Lincolnshire County Council- Financial Accounting Valuations
Buyer: Lincolnshire County Council
- Published
- 21 August 2026
- Estimated value
- £0
- Lots
- 1
- Notice number
- 079981-2026
- Reference
- ocds-h6vhtk-06e9b7
- Official source
- Official source
CPV codes
- 70332000Non-residential property services
Description
Lincolnshire County Council manages a substantial and diverse property portfolio consisting of both operational and non-operational assets, including schools, offices, fire stations, libraries, investment properties, land holdings, surplus assets and leasehold interests. The portfolio comprises approximately 850 assets with a total accounting value of around £796.4 million, making it one of the Council's most significant corporate resources and a key component of its balance sheet. The portfolio is subject to a range of statutory valuation and financial reporting requirements, including rolling asset valuations, investment property valuations and IFRS 16 lease accounting valuations. The Council is required to maintain up-to-date property valuations to support statutory financial reporting and ensure compliance with the CIPFA/LASAAC Code of Practice on Local Authority Accounting, International Financial Reporting Standards (IFRS), and the RICS Valuation Standards ("Red Book"). The Council currently operates a five-year rolling valuation programme, under which a minimum of 20% of assets are revalued annually. In addition to cyclical revaluations, the Council may require a range of sp…
Official publications
- FTS · 079981-2026 · 21 August 2026
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Frequently asked questions
- What is the estimated value of this tender?
- The estimated value published by the buyer is £0.
- Who is the buyer of this tender?
- The contracting authority is Lincolnshire County Council (United Kingdom).
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