2018/19 SARA - Review of Valuation Methodology
Department for Education · London
Key facts
- Contract value
- £27,255
- Awarded
- 24 Nov 2019
- Contract starts
- 29 Jan 2020
- Contract ends
- 12 Jun 2020
- Procedure
- Call-off from a framework agreement (framework)
- Buyer type
- Central government
Awarded to
| Supplier | Value |
|---|---|
| PRICEWATERHOUSECOOPERS LLP | £27,255 |
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.
Categories (CPV)
- 79212000 Auditing services
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