Asset Valuations for Statutory Financial Reporting

A Tender Notice
by CHERWELL DISTRICT COUNCIL

Source
Find a Tender
Type
Contract (Services)
Duration
35.5 month
Value
£208K
Sector
BUSINESS
Published
06 Oct 2023
Delivery
To 29 Jan 2027 (est.)
Deadline
09 Nov 2023 11:00

Concepts

Location

Oxfordshire

Geochart for 1 buyers and 0 suppliers

1 buyer

Description

Under the CIPFA Code of Practice on Local Authority Accounting, Cherwell District Council (CDC) is required to undertake professional valuation of any asset it holds under the revaluation model (IAS16 and IAS40, as adapted by the CIPFA code) for financial reporting purposes. The valuations are required to be undertaken by suitably qualified valuation professionals and at a frequency that ensures the book values declared in the Council’s accounts are current and materially accurate. The council intends to operate a 3-year valuation schedule to ensure that the values remain current and materially correct.

Renewal Options

Initial contract period is 3 years with an option to extend by up to 2 years at the Council's discretion.

CPV Codes

  • 79212500 - Accounting review services

Indicators

  • This is a one-off contract (no recurrence)
  • Renewals are available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. **

Reference

Domains