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Written question asked by Paul Howell (Conservative) on Monday, 4 March 2024, in the House of Commons. It was due for an answer on Wednesday, 6 March 2024. It was answered by Nigel Huddleston (Conservative) on Tuesday, 12 March 2024 on behalf of the Treasury.

Housing: Valuation

Question

To ask the Chancellor of the Exchequer, with reference to the Valuation Office Agency's contract Contract Finder procurement reference VOA/2023/033, if he will list each of the associated contracts that have been awarded to assist the development of the Automated Valuation Model with (a) name of supplier and (b) awarded value; and what external datasets have been purchased to assist that development.

Answer

The Valuation Office Agency (VOA) has developed an Automated Valuation Model in-house as part of its preparations for the proposed Council Tax Revaluation in Wales. I would observe that this is a policy proposed by the Labour Welsh Government, and does not represent the policy position of the UK Government in England.

The let contract relates to an independent audit of the VOA’s Automated Valuation Model, undertaken to ensure it meets expected international standards.

VOA used its own data, and already available data from third parties, for the model development, at no additional cost. To assist with the development process, the VOA let a short-term advisory contract with the Center for Appraisal Research and Technology (CART), budgeted at $6,000.

Secondary information

Type
Written question
Reference
16861
Session
2023-24
Grouped for answer
Yes
Subjects
Housing Finance Procurement Valuation Valuation Office Agency
Link
View this Written question on www.parliament.uk