Asset Revaluation 2026 – Land and Parks & Reserves

⁠⁠⁠Overview

The City of Playford invites suitably qualified and experienced valuers to submit a tender for the provision of Asset Revaluation Services as part of Council's 2026 external revaluation program. The services comprise two separable parts, and tenderers may submit a price for one or both parts.

Scope

Part A – Land Revaluation

• Revaluation of approximately 1,246 land assets including easements, open space land, parcels and related holdings
• Inspection, verification, review and updating of land asset values to reflect the latest market price or government purchase price, consistent with fair value requirements

Part B – Park and Reserve Revaluation

• Revaluation of approximately 5,043 Park and Reserve assets
• Verification and classification of assets including fencing, irrigation systems, park furniture, playgrounds, shade structures, signage and sport courts
• Approximately 350 sampling-based site inspections
• Itemisation of individual playground equipment and review of useful lives
• Revaluation on both a cost and unit cost basis, inclusive of materials, labour, contractor costs, preliminaries, project management and installation, to replace assets with modern equivalents of the same service level
• Benchmarking of useful lives against industry practice, local government standards and comparable organisations

Key Deliverables

• Draft valuation reports by 30 September 2026
• Final valuation reports by 30 October 2026
• Updated asset registers
• Valuation methodology and supporting documentation
• Summary of changes to asset values and useful lives

Contractor Requirements

The successful respondent will be required to undertake the revaluation in accordance with:

• AASB 13 Fair Value Measurement
• AASB 116 Property, Plant and Equipment
• Local Government Act 1999
• Local Government (Financial Management) Regulations 2011

Instructions to Tenderers

• Council will provide the current Land Asset Register, Park and Reserve Asset Register and associated asset information
• Tenderers may submit a price for one or both parts; Council reserves the right to award the parts to the same or different respondents
• Tender documents are available via the TenderLink portal
• Submissions must be lodged electronically before the closing time
• Late submissions will not be accepted

Enquiries

• Contact: Lindsay Petersen
• Office: +61 (08) 8256 0333
• Email: lpetersen@playford.sa.gov.au