Awarded contract

Asset Valuation

Details

Supplier(s)
Cluttons LLP
Value
£282,265
Duration
5 years
Topic
Financial and insurance services
Published
20 January 2025

Tender description

A valuation of the properties for financial reporting purposes. Valuations must comply with the requirements set out in the Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Accounting practice. The code is based on International Financial Reporting Standards and is updated annually to reflect developments in accounting reporting. The service must be undertaken by suitably qualified personnel who will undertake the valuations in line with professional guidance contained within the Royal Institute of Chartered Surveyors (RICS) Red Book.

Timeline

  1. Completed: Award date14 January 2025
  2. Completed: Award published20 January 2025
    Current notice
  3. Next: Contract expiry date14 January 2030in 3 years

About the buyer

Kent Fire and Rescue Service is a blue light buyer, and its Commercial and Procurement Team runs the purchasing. Three routes to market apply by value, from self service to formal procurement. Existing contracts and catalogues are the default wherever one is available. Frameworks come from the Government Commercial Agency, Kent County Council, the Laser Energy Buying Group and the South East Consortium.

Over the past 5 years, most of Kent Fire and Rescue Service's contract awards have been in business services, transport equipment and repair and maintenance.

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Decision makers

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