Published Date: 4 September 2019
Tender Status: active
Tender Opening Date: 4 September 2019
Tender Closing Date: 4 October 2019
Award Date: n/a
Contract Start Date: n/a
Contract End Date: n/a
Contract is suitable for SMEs: Yes
Contract is suitable for VCSEs: No
Official Journal of the European Union (OJEU) Contract Type: Services
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.
Contact name: Don Cornwall
Address: Force Headquarters, Deepdale Lane, Nettleham
Lincoln
LN2 2LT
ENG
Telephone: +44 1522947182
Fax: n/a
Email: [email protected]
Price Range: £50,000
