Desktop Valuation of Land and Buildings for National Museums Liverpool

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National Museums On Merseyside awarded a contract to Deloitte for a desktop valuation of land and buildings across National Museums Liverpool's property assets, covering the period from 31 March 2018 to 31 March 2021, for inclusion in Financial Statements.

The valuation was to be conducted using the Existing Use (EUV) and Depreciated Replacement Cost (DRC) methods in accordance with the Government Financial Reporting Manual (FReM), and to comply fully with the RICS Valuation - Professional Standards 2014 (Red Book) (Amended April 2015), including UKGN 7 Valuations for Charities and the Charities SORPs based on FRS 102.

The supplier was required to be an 'external valuer' as defined in the Red Book and to meet the qualifications, knowledge, and skills set out in UK Practice Statement 1, as well as the independence and objectivity requirements in Practice Statements 1.6 and 1.7.

The contract value was £12,500.