for this procedure

  • Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender
  • Tender notice tenderTender noticeUK4Tender notice on Find a Tender