# Asset Valuation Insurance

> A sourced UK public sector contract award published by ESSEX COUNTY COUNCIL.

## Key facts

- Buyer: [ESSEX COUNTY COUNCIL](/buyers/essex-county-council/contract-awards)
- Supplier: [NPS PROPERTY CONSULTANTS LIMITED](/suppliers/nps-property-consultants/public-sector-contract-awards)
- Award value: £103,637
- Tender value: £103,637
- Award date: 15 November 2025
- Published: 21 February 2026
- Contract start: 17 November 2025
- Contract end: 31 March 2030
- Stage: awarded
- Procurement category: services
- Notice ID: de5a1d9a-204e-4846-a672-151fc488782c-885140
- OCID: ocds-b5fd17-17a24a0d-ae23-44ec-8a64-fdd3b35f049e

## Description

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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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/de5a1d9a-204e-4846-a672-151fc488782c-885140)