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RUG - Property Asset Valuations (Further Competition RM6168) - AWARD

Rugby BC (RUG) Published 8 Nov 2024 Contracts Finder

key details

Statuscomplete
Category (CPV) 71315300
Deadline10 Nov 2023
Contract start1 Jan 2024
Contract end31 Dec 2026
SME suitableYes
OCIDocds-b5fd17-5cfff1be-b9d3-4992-85c3-308d05e17e3e

Award

SupplierValueDateStatus
Bruton Knowles £187,500 19 May 2024 active

description

Rugby Borough Council (the Council) is seeking a contract to provide property valuations for all of the Council's property assets for up to three valuation periods for Financial Years 2023/24, 2024/25 and 2025/26, with the option for 2 one year extensions.

The Council currently has circa 125 property assets (including offices, car parks, allotments, cemeteries, Parks, and investment properties) plus 3,700 Houses and Flats held as part of the Housing Revenue account (HRA) which due to accounting and audit requirements must be valued for the authority's Annual Statement of Accounts to ensure the carrying amount in the accounts is not materially different from their current value. This will include assets where the Council has a 'right of use' but does not own the asset, as per the IFRS16 accounting standard.

notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
8 Nov 2024 Award update (awardUpdate) · 6e38ceec-2a34-4b88-86eb-6db2bf3a1ede-801202

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