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Estates Valuation Services

The Police & Crime Commissioner for Lincolnshire Published 4 Sept 2019 Contracts Finder

key details

Statusactive
Category (CPV) 66600000 +4 more
RegionEast Midlands
Deadline4 Oct 2019
Contract start1 Nov 2019
Contract end31 Oct 2021
Procedureopen
SME suitableYes
OCIDocds-b5fd17-c251878f-f376-4844-a3c3-167cecd8a4d3

description

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.

documents

Documents are linked, not mirrored. They are served by the publishing authority and may require registration.

notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
4 Sept 2019 Tender (tender) · 31149889-41b5-461e-9144-8a2baf907f55-311964

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