Provision of Asset Valuations of Council owned property 2019/20

Tender description

Copeland Borough Council is seeking to appoint external valuers to undertake asset valuations of its property portfolio for the financial accounting period ending 31st March 2020. The valuations are required for capital accounting purposes and the preparation of the year end accounts for the periods 2019/20. This commission will cover: • The Council’s operational and non-operational assets, there are currently around 170 in the portfolio, in order to rebase the accounts and reflect any value changes which have arisen since they were last valued. • The valuation of any new or altered asset where either physical or economic impairment has arisen, capital expenditure has been incurred, or part disposals have taken place. • Valuation apportionments for assets where disposals have arisen during the course of the relevant financial year. • For all operational properties a reconsideration of their remaining useful asset life, and an apportionment of value for each between land and buildings for the purposes of calculating depreciation, together with componentisation advice where applicable. Further details are provided in the Invitation to Tender documents which will be made available upon registering an interest in this opportunity via The Chest Procurement Portal. All correspondence, clarifications and submissions must be made via The Chest. For support to use the Chest please contact Proactis Help Centre: https://supplierhelp.due-north.com/ Keywords: Valuers, Asset, Property, Valuation