The City of Mbombela seeks registered professional valuers to provide property valuation services for the review and renewal of its lease portfolio, consisting of approximately 220 properties. Bidders must comply with specific documentation and valuation standards.
The City of Mbombela is inviting quotations from qualified and registered professional valuers to conduct property valuations essential for the review and renewal of its extensive lease portfolio, which includes around 220 municipal-owned properties. The successful bidder will be responsible for identifying, inspecting, and assessing these properties, preparing valuation certificates, and determining current market rental values in accordance with International Valuation Standards (IVS). Additionally, the appointed service provider will be expected to provide recommendations for optimizing the management of the leased properties.
To qualify, bidders must be registered with the South African Council for the Property Valuers Profession and maintain valid professional indemnity insurance throughout the engagement. The tender emphasizes compliance with municipal regulations and requires detailed documentation, including tax compliance and B-BBEE certificates. This project not only aims to ensure fair market-related valuations but also supports the municipality's commitment to transparency and accountability in managing public assets.
This tender is suitable for registered professional valuers and valuation firms with experience in municipal property assessments and compliance with South African valuation standards. Businesses must be able to provide certified documentation and demonstrate a track record in property valuation.