RUG - Property Asset Valuations (Further Competition RM6168) - AWARD
Key facts
- Contract value
- £187,500
- Awarded
- 19 May 2024
- Contract starts
- 01 Jan 2024
- Contract ends
- 31 Dec 2026
- Procedure
- Other -
- Buyer type
- Other public body
- Source
- Contracts Finder
Awarded to
| Supplier | Value |
|---|---|
| Bruton Knowles Limited | £187,500 |
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.
Categories (CPV)
- 71315300 Building surveying services
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