# Asset Valuation Insurance

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

## Key facts

- Public buyer: [ESSEX COUNTY COUNCIL](/buyers/essex-county-council/contract-awards)
- Contract winner: [NPS PROPERTY CONSULTANTS LIMITED](/contract-winners/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\.

## Related contract awards

- [NDORS Booking System](/contracts/ocds-b5fd17-652764a5-9885-4560-87b1-3ad5260098b7): ESSEX COUNTY COUNCIL
- [Subscription Based Research Services](/contracts/ocds-b5fd17-f776f94c-afa5-4342-ada4-0d138edbd792): ESSEX COUNTY COUNCIL
- [CO0346 Employee Assistance Programme](/contracts/ocds-b5fd17-a93a9b88-f390-429a-afc6-5837332dd27e): Essex County Council
- [THE PROVISION OF REDGRAVE COURT AND BUXTON SITE REVALUATIONS](/contracts/ocds-b5fd17-ecd403ce-ced8-47fc-99b5-9a0f7e40759d): Health & Safety Executive
- [GB-Colchetser: 0431 - Colchester Asset valuations for 2025](/contracts/ocds-b5fd17-a36a711d-5ace-4903-92b4-8f8f3f4d3190): Colchester City Council
- [Asset Valuations DRC 2024/25 & 2025/26](/contracts/ocds-b5fd17-89baa524-3280-4678-9b7b-2ca49606ee80): Cornwall Council

## Source

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