Source: https://tendernation.io/opportunities/01a13c22-0068-7164-b466-f3b34de5c3d0/asset-insurance-reinstatement-valuation-plus-associated-work awarded GB open procedure Suitable for SMEs # Asset & Insurance Reinstatement Valuation plus Associated Work [Herefordshire Council](https://tendernation.io/buyers/herefordshire-council) Estimated value £150,000 Published 5 Oct 2018 Deadline Closed 1 Nov 2018 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Buyer says suitable for VCSEs The buyer ticked “suitable for voluntary, community and social enterprises” on the notice. - 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 Herefordshire Council requires formal asset valuations for inclusion in the Council's asset register and balance sheet by the end of the 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). An extract from the CIPFA Code guidance relating to the split of responsibilities between Valuer & finance colleagues is attached. Annual 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 land and building assets valued bi-annually. 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 in the financial year. 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; [supplyingthesouthwest.org.uk](https://www.supplyingthesouthwest.org.uk) Read full description ## CPV classification Real estate services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/49aa516d-a6ae-4cca-be9e-af785287a433) 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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