Published date: 1 December 2017
This notice was replaced on 3 January 2018
This notice does not contain the most up-to-date information about this procurement. The most recent notice is:
Awarded contract (published 3 January 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
£40,000
Procurement reference
DN311656
Published date
1 December 2017
Closing date
15 December 2017
Contract start date
8 January 2018
Contract end date
31 July 2018
Contract type
Service contract
Procedure type
Open procedure (below threshold)
Any interested supplier may submit a tender in response to an opportunity notice.
This procedure can be used for procurements below the relevant contract value threshold.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
Herefordshire Council requires formal asset valuations for part of its property portfolio for inclusion in the Council's asset register and balance sheet by the end of this 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). 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 those timetabled as part of a 5 year rolling programme. 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 this year. In addition a review is required of those assets included on the list to be valued this year to verify whether there has been a significant chance in value between the valuation date
More information
Additional text
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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
Plough Lane
Hereford
HR4 0LE
England
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