Estates Valuation Services Lincolnshire

Estates Valuation Services Lincolnshire

A full revaluation will require every property to have a site visit, and will therefore require valuers to be vetted.

Contract summary

Industry

    • Treasury services – 66600000
    • Renting or leasing services of own property – 70200000
    • Non-residential property renting or leasing services – 70220000

Location of contract

East Midlands

Value of contract

£50k

Published date

04 September 2019

Closing date

04 October 2019

Contract start date

01 November 2019

Contract end date

31 October 2021

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

 

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.

 

About the buyer

Contact name

Don Cornwall

Address

Force Headquarters, Deepdale Lane, Nettleham
Lincoln
LN2 2LT
ENG

Telephone

+44 1522947182

Email

donald.cornwall@lincs.pnn.police.uk

 

How to apply

Please apply directly to the buyer using the contact details provided, or follow the instructions given in the notice description or information section.