Balranald Shire Council

Thursday 12 December 2024 (AUS Eastern Standard Time)

Friday 24 January 2025 05:00 PM (AUS Eastern Standard Time) CLOSED

Friday 24 January 2025 05:00 PM (AUS Eastern Daylight Time)

Friday 21 February 2025 (AUS Eastern Standard Time)

Balranald Shire Council

70 Market St
Balranald, New South Wales 2715
Australia

https://www.balranald.nsw.gov.au/

Located 850 km south west of Sydney and 450 km north of Melbourne, Balranald Shire Council covers an area of 21,346 square kilometres. Major townships within the Shire are Balranald (population 1,200) and Euston (population 600). Balranald Shire has a population of 2,361.

The Shire’s economy has traditionally relied upon dry-land and irrigated agricultural production of grains, wool, sheep meat and beef (valued at more than $80 million in 2006). However primary production is diversifying to encompass horticulture, viticulture, organic agriculture and the growing of fruit and nut trees. Tourism is also now recognised as an important economic driver.

Balranald Shire boasts a progressive well serviced and vibrant community that is committed to continued regional growth and sustainability.

The buyer has elected to have their personal and contact details hidden. These details will be revealed at the buyers discretion.

Balranald Shire Council (BSC) invites Expressions of Interest (EOI) from suitably qualified and experienced Valuation firms to undertake a physical revaluation of a broad range of infrastructure and assets, including:

• Land (Operational & Community)

• Buildings (specialised and non-specialised),

• Other Structures

• Transport assets (Roads, Bridges, Culverts, Footpaths, Kerb & Gutter, Aerodromes)

• Stormwater Drainage

• Water Supply

• Sewer Services

over a 5-year rolling period. The purpose of this revaluation is to ensure that all asset classes are appropriately comprehensively valued in line with current market conditions, accounting standards, and legislative requirements.

Balranald Shire Council is located in the south-western district of NSW, approximately 850km southwest from Sydney and 450km north of Melbourne. It covers an area of 21,699 square kilometres, therefore physical inspection to revalue assets will be a time-consuming task.

Interested parties should provide the following information:

• A brief company profile, including expertise and experience in asset revaluation services, particularly for local government entities.

• Details of the team and qualifications of the individuals who will be involved in the revaluation process.

• A summary of the methodology to be used for the revaluation of each asset category.

• A proposed timeline for the completion of each asset class, and the overall 5-year rolling period.

• Council requires that comprehensive revaluation should be undertaken no later than 31 March, each year with draft reports provided by 30 April.

• Details of any relevant experience with similar projects, particularly with local government clients.

• A general fee structure and estimated costs for the revaluation of all asset categories over the 5-year rolling period.

2. Scope of Work

The scope of the revaluation services includes, but is not limited to, the following tasks for each asset group:

2.1 Land and Buildings

• Valuation of all council-owned or controlled land and buildings, including community centres, public amenities and community land.

• Application of appropriate valuation methodologies based on the asset type and usage

2.2 Other Structures and Stormwater

• Valuation of other public structures such as parks, recreational facilities, stormwater drainage, and flood prevention infrastructure.

2.3 Transport

• Revaluation of roads, bridges, aerodromes and other transport infrastructure.

• Assessment of current condition, serviceability, and valuation, fair value, construction costs, and market conditions.

2.4 Water and Sewer Assets

• Revaluation of water distribution and treatment infrastructure, including pipelines, reservoirs, and treatment plants.

• Revaluation of sewerage systems, including treatment plants, pipes, and lift stations.

2.5 Rolling Revaluation Process

• Council will require a comprehensive valuation, including onsite physical inspection, on each asset class on a rolling annual basis, with desktop valuations provided in alternate years over the contracted 5-year period

2.6 Reporting & Documentation

• Provide detailed reports for each asset class, including statement of methodology

• Ensure all valuations meet relevant Australian Accounting Standards (AASB116 Property Plant and Equipment and AASB13 Fair Value Measurement and AASB 2022-10) and other legislative requirements.

• New South Wales
  1: Murray
  2: Murrumbidgee

All Regions of Service locations are within Australia.

None...