GF Revaluations

Tender description

Kettering Borough Council are seeking quotations from suitably qualified and experienced companies to conduct stock valuation surveys and provide a report for resource accounting for General Fund Properties within the Borough of Kettering. The requirement is for 20% other land and building assets to be valued every year for five years resulting in all of the assets in this category being valued over the five year period. The requirement for investment properties and Assets held for sale is for all assets in this category to be valued every year for the five year period. Other land and building assets and Investment properties are to be valued at 1st of April each year with assets held for sale being valued at 31st March each year. The Council also requires a report each year containing movements on material assets between 1st April and 31st March. KBC currently have approximately 50 material assets. An Impairment/Market Review report is required as at 31 March each year that covers all the asset categories detailed above.