Tender Closed
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RFx ID : | 21309653 |
Tender Name : | RFP C19-042 Valuation Services (Land and Buildings and Plant and Equipment) - University of Auckland |
Reference # : | C19-042 |
Open Date : | Thursday, 25 July 2019 2:00 PM (Pacific/Auckland UTC+12:00) |
Close Date : | Wednesday, 14 August 2019 1:00 PM (Pacific/Auckland UTC+12:00) |
Tender Type : | Request for Proposals (RFP) |
Tender Coverage : | Sole Agency [?] |
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Exemption Reason : | None |
Required Pre-qualifications : | None |
Contact : |
Harry Tetteroo harry.tetteroo@auckland.ac.nz +64 027 836 2749 |
Alternate Physical Delivery Address : | |
Alternate Physical Fax Number : | |
Agency Address : | NEW ZEALAND |
The University is looking for a provider/s who has/have the capability, track record and experience to manage and undertake the large University Valuation Services programme related to its substantial Land and Buildings and Plant and Equipment portfolios.
Land and Buildings are required to be valued for financial reporting and insurance purposes. It is also important to note that the University requires certain Heritage Buildings to be valued on a ‘replication’ basis.
Plant and Equipment and Site Infrastructure are only to be valued for insurance purposes.
For financial reporting purposes, the University adopts a 3 year cycle. However, there is a requirement in the intervening years for there to be an assessment of whether there has been a material change in the then carrying value which would then trigger a requirement for a Valuation of all or part of the portfolio.
The University intends to appoint a valuation provider for 6 years to cover at least two financial reporting cycles.
Insurance valuations are completed annually. These are primarily desktop assessments, with a full valuation completed every 3 years, in line with the financial reporting cycle.
Although the University’s preference is to award this programme to one provider, given the range of assets and different valuation expertise required, the University will consider consortia arrangements (lead provider with sub-contracts) or respondents bidding for individual valuation work streams.
RFP Closing Date : Wednesday, 14 Aug 2019 @ 1300 hrs
This tender has been awarded.