Scope
Range of services
Service providers can nominate to be available for property category types and regions that match their area of expertise and presence, providing opportunities for small to medium-sized businesses, particularly in regional areas, to qualify for the scheme.
Valuation types include both general and specialist, for statutory, land, asset, financial and infrastructure valuations; and are grouped into four main categories (all include subcategories):
- Land Value Advisory and Objection Review Services
- Compensation Recommendation of Determination (for the Valuer General)
- Real Property and Asset Valuation Advisory Services
- Acquisition Valuation Services (acquiring authority).
Statutory valuations are calculated according to the:
- Valuation of Land Act 1916
- Land Acquisition (Just Terms Compensation) Act 1991
- Crown Land Management Act 2016
Financial valuations are carried out according to the policy and guideline paper TPP14-01 - Valuation of Physical Non-Current Assets at Fair Value.
Tools and templates
- Guidelines for suppliers
PDF, 346.2 KB - Guidelines for buyers
PDF, 329.71 KB - Scheme rules & terms and conditions PDF, 463.4 KB
- Scheme categories PDF, 113.27 KB
- Acquisition valuation services standard specifications PDF, 244.18 KB
- Compensation recommendation of determination specifications PDF, 183.8 KB
- Real property & asset advisory standard specifications PDF, 205.59 KB
- Land value advisory & objection review services standard specifications PDF, 206.65 KB
Key benefits
Benefits for buyers
The scheme provides simple access for government agencies, delivering significant time and cost savings in procuring fit-for-purpose valuation services and a streamlined quoting process.
Benefits for suppliers
- An online application removes lengthy and expensive tender processes.
- Suppliers can be added regularly, giving agencies continual access to new suppliers.
Streamlined categories enable suppliers to align their offerings and increase their chances to provide services to government, making it easier for more valuers, including regional, small to medium enterprises (SMEs) to prequalify to tender for government work.
Insurance
Service providers are required to maintain policies of insurance for Public Liability and Workers' Compensation where required by law.
Professional Indemnity Insurance may be required for some engagements.
The level of insurance coverage that is required will be provided in the category standard specifications scheme documents or as determined by the Engaging Agencies at the time the Service Provider is engaged.