Asset Valuation Services for Derby City Council's Commercial and Residential Portfolios
Awarded 17 Sep 2017
About
Derby City Council awarded a contract to Valuation Office Agency for asset valuations of its commercial and residential portfolios under the ESPO Framework 2700 Estate Management Consultancy Services Lot 1a-Fixed Asset Valuation.
The contract covers a five-year rolling programme valuing approximately 20% of stock annually, plus annual valuations of all housing stock, investment, surplus properties, and properties held for sale (IFRS 13), and additional valuations for properties with substantial capital expenditure.
The initial term is three years with an option to extend for two years in one-year increments, subject to satisfactory performance and business needs, at a value of £500,000.
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