Published date: 5 October 2018

This notice was replaced on 16 November 2018

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 16 November 2018)

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Contract summary

Industry

  • Real estate services - 70000000

Location of contract

West Midlands

Value of contract

£150,000

Procurement reference

HEREFCC-DN369357-89315485

Published date

5 October 2018

Closing date

1 November 2018

Contract start date

21 February 2019

Contract end date

31 July 2021

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

Herefordshire Council requires formal asset valuations for inclusion in the Council's asset register and balance sheet by the end of the financial year. This needs to be undertaken in accordance with guidance produced by the RICS (Royal Institution of Chartered Surveyors) and the International Financial Reporting Standards (IFRS) - Code of Practice on Local Authority Accounting (the Code) published by CIPFA (Chartered Institute of Public Finance and Accountancy). An extract from the CIPFA Code guidance relating to the split of responsibilities between Valuer & finance colleagues is attached. Annual valuations are required for all investment assets, assets held for sale, surplus assets, assets changing asset class, assets substantially improved or impaired in addition to land and building assets valued bi-annually. A "market forces review" on a regional sector basis is required as a validation check to provide assurance that there has been no significant change in the value for those assets that have not been revalued in the financial year.

Herefordshire Council has published this opportunity on the 'Supplying the Southwest Portal'. To view the tender documentation related to this opportunity you will need to register on the portal, if you are not already register with Procontract, and express an interest in the opportunity.

To Register with Supplying the Southwest Portal (Procontract) click on the link below or copy and paste the link into your browser address bar; https://www.supplyingthesouthwest.org.uk

About the buyer

Contact name

Claire Bennett

Address

Council Offices
Plough Lane
Hereford
HR4 0LE
England

Telephone

+44 1432261994

Email

Claire.Bennett@herefordshire.gov.uk

Website

https://supplyingthesouthwest.org.uk