Source: https://tendernation.io/opportunities/01a13c21-0817-7363-9522-93cf2fa4391d/assets-valuation-invitation-to-quote awarded GB open procedure Suitable for SMEs # Assets Valuation invitation to quote [Harborough District Council](https://tendernation.io/buyers/harborough-district-council) Estimated value £25,000 Published 9 Nov 2017 Deadline Closed 8 Dec 2017 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Small contract value Valued under £135,018 including VAT, the lowest Procurement Act threshold for goods and services. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender Harborough District Council is procuring a suitable supplier to provide Portfolio Valuation services in respect of our General Fund Assets. Local Government capital accounting requires the value of the Council's property assets to be properly shown in the Statement of Accounts. Valuations for inclusion in the local authority accounts must be provided in accordance with the relevant sections and standards contained within the current edition of the RICS Valuation - Professional Standards, incorporating the International Valuation Standards Global and UK editions (the Red Book). Valuations must also comply with the Chartered Institute of Public Finance and Accountancy (CIPFA) current edition of the Code of Practice on Local Authority Accounting in the United Kingdom. Valuations must be undertaken by suitably qualified and accredited valuers. The Council is introducing a rolling valuation programme to encompass each asset within a 5 year period. A formal valuation will be required for each asset identified in the rolling programme, for the relevant year concerned. In addition, a desktop valuation exercise will be required, each year. This report would not comment on specific values, but rather comment on a sector basis, such as retail, office etc., to cover property types. With regards to the Depreciated Replacement Cost properties, the changes in build costs would be required. A "comfort" letter will also be required, dated 31 March, to confirm that no material factors have arisen since the 31 January valuation date that would cause a revision to the valuation advice provided in the 31 January valuation & desktop assessment reports. Additional information: To express an interest in this opportunity, please email: We will then send an invitation to register an interest via our e-tendering portal. Read full description ## CPV classification Real estate services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/3fc795cf-5c68-49c4-b4c6-9ed03efad4b4) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. 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