# 2018/19 SARA - Review of Valuation Methodology

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

## Key facts

- Public buyer: [Department for Education](/buyers/department-for-education/contract-awards)
- Contract winner: [PRICEWATERHOUSECOOPERS LLP](/contract-winners/pricewaterhousecoopers/public-sector-contract-awards)
- Award value: £27,255
- Tender value: £27,255
- Award date: 24 November 2019
- Published: 19 February 2020
- Contract start: 29 January 2020
- Contract end: 12 June 2020
- Stage: awarded
- Procurement category: services
- Notice ID: 202ecbf2-0ed1-4998-b7d0-1b6758cbd08f-344888
- OCID: ocds-b5fd17-3fc9c6be-4662-42f2-8e31-40c38c8743de

## Description

Contract to gain assurance that the valuation methodology used in the Academy Sector Annual Report and Accounts \(SARA\) is fit for purpose\. Accounting standards require that a professional valuation be undertaken on the estate occupied by the academy sector on a rolling five-year basis\. A fifth of the estate, c £10-12 billion, is valued annually\. Given the specialist nature of the estate, this is completed using a Depreciated Replacement Cost methodology developed by professional surveyors\. The annual valuation spend is c £350,000 - £400,000\. Contract awarded is to provide assurance over that methodology\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/202ecbf2-0ed1-4998-b7d0-1b6758cbd08f-344888)