C273/2024/2025 - Testing Land Valuation Methodologies
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 altern...
Buyer
Llywodraeth Cymru / Welsh Government
Value
£375,000
Published
25 Jul 2025
Closes
12 May 2025
Procurement details
Source
Find a Tender
Region
Cardiff and Vale of Glamorgan
Procurement method
Open
Category
Services
Contract starts
7 Aug 2025
Contract ends
31 Mar 2026
CPV classifications
73110000
Research services
73200000
Research and development consultancy services
73000000
Research and development services and related consultancy services
73400000
Research and Development services on security and defence materials
Lots
Lot 1 Market Based Statistical Valuation
£75,000
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.
Delivery: UKL · United Kingdom
Lot 2 Advanced algorithmic and machine-learning applications
£75,000
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.
Delivery: UKL · United Kingdom
Lot 3 Formula-based valuation by land area
£75,000
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.
Delivery: UKL · United Kingdom
Lot 4 Conventional valuation approaches
£75,000
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).
Delivery: UKL · United Kingdom
Lot 5 Innovative or experimental approaches (Bidder-defined)
£75,000
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.
Delivery: UKL · United Kingdom
Documents
Unlock document linkTender notice on Find a Tender
11 Apr 2025
Tender notice on Find a Tender
Tender notice · UK4 · Web page
Contract award notice on Find a Tender
25 Jul 2025
Contract award notice on Find a Tender
Award notice · UK6 · Web page
Contains public sector information licensed under the Open Government Licence v3.0.