Valuation of Assets
Isle of Wight Council · South East
Key facts
- Contract value
- £279,000
- Awarded
- 24 Nov 2022
- Contract starts
- 01 Jan 2023
- Contract ends
- 31 Dec 2027
- Buyer type
- Local government
- Source
- Find a Tender
Awarded to
| Supplier | Value |
|---|---|
| Wilks Head & Eve LLP | £279,000 |
Description
(original requirement) The Authority requires its assets valued in order to comply with • CIPFA Code of Practice on Local Authority Accounting insofar as it relates to valuations for the balance sheet and related disclosures including bases of value, valuation frequency, componentisation, lease classification, impairment etc., and associated practical approaches, including the key changes arising from IFRS16 • RICS Valuation Professional Standards and the International Valuation Standards insofar as they relate to local authority asset valuations, together with the associated practical approaches. • International Standards on Auditing as adapted for the UK and gain practical tips for a smoother audit process Further competition carried out under ESPO Framework 2700_22. (Modification)The statutory statement of accounts, requires a significant annual piece of work in providing valuations of land and building assets the council holds, on a rolling 5 year basis. As part of the government reset of auditing requirements, an additional piece of work is required during January to March 2027 to complete the same work for an additional sample of assets.
Categories (CPV)
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