Revaluation of UKRI STFC's Land and Building Assets
Awarded 27 Nov 2023
About
UK SHARED BUSINESS SERVICES LIMITED awarded a contract to CARTER JONAS LLP for the independent professional revaluation of UKRI STFC's land and building assets.
The contract, valued at AUD 292,000, was procured via a mini competition under Crown Commercial Services Framework RM6168 Lot 5.
The scope includes revaluing the entire UKRI estate over a 5-year cycle, providing valuations as at 31st March each year, and determining remaining useful lives for assets.
Valuations must comply with RICS guidance and cover all infrastructure assets such as playing fields, roads, external lighting, and isolated substations, unless specifically excluded.
The contract includes a provisional additional budget of £50k (ex VAT) for any additional requirements during the 5-year period.
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