Quinquennial Revaluation of operational land and buildings

Defra procuring on behalf of Natural England: The Authority intends to select a supplier to carry out a three-part quinquenial revaluation of Operational land and buildings within the Defra estate, along with Non-Operational & Operational Heritage Assets. The breakdown of the work required by the Authority is as follows: 1. The Quinquennial revaluation of operational land and buildings – Part 1 1.1 All freehold land and buildings within the Authority’s Statement of Financial Position (except heritage assets which fall under different accounting guidance – see below) are stated at a fair value in line with Accounting guidance (International Accounting Standard – IAS 16). They h…

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