Source: https://tendernation.io/opportunities/01a13c7c-4072-7082-a271-95874cc8e0ae/dfe-academies-land-and-buildings-valuation

awarded GB restricted procedure Suitable for SMEs

# DfE Academies Land and Buildings Valuation

[Department for Education](https://tendernation.io/buyers/department-for-education)

Estimated value

£1,512,100

Published

12 Aug 2021

Deadline

Closed

11 May 2021

## Who can bid

- Buyer says suitable for SMEs

    The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid.

[More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses)

## About this tender

The Academies Land and Building Valuation Services contract is required to support the statutory requirement of the department to value the estates of academies to prepare for the Sector Annual Report and Accounts (SARA). Estate valuation is a specialist service for which the department does not possess suitable capability. The current contract, which includes a compliant 12-month extension, is due to expire on 31/08/2021.

To enable Sector Annual Report and Accounts to be published without qualification from the auditors, the number of academy schools for which Financial Reporting Division (FRD) must request a valuation is between 1,800 and 3,500 per annum.

The valuations will include both 'on-site' and 'desk based' assessments with an estimated split of between 10-20% of the valuations to be physical inspections. The exact percentage is to be suggested by the supplier and agreed with the FRD.

Additionally, International Financial Reporting Standard (IFRS) 16 is currently deferred until 1 April 2022; however once introduced will trigger a one-off increase in the number of valuations required.

## CPV classification

Real estate services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/b6fbe3aa-4cf1-43a0-b9ac-11c21c846082)

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