Asset Appraisal Services

REQUEST FOR PROPOSALS

PURPOSE

The City of Surrey (the “City”) is seeking an experienced firm specializing in insurance valuation and appraisal (the “Consultant”) for the purposes of obtaining accurate values for insurable assets owned by the City of Surrey.

SCOPE OF SERVICES

The Consultant shall furnish all that is required for such purposes necessary for the diligent and proper performance and completion of the Services to the City.

Yard Improvements

Yard improvements include, but are not limited to, man-made structures such as:
(a) improved parking lots (excluding pavement);
(b) temporary structures, outdoor signs, antennas/towers;
(c) outdoor equipment, and any other land improvements identified by site.

Buildings
(a) If a man-made, usable structure is located on a designated property whether the building is or is not vacant, appraisal of such structure shall be made, and shall include and describe the type of structure, size and square footage, use, plot plan, general area description and building materials used, and shall the fire, safety and security apparatus/systems in place in each building.
(b) The appraisal shall include installed machinery and equipment necessary for the provision of building services to occupants and for building function. A statement of replacement cost values shall be noted.
(c) The assets appraisal will also contain a COPE report (Construction, Occupancy, Protection and Environment) for each property over the value of One Million Dollars or greater.
(d) Reconstruction cost calculation should include estimates for bylaws and debris removal listed separately.

Other Fixed Assets - Contents of Buildings
An appraisal of building contents is required with the exception of computer equipment.

ADDENDA

If the City determines that an amendment is required to this RFP, the City Representative will issue a written addendum by posting it on the BC Bid Website at www.bcbid.gov.bc.ca and the City Website at www.surrey.ca (collectively, the “Websites”), and upon posting, any addenda will form part of this RFP. It is the responsibility of Proponents to check the Websites for addenda. The only way this RFP may be added to, or amended in any way, is by a formal written addendum. No other communication, whether written or oral, from any person will affect or modify the terms of this RFP or may be relied upon by any Proponent. By delivery of a Proposal the Proponent is deemed to have received, accepted and understood the entire RFP, including any and all addenda.

All inquiries related to this RFP should be directed in writing to purchasing@surrey.ca