Public Assets Valuation
It refers to the process of assessing the value of assets owned by the government or public entities.
Overview
Public Assets Valuation serves as a critical tool for public administrators, policymakers, and stakeholders in making informed decisions about the management, development, and utilization of public assets for the benefit of the community.
Who Need This Service?
Investors, Lending institutions, Property Developers, property owners, Sellers, Brokers, property/ Real Estate Consultants, Accounting Firms, Audit Frims, Government Deoartments
When You Ned This Service?
When looking for investors for the projects local and foreign, When seeking finance from lending institutions, When taking selling or buying decisions, when reporting values for Final Accounts, When Reporting Values under SLFRS 13,
What We Need From You To Start?
Instruction/request from the client, Purpose of the valuation, relavant documents such as Survey plans, title deeds, projects details, Building plans
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Benefits
Public Assets Valuation offers numerous benefits to governments, policymakers, and the public. It supports transparent and accountable governance, facilitates efficient resource allocation, and aids in making informed decisions for the sustainable development and improvement of public assets for the benefit of society.
Transparency and Accountability
Public assets valuation enhances transparency and accountability in the management of public resources. It provides clear and documented evidence of the assets’ value, ensuring that government agencies and officials are accountable for their stewardship.
Informed Decision Making
Valuation of public assets enables informed decision-making by government agencies and policymakers. It provides a reliable basis for making choices about asset management, infrastructure development, and budget allocations.
Financial Planning and Budgeting
Valuation helps in financial planning and budgeting for infrastructure maintenance, upgrades, and new projects. It ensures that adequate funds are allocated to maintain and enhance public assets efficiently.
Asset Management Optimization
Accurate valuation supports effective asset management strategies. Governments can prioritize maintenance and investments based on the assets’ assessed value, ensuring optimal utilization and longevity.
Fair Disposal and Acquisition
Valuation is crucial when considering the disposal or acquisition of public assets. It helps in determining fair market values for asset transactions, ensuring equitable deals for all parties involved.
Resource Allocation
Valuation aids in the equitable allocation of public resources among different projects and sectors. It ensures that resources are distributed efficiently to maximize the benefits to the public.
Infrastructure Feasibility Assessment
Public assets valuation aids in assessing the financial feasibility of infrastructure projects. It helps determine the economic viability of new developments and assess the potential returns on investment.
Public-Private Partnerships (PPPs)
In PPP arrangements, asset valuation is essential for structuring agreements and determining the value of assets contributed by both public and private partners.
Taxation and Revenue Generation
Valuation of public assets influences property taxes, funding allocations, and revenue generation decisions. It ensures that taxation is based on fair market values and contributes to adequate funding for public projects.
Environmental and Social Impact Evaluation
Valuation may consider environmental and social impact assessments for public assets, ensuring responsible and sustainable development.
Community Development
By assessing the value of public assets, governments can prioritize projects that have a positive impact on community development and quality of life.
Urban Planning and Land Use
Public assets valuation assists urban planners in making informed decisions about land use and development. It considers the value and potential of public land and resources in urban areas.