CPU 4298 Asset Valuations

Nottingham City Council is required to complete revaluations of its operational and non-operational assets including: • Investment Properties • Surplus Assets • Operational Property • Specialised High Value Plant and Equipment The valuations are completed on a number of bases including Fair Value, Depreciated Replacement Cost Method and Existing Use Value. The Council holds/controls a wide variety of property types from incinerators to high value retail parks. The Property Trading Account whilst primarily located in Nottingham has assets in Newcastle and the West Midlands which requires specialist external input. The full details of requirements can be found on page 3 of the Invitation to Quote.