Revaluation of the Science and Technology Facilities Council's Land and Building Assets
What the buyer wrote
The Science & Technology Facilities Council (STFC) requires Independent professional revaluations for all property, plant and equipment (PPE) every five years and are revised in the intervening years by the use of appropriate indices. PPE are professionally revalued on different cycles. Land and buildings at some of the STFC sites are due to be professionally re-valued. Following the implementation of IFRS13, HM Treasury has adapted IAS 16 Property, Plant and Equipment. This requires that assets in use, which are held for their service potential (operational assets), should be measured at their current value in existing use. For non-specialised assets, current value in existing use shou…
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Awarded to
Details
- What the buyer calls it
- Revaluation of the Science and Technology Facilities Council's Land and Building Assets
- How they are buying
- Called off an existing agreementThe work went to a supplier already on a framework or dynamic market.
- Type
- services
- Suitable for small firms
- The buyer says yes. What that is worth
- Work starts
- 18 Dec 2017
- Work ends
- 30 Mar 2018
Who the buyer named
The buyer published a contact address on this notice.