TD1244 - Commercial & Residential Asset Valuations

Derby City Council (The Council) is running a further competition exercise under the Eastern Shires Purchasing Organisation (ESPO) Framework, 2700 Estate Management Consultancy Services Lot 1a-Fixed Asset Valuation.

The Council require Asset Valuations to be undertaken for both the Commercial and the Residential Portfolios. The core of the Council's Asset Valuation Programme consists of a 5 year rolling programme, whereby approximately 20% of the stock is valued each year. In addition, annual valuations are to be undertaken for all the housing stock, investment, surplus properties and properties held for sale (IFRS 13). Further valuations are also undertaken on properties whereby substantial capital expenditure has been incurred during the financial year.

The initial contract period is for three years;There will be an option to extend the contract for 2 years in 1 year increments, subject to satisfactory performance and business needs.