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ocds-b5fd17-c63acd8a-defc-4539-acd8-d1c86d4358efPublished facts
42197044-2702-4878-8108-264f6ecd375b-715265Gerald Eve LLP have been appointed by Bloom Procurement Services Ltd on behalf of The Mayor and Commonality and Citizens of The City of London (the City), to provide valuations for capital accounting purposes for incorporation in the City's accounts under CIPFA, as of 31 March 2024, for inclusion in the City's Annual Report and Financial Statements and for internal management and accounting purposes. Valuations required are for financial statements and accordingly are Regulated Purpose Valuations. A schedule of properties to be valued as of 31st March 2024 is appended to this Work Order at Appendix 1. In accordance with IAS 16 and the CIPFA Code, an apportionment of the value attributable to the buildings, together with an estimate of their useful economic life is required. Where an item of property, plant and equipment with a cost that is significant in relation to the total cost of the item, it shall be depreciated separately. Basis of Valuation for Operational Property - "Existing Use Value" (or "Depreciated Replacement cost" where necessary) Basis of Valuation for HRA Dwellings - "Existing Use Value - Social Discount" Investment properties and those properties held outside of City Fund are not in scope of this contract. Audit Gerald Eve LLP will be required to provide on request any calculations, bases of judgement or supporting/comparable information underlying the valuations as necessary to satisfy follow up audit queries and to attend meetings with both the City's finance team and auditors to facilitate prompt resolution of said audit queries. Conflicts of interest Gerald Eve LLP shall declare to the City any conflict of interest prior to commencing the valuation process in any given year.
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42197044-2702-4878-8108-264f6ecd375b-715265Awards and suppliers
Buyer: City of London CorporationSupplier: Gerald Eve LLP
ocds-b5fd17-c63acd8a-defc-4539-acd8-d1c86d4358ef-1End dates, recurrence wording and links are shown as they appear in public notices. They do not create a new opportunity. If no later linked record appears here, that means Bidwake did not find one in the records it has loaded; it does not prove that none exists.