Investment Property Valuation

Concepts

• norwich
• accounting and auditing
• non-housing properties
• fixed asset valuation data
• regular valuations
• investment property valuation
• investment
• valuations
• valuation
• property

Location

NORWICH

Description

The Council has a need to obtain regular valuations of non-housing properties for accounting and insurance purposes. Specifically, fixed asset valuation data is required to be provided for inclusion in the Council's Statutory Statement of Accounts (SOA) in accordance with: • The Council's Closure of accounts table to ensure the statutory deadlines for Public Inspection of the Statement of Accounts are met. • The CIPFA Code of Practice on Local Authority Accounting in the United Kingdom and any other relevant CIPFA Code.

Total Quantity or Scope

The Supplier is required to provide fixed asset valuation data for inclusion in the Buyer's Statutory Statement of Accounts (SOA) in accordance with: - The Council's Closure of accounts table to ensure the statutory deadline for Public Inspection of the Statement of Accounts is met. - The CIPFA Code of Practice on Local Authority Accounting in the United Kingdom and any other relevant CIPFA Code.

Award Detail

Renewal Options

Initial contract term is for three years with an option to extend for a further year.

Award Criteria

CPV Codes

• 79210000 - Accounting and auditing services

Indicators

• Options are available.
• Award on basis of price.

Legal Justification

Contract is a call-off from Estate Management Services (RM6168) framework - Lot 5: Valuation and Compulsory Purchase Orders via Crown Commercial Services (CCS). Asset valuations and associated documentation. Available for all public sector organisations. Under the terms of the framework agreement, a Direct Award procedure is permitted to the most suitable supplier on the provision that the authority has followed its own internal governance requirements.