Closed tender

Estates Valuation Services

Details

Value
GBP 50,000
Topic
Treasury services
Published
4 September 2019
Submission
4 October 2019

Tender description

The CIPFA code of practice on local authority accounting 2018/19 requires that 'assets must be revalued every five years as a minimum, but confirms that assets must be revalued more regularly where a five-yearly valuation is insufficient to keep pace with material changes in current value'. The five year milestone is 01.04.2021, however with the potential for a new valuer being appointed it is prudent to have them carry out a full revaluation as at 01.04.2019. A full revaluation will require every property to have a site visit, and will therefore require valuers to be vetted. There are a mixture of property types that will need to be classified in accordance with CIPFA and RICS. Valuation bases will need to be agreed between Lincolnshire Police and the valuer. Accounting Policies of Lincolnshire Police will need to be adhered to. Throughout the valuation exercise the valuer must adhere to RICS Appraisal and Valuation standards (Red Book) and CIPFA requirements.

Timeline

  1. Completed: Tender published4 September 2019
    Current notice
  2. Completed: Submission date4 October 2019

About the buyer

The Police and Crime Commissioner for Lincolnshire is a public sector buyer in United Kingdom publishing tenders and awards on Stotles. Explore their procurement activity and find more opportunities like this one.

Relevant CPV codes

  • 66600000 · Treasury services
  • 70200000 · Renting or leasing services of own property
  • 70220000 · Non-residential property renting or leasing services
  • 79210000 · Accounting and auditing services
  • 79400000 · Business and management consultancy and related services

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