BPSQ 065 - Housing Stock Asset Valuation 2022-2024

Tender description

The Council requires a supplier for the provision of Housing Stock Asset Valuations 2022-2024.This contract will be for a period of 2 years commencing 9th January 2023 and expiring 8th January 2025. The Council requires a supplier for the provision of its Housing Stock Asset Valuations for financial reporting purposes for a 2-year programme commencing for the fiscal year 2022/23. This will include a mixture of tenanted residential units of varying ages and character together with various garages. The supplier is required to determine a valuation of the Housing stock assets held by the Council as identified in the Asset Register compiled annually and valued as of 19th February 2023 and each subsequent year for inclusion in the authority's balance sheet in accordance with the Chartered Institute of Public Finance and Accounting (CIPFA) Code of Practice. The supplier will review and give assurance that the values at the end of each financial year (31st March) will be materially correct and if necessary, update any valuations, where the movement is material. Requirements/Specification The supplier is required to provide a valuation of the city owned residential properties with photos and comparable evidence each year of the contract for inclusion in the authority's balance sheet in accordance with the Chartered Institute of Public Finance and Accounting (CIPFA) Code of Practice and as detailed within Appendix 1. o The Council requires the Housing stock to be valued on the following basis: o Traditional /main housing stock (Freehold and Leasehold)- Beacon approach o Independent Garages - Investment Valuations o High Rise Residential blocks of flats / Housing of non-traditional construction (Defective buildings) - Discounted Cash Flow (DCF) requiring updating existing spreadsheet. To enable to the Council to achieve its objectives, the successful supplier(s) will be required to fulfil the following, o Inspection and valuation for the year's asset valuation programme. o Inspection and valuation of additional list of the year's assets o Revision of valuations queried as part of the Quality Assurance process o There are to be 2 weekly meetings with BCC to monitor progress and receive feedback and queries o Provide final agreed valuations in the excel spreadsheet provided by BCC o Respond and resolve any external audit enquiry N.B: The above is an outline specification, and a more detailed specification is provided in Appendix 1. The Council will be using its free to use e-tendering system (in-tend) for the administration of this procurement process and potential suppliers must register with the system to be able to express an interest. If you wish to express an interest in this opportunity, please click on the following link to access https://in-tendhost.co.uk/birminghamcc/ and submit your details to register. You will then be sent details on how to log on w... Additional information: Is a Recurrent Procurement Type? : No