Skip navigation

Asset Appraisal Services



Title: Asset Appraisal Services


The City is seeking to contract with a firm specializing in insurance valuation and appraisal for the purposes of obtaining accurate values for insurable assets owned by the City of Surrey. As part of the appraisal, the contractor will provide a property data sheet. The valuation and information that is provided to the City for this project must be provided electronically in a format that can be uploaded to insurers’ databases (Excel spreadsheet or CSV) and must include a postal code.

The City will be looking to the successful contractor to provide a cost effective and accurate means of maintaining the values on the asset inventory on a five (5) year inspection program. The City has a number of new facilities and others with new additions. The assets need to be visited and data recorded once every five (5) years. The intent is for the Contractor to visit approximately twenty (20%) percent of City sites per year over a five year term. During years that a site is not physically visited, the appraisal can be done with a combination of, but not limited to, site attendance, economic analysis, and maintaining values from improvements and appraisal tools such as Marshall & Swift.

RFP document for download:
RFP 2013-001 Asset Appraisal Services (.pdf format)
Schedule C - Form of Proposal (.doc format)

Addendum No. 1 (.pdf format)
Issue date: December 13, 2012

Addendum No. 2 (.pdf format)
Issue date: December 17, 2012

Addendum No. 3 (.pdf format)
Issue date: December 19, 2012

Addendum No. 4 (.pdf format)
Issue date: December 20, 2012

Addendum No. 5 (.pdf format)
Issue date: December 21, 2012

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 (the “BC Bid Website”) and the City Website at (the “City Website”) that will form part of this RFP. It is the responsibility of Proponents to check the BC Bid Website and the City Website 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, 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 the person named below.

Closing Date:

The Closing Time has been revised as follows:

January 18, 2013 - 3:00 p.m. local time


Kam Grewal, BBA, CMA
Corporate Audit Manager
Acting Purchasing & AP Manager
Finance & Technology Department
Tel: (604) 590-7274 Fax: (604) 599-0956

Status: Awarded
Awarded to: Suncorp Valuations Ltd.

Business & Economic Development Menu