RICS Red Book Compliant Valuations

Description

BCP Council has a diverse range of housing, commercial units, community assets, development land, agricultural land, and amenity land. It is the long-term aim of BCP Council to adopt a Corporate Landlord Model to centrally manage its estate. At present estate management is driven by individual service units within the Council (who control the assets), with advice and professional services being provided by the inhouse Estates team. As part of the decision-making process there are times when independent, external opinions of value (in the form of RICS compliant valuation reports) are required. This may be due to the specialist nature of a site, the need for “arm’s length” advice, or the lack of capacity of the Estates team to undertake the work within the required timeframe. This tender aims to create a framework of Suppliers for the provision of Valuation services. It is intended that the framework will run for a period of 4 years, for services including but not limited to acquisitions, disposals, wayleaves, easements, covenant releases. The Framework Agreement will be divided into separate Lots as follows: • Lot 1 – Estimated valuation of asset up to £2,000,000 • Lot 2 – Estimated valuation of asset above £1,500,000 BCP’s intention is to award up to 3 suppliers per Lot onto the Framework. Lot 1: Estimated valuation of asset up to £2,0000,000 The scope and specification of the framework for Lot 1 is for sites with an estimated valuation of asset up to £2,0000,000. Lot 2: The scope and specification of the framework for Lot 2 is for sites with an estimated valuation of asset above £1,5000,000.