# Professional Services - Independent Audit of Valuation Model \(Welsh Revaluation\)

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Valuation Office Agency](/buyers/valuation-office-agency/contract-awards)
- Contract winner: International Association of Assessing Officers \(Professional Co
- Award value: £115,563
- Tender value: £115,563
- Award date: 23 August 2023
- Published: 4 September 2023
- Contract start: 1 September 2023
- Contract end: 15 December 2023
- Stage: awarded
- Procurement category: services
- Notice ID: ac57b882-52a0-4e98-a139-1a29dbfd08bd-677109
- OCID: ocds-b5fd17-9f9077a2-941b-4b2a-a26f-34af7daa4060

## Description

The Welsh Government has commissioned the VOA to carry out a revaluation of all domestic property in Wales\.  To facilitate this, the VOA has built an Automated Valuation Model \(AVM\) to value some 1\.5 million properties\.  The VOA is seeking to appoint an external Supplier, who has experience, and a proven substantial track record, to undertake an independent audit of the AVM to confirm that its performance meets the standards expected by the International Association of Assessing Officers\. This purchase is for the services and expertise to provide official accreditation for the performance of the AVM\. This activity will be required to be delivered in late Q2 2023-24 / early Q3 2023-24\.

## Related contract awards

- [Move Management services](/contracts/ocds-b5fd17-e501a764-d241-44f0-9456-f71d2170ceaf): Valuation Office Agency
- [Level 6 Chartered Surveyor Apprenticeship for both BSc & MSc Routes to the Valuation Office Agency](/contracts/ocds-b5fd17-6936c94a-a3cf-4da4-a558-9c260201cdac): Valuation Office Agency
- [Dwelling Area Estimates](/contracts/ocds-b5fd17-f5e8be1d-af27-4c8c-b1f4-733b5bc2b632): Valuation Office Agency

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/ac57b882-52a0-4e98-a139-1a29dbfd08bd-677109)