Accuracy and fairness in valuations
At Valuation NSW we’re committed to upholding the highest standards in land valuation.
Acting on behalf of the Valuer General, we use a hybrid service delivery model.
To provide valuation services we employ both:
- in-house teams and
- external contractor firms.
We engage valuation firms that have passed through:
- a stringent, independent open tender process
- a thorough evaluation.
Valuation work audited
Valuation NSW continuously monitors the performance and quality of work done by all contractors through an ongoing audit program checking for accuracy to maintain the integrity of the information before it's released.
Professional Standards for Valuers
We hold valuers to the highest professional standards.
These standards
- outline the duties, responsibilities, and expectations of professional valuers
- are expected of members of recognised bodies (for example, the Australian Property Institute)
- are detailed at
- Australian Property Institute
- Australian Valuers Institute
- RICS profession and standards
- Australian and New Zealand Property Standards (PDF download from Property Institute NZ site)
Tender and selection process
Valuation NSW selects valuers through a transparent public tender process.
This process is managed by the Tender Evaluation Committee.
The committee includes:
- senior staff
- government representatives
- local councils and other stakeholders
- an independent probity advisor.
The committee assesses valuers based on:
- Employment management plans, staff quality, and availability
- Valuation methodologies and IT application
- Tenderer’s experience and past performance
- Quality assurance and service improvement innovations
- Compliance with NSW government procurement policies
- Cost-effectiveness and overall value.
Selected valuers must also agree to terms that address any real or potential conflicts of interest.
About the contracts
Valuation contracts span an initial five-year term, extendable to six years, including a one-year discretionary option by Valuation NSW.
Contracts cover one or more Local Government Areas, tailored to operational requirements.
View the current rating and taxing contract details
Valuation NSW uses a hybrid service delivery model to provide various other valuation services, including:
- Valuations made under the Valuation of Land Act 1916 for rating and taxing purposes
- Compulsory acquisition valuations as per the Land Acquisition (Just Terms Compensation) Act 1991
- Advisory services for certificates of value, special valuations, expert witness court services, and general property advice
- Review of objections to rating and taxing valuations issued under the Valuation of Land Act 1916.
Registration
Are you interested in contracting opportunities for Valuation NSW?
Visit the Buy.NSW website to learn more.