Purpose

Decision Taken
The decision was to procure a new contract for RBK’s Asset Valuation Services under a Call Off Agreement using the Crown Commercial Services Procurement Framework RM6168 - Estate Management Services - Lot 5.
Under Part 4D of the Councils Constitution, Contract Regulation Section 3 sets out the criteria that any decision taken for this type contract must follow and involves:

·         A formal tender via e-tendering system.

·         Sign off by the relevant Assistant Director or Executive Director

·         Must be endorsed by the Lead Portfolio Holder

·         Completion and approval from the Corporate Commissioning Board of Gateway 1 and Gateway 2 reports

Reasons for Decision
Legislation requires the Council to present the value of its fixed assets (land and building) accurately each year in the Statement of Accounts. Qualified valuation services are essential to deliver this, and a well managed and well resourced contractual arrangement is essential to avoid delays in both the production, and audit of the Statement of Accounts.

There is no scope to complete the works in house, as sufficient qualified valuation expertise and capacity is not employed by the Council at the present time.