Published date: 19 February 2020

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 24 November 2019

Contract summary

Industry

  • Auditing services - 79212000

Location of contract

London

Value of contract

£27,255

Procurement reference

tender_230662/838642

Published date

19 February 2020

Closing date

24 November 2019

Contract start date

29 January 2020

Contract end date

12 June 2020

Contract type

Service contract

Procedure type

Call-off from a framework agreement

A mini-competition or direct purchase from a pre-established framework agreement.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

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.

More information

Attachments

Award information

Awarded date

24 November 2019

Contract start date

29 January 2020

Contract end date

12 June 2020

Total value of contract

£27,255

This contract was awarded to 1 supplier.

PRICEWATERHOUSECOOPERS LLP

Address

1 Embankment Place, London, WC2N 6RH

Reference

Companies House number: OC303525

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Stuart Park

Address

Sanctuary Buildings, 20, Great Smith Street
London
SW1P 3BT
England

Email

Stuart.PARK@education.gov.uk