# RUG - Property Asset Valuations \(Further Competition RM6168\) - AWARD

> A sourced UK public sector contract award published by Rugby BC \(RUG\).

## Key facts

- Buyer: [Rugby BC \(RUG\)](/buyers/rugby-bc-rug/contract-awards)
- Supplier: [Bruton Knowles](/suppliers/bruton-knowles/public-sector-contract-awards)
- Award value: £187,500
- Award date: 20 May 2024
- Published: 8 November 2024
- Contract start: 1 January 2024
- Contract end: 31 December 2026
- Stage: awarded
- Procurement category: services
- Notice ID: 6e38ceec-2a34-4b88-86eb-6db2bf3a1ede-801200
- OCID: ocds-b5fd17-5cfff1be-b9d3-4992-85c3-308d05e17e3e

## Description

Rugby Borough Council \(the Council\) is seeking a contract to provide property valuations for all of the Council's property assets for up to three valuation periods for Financial Years 2023/24, 2024/25 and 2025/26, with the option for 2 one year extensions\. The Council currently has circa 125 property assets \(including offices, car parks, allotments, cemeteries, Parks, and investment properties\) plus 3,700 Houses and Flats held as part of the Housing Revenue account \(HRA\) which due to accounting and audit requirements must be valued for the authority's Annual Statement of Accounts to ensure the carrying amount in the accounts is not materially different from their current value\. This will include assets where the Council has a 'right of use' but does not own the asset, as per the IFRS16 accounting standard\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/6e38ceec-2a34-4b88-86eb-6db2bf3a1ede-801200)