# Commercial Asset Valuations

> Tender notice from UK public-sector procurement sources.

## Key facts

- Public buyer: [Advance Northumberland Limited](/buyers/advance-northumberland-limited/contract-awards)
- Tender value: £75,000
- Published: 15 November 2023
- Planned start: 1 January 2024
- Planned end: 31 March 2026
- Stage: open_tender
- Procurement category: services
- Notice ID: ce46cab0-87b3-4b52-aa7a-1d1293ade018-698334
- OCID: ocds-b5fd17-29855813-b47e-4363-9479-18adea5a0107

## Description

As part of yearly accountancy practices Advance Northumberland require annual asset re-valuations to be carried out across their commercial portfolio\. Advance Northumberland therefore are looking to appoint MRICS Surveyors to provide comprehensive Asset valuations of Commercial Portfolio valued in accordance with MRICS Valuation standards in accordance with UKGAAP \(FRS 102\) regulations\. The appointment will be for a 3-year period, and we require a full comprehensive on-site inspection and a detailed report in the first year\. Years 2 and 3 are to be carried out via desktop revaluations of previous years' values \(with updated tenancy schedules and property changes provided by Advance Northumberland, 3 months prior to valuation date\)\. Additional information: Advertised on ProContract

## Related contract awards

- [NCC1463 Portland Park Cinema and Restaurants - Stage 1 PCSA - Procure Partnerships National Contractor Framework Lot 3 - Construction - Northeast - £5m to £15m Cinema & Event Space](/contracts/ocds-b5fd17-6b0adaa1-3ddb-4d23-bc1f-8bb4792aa171): Advance Northumberland Limited
- [NCC1421 Ellington Mechanical Phase 4](/contracts/ocds-b5fd17-7857d2e5-462b-4169-9a2f-53ab0d58223b): Advance Northumberland Limited
- [NCC1350 Hadston Roads, Sewers & Groundworks](/contracts/ocds-b5fd17-9bb361ea-5654-4398-984f-0605fe13c7a5): Advance Northumberland Limited

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/ce46cab0-87b3-4b52-aa7a-1d1293ade018-698334)