Property Revaluation Services – Reinstatement Cost Assessment

Tender description

LIT0687 - Property Revaluation Services – Reinstatement Cost Assessment for the University of Edinburgh Tender documents available from Public Contracts Scotland. See tender documents for further detail Tender returns should be submitted via Public Contracts Scotland, no paper copies will be accepted. Should paper tenders be submitted, they will be rejected. Further to this any questions or communications regarding individual tender exercises must be sent via the Public Contracts Scotland Portal. Tender queries received through any other channel will not be answered. Should users of Public Contracts Scotland have any problems with the web site they should contact website Support Desk, contact details can be found by following the ‘Contact Us’ option on the left hand menu at http://www.publiccontractsscotland.gov.uk/default.aspx The University of Edinburgh requires a Reinstatement Cost Assessment of Buildings to be prepared for its estate to provide a declared reinstatement value to provide to insurers with current valuations on a reinstatement basis using a reasonable methodology. The University is seeking to ensure that the total declared value is adequate, as well as the any one loss limit. The exercise is to be conducted in accordance with the Royal Institution of Chartered Surveyors (RICS) Guidance Note; Reinstatement Cost Assessments of Buildings, 3rd Edition February 2018. Basis of Valuation The figures provided should be an assessment of the cost of reinstating the buildings on the basis of total loss or such substantial damage that the buildings require demolition and reconstruction. See ITT specification for more information within PCS-Tender