Source: https://tendernation.io/opportunities/01a13c46-18e2-7118-9354-7478d00b5796/estates-valuation-services

closed GB open procedure Suitable for SMEs

# Estates Valuation Services

[The Police & Crime Commissioner for Lincolnshire](https://tendernation.io/buyers/the-police-crime-commissioner-for-lincolnshire)

Estimated value

Not stated

Published

4 Sept 2019

Deadline

Closed

4 Oct 2019

## Who can bid

- Buyer says suitable for SMEs

    The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid.
- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

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## About this tender

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.

## CPV classification

Treasury services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/c251878f-f376-4844-a3c3-167cecd8a4d3)

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