C273/2024/2025 - Testing Land Valuation Methodologies

A Tender Notice
by LLYWODRAETH CYMRU / WELSH GOVERNMENT

Source
Find a Tender
Type
Contract (Services)
Duration
8 month
Value
£375K
Sector
PROFESSIONAL
Published
11 Apr 2025
Delivery
11 Jun 2025 to 10 Feb 2026
Deadline
12 May 2025 13:00

Concepts

Location

Wales:

Geochart for 1 buyers and 0 suppliers

1 buyer

Description

The research is intended to focus on practical approaches to undertaking the valuation of land. Consideration of a range of methodologies is necessary, to allow for comparison as well as testing the challenges and outputs. Bidders are invited to make bids within each of the four lot categories described in this document, which reflect the range of established and emerging approaches applied to value land in both international practice and research literature. A fifth lot category offers a ‘free’ choice of an alternative methodology to be proposed by the bidder. Bidders can bid for 1, more than 1 or all 5 lot categories. A maximum number of the 3 highest placed bidders will be awarded a contract under each of the lots.

Lot Division

1 Market Based Statistical Valuation
  • Value: £75K

Lot 1 aims to test the use of market transaction data alongside statistical techniques to estimate the value of land in Wales at a granular level.

Award Criteria
Knowledge of context _
Research Approach _
Expertise and Resourcing _
Project Management _
Commercial _
2 Advanced algorithmic and machine-learning applications
  • Value: £75K

This lot aims to test the application of advanced automation, supervised and/or unsupervised machine-learning, and/or AI techniques to facilitate the mass appraisal of land in Wales at a granular level.

Award Criteria
Knowledge of context _
Research Approach _
Expertise and resourcing _
Project Management _
Commercial _
3 Formula-based valuation by land area
  • Value: £75K

This lot aims to identify and apply transparent, low-input formulae to approximate a land value by parcel size that can be benchmarked against more complex and costly valuation methods.

Award Criteria
Knowledge of context _
Research Approach _
Expertise and Resourcing _
Project Management _
Commercial _
4 Conventional valuation approaches
  • Value: £75K

This lot invites the application of well-established approaches used by the valuation profession to land in Wales, with an emphasis on extending expertise to value-built land (i.e. the land underlying commercial and residential spaces).

Award Criteria
Knowledge of context _
Research Approach _
Expertise and Resourcing _
Project Management _
Commercial _
5 Innovative or experimental approaches (Bidder-defined)
  • Value: £75K

This lot category invites bids that are not otherwise covered in the other categories. We are open to bidder-defined proposals. This may include novel approaches (or innovative combinations), or other existing methods from research or practice.

Award Criteria
Knowledge of context _
Research Approach _
Expertise and Resourcing _
Project Management _
Commercial _

CPV Codes

  • 73110000 - Research services
  • 73200000 - Research and development consultancy services

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. **

Reference

Domains