# Asset Valuations for Statutory Financial Reporting

> Tender notice from UK public-sector procurement sources.

## Key facts

- Public buyer: [Cherwell District Council](/buyers/cherwell-district-council/contract-awards)
- Published: 6 October 2023
- Planned start: 1 December 2023
- Planned end: 30 November 2026
- Stage: open_tender
- Procurement category: services
- Notice ID: 88377fbc-c926-4ebe-a4a1-fed8fb2f00d0-687053
- OCID: ocds-b5fd17-593bf06b-b69c-4dee-a6b9-1844999f7db9

## Description

Under the CIPFA Code of Practice on Local Authority Accounting, Cherwell District Council \(CDC\) is required to undertake professional valuation of any asset it holds under the revaluation model \(IAS16 and IAS40, as adapted by the CIPFA code\) for financial reporting purposes\. The valuations are required to be undertaken by suitably qualified valuation professionals and at a frequency that ensures the book values declared in the Council's accounts are current and materially accurate\. The council intends to operate a 3-year valuation schedule to ensure that the values remain current and materially correct\.

## Related contract awards

- [OXLEVI - EV Charging Infrastructure](/contracts/ocds-b5fd17-0b52eeac-ccbd-4551-9806-47714c9507c2): Cherwell District Council
- [GB-Banbury: TPPL Cherwell District Council NEPO HGV Lot 3 - Up to 2 x Compact Sweepers \(27130\)](/contracts/ocds-b5fd17-60db2e18-a312-438a-bf11-5e43e2d975cc): Cherwell District Council
- [Castle Quay Re-Location Works](/contracts/ocds-b5fd17-e865ed08-21e0-481d-918b-b71a9fc1eebe): Cherwell District Council

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/88377fbc-c926-4ebe-a4a1-fed8fb2f00d0-687053)