GF Revaluations

Kettering Borough Council are seeking quotations from suitably qualified and experienced companies to conduct stock valuation surveys and provide a report for resource accounting for General Fund Properties within the Borough of Kettering.

The requirement is for 20% other land and building assets to be valued every year for five years resulting in all of the assets in this category being valued over the five year period.

The requirement for investment properties and Assets held for sale is for all assets in this category to be valued every year for the five year period.

Other land and building assets and Investment properties are to be valued at 1st of April each year with assets held for sale being valued at 31st March each year.

The Council also requires a report each year containing movements on material assets between 1st April and 31st March. KBC currently have approximately 50 material assets.

An Impairment/Market Review report is required as at 31 March each year that covers all the asset categories detailed above.

Additional information: For full details of the quotation requirements please see attached document.

Expected timescales for work:

In recognition of the timescales involved, we would like the 2015/16 surveys to commence December 2015 with a draft report prepared for consideration no later than 31st January 2016.

For future years we would like surveys to commence in time to provide a draft report prepared for consideration no later than 31st August ie: Surveys for the 2016/17 valuation would commence in time to allow a draft report to be submitted by 31st August 2016.

Quotation Requirements:

Submitted quotations will be based upon a 60% price and 40% quality assessment.

Quality assessment – the quality assessment will comprise your written responses to the statements below:

Price Assessment - The price assessment will be based upon completion of the form of quotation and pricing options contained within it.