NEPRO3 - 2024 CAPITAL ACCOUNTING ASSET VALUATION
£100,240 — awarded.
This is a contract result notice, not an open opportunity. Details from the official award data.
This sits in the upper-middle of the Business Services band — a substantial contract for the sector. Based on 57,319 valued Business Services tenders in our corpus.
Gerald Eve LLP have been appointed by Bloom Procurement Services Ltd on behalf of The Mayor and Commonality and Citizens of The City of London (the City), to provide valuations for capital accounting purposes for incorporation in the City's accounts under CIPFA, as of 31 March 2024, for inclusion in the City's Annual Report and Financial Statements and for internal management and accounting purposes.
Valuations required are for financial statements and accordingly are Regulated Purpose Valuations.
A schedule of properties to be valued as of 31st March 2024 is appended to this Work Order at Appendix 1.
In accordance with IAS 16 and the CIPFA Code, an apportionment of the value attributable to the buildings, together with an estimate of their useful economic life is required.
Where an item of property, plant and equipment with a cost that is significant in relation to the total cost of the item, it shall be depreciated separately.
Basis of Valuation for Operational Property - "Existing Use Value" (or "Depreciated Replacement cost" where necessary) Basis of Valuation for HRA Dwellings - "Existing Use Value - Social Discount" Investment properties and those properties held outside of City Fund are not in scope of this contract.
Audit Gerald Eve LLP will be required to provide on request any calculations, bases of judgement or supporting/comparable information underlying the valuations as necessary to satisfy follow up audit queries and to attend meetings with both the City's finance team and auditors to facilitate prompt resolution of said audit queries.
Conflicts of interest Gerald Eve LLP shall declare to the City any conflict of interest prior to commencing the valuation process in any given year.
What the notice asks for
The Mayor and Commonality and Citizens
The Mayor and Commonality and Citizens of The City of London (the City), to provide.
Where an item of property, plant
Where an item of property, plant and equipment with a cost that is significant in relation to the total cost of the item, it shall be depreciated separately.
Gerald Eve LLP shall declare to
Gerald Eve LLP shall declare to the City any conflict of interest prior to commencing the valuation process in any given year.
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- OCID
- 42197044-2702-4878-8108-264f6ecd375b
- Stage
- contract · Contract
- Source
- Contracts Finder
- Buyer ref
- tender_409097/1303592
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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