Rugby BC (RUG) · Awarded contract
Awarded

Property Asset Valuations for Rugby Borough Council (2023-2026)

Awarded 01 Jan 2024

View live tenders
Awarded01 Jan 2024
Value£187,500.00
SupplierBruton Knowles
AgencyRugby BC (RUG)
RegionUnited Kingdom
CategoryConsultancy & Legal
Expires in 2mo3y term, 95% elapsed
Awarded 1 Jan 2024Expires 31 Dec 2026

About

Rugby BC (RUG) awarded a contract to Bruton Knowles for property valuations of all Council 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.

The contract value is AUD 187,500.

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