Property Valuation and Measurement Services

The Free State Development Corporation (FDC) has issued Bid No. 010/2026 for the valuation of its property portfolio and the immovable property securities held against loans. The scope covers three areas: the valuation of investment properties, including measurement; the valuation of owner-occupied properties; and the valuation of registered immovable properties that secure the Corporation's loans. The tender document lists approximately 19 property references across Free State localities, including Bloemfontein, Welkom, Botshabelo, Harrismith, Phuthaditjhaba, Ladybrand, Bultfontein, Virginia, Smithfield, Soutpan and Kestel. Some entries are classified as immovable property and others simply as immovables, so the bidder should confirm the exact asset type for each reference in the bid documents.

The bid is structured in four parts (Parts A to D). Part A includes bidder instructions, definitions and a compulsory attendance register, which closes 30 minutes after the stated start time and must be completed in time for attendance at the briefing meeting. The document defines control of an enterprise and allows bids from joint ventures and consortia, where parties combine expertise, capital and skills to execute a contract. Parts B to D contain the bid forms, the schedule of properties and the requirements for submission. Details such as the required professional registrations, experience thresholds, pricing schedules, contract duration, evaluation criteria and the preference point system should be confirmed directly in these documents before bidding.

The work supports the Corporation's lending and asset management functions by providing current, defensible market values for its property holdings and loan security. Accurate valuations help the FDC monitor the adequacy of collateral, support sound financial reporting and make informed decisions on its investment property portfolio. Successful bidders will be able to build a relationship with a provincial development finance institution and gain experience in public-sector property valuation, which can be useful for future government work. Interested bidders should register for the briefing session, review all four parts of the bid, and submit before the closing date of 2 December 2026.