Valuation of Three Waters Assets 2021

⁠⁠⁠Whakatāne District Council is seeking a robust valuation of its Three Waters assets, together with an assessment of annual depreciation.

We anticipate the following approach to the valuation process:
Land - Stated at revalued amounts being fair value at date of valuation.
Buildings and Structures - Buildings and structures to be valued at replacement cost and depreciated.
Roadways and Bridges - Stated at their revalued amounts being fair value based on depreciated replacement cost as at the date of valuation less any subsequent accumulated depreciation.
Fixed Plant - Stated at their revalued amounts being fair value based on depreciated replacement cost as at the date of valuation less any subsequent accumulated depreciation.
Reticulation Assets - Reticulation assets, being the reticulation system and networks of water and drainage, to be stated at their revalued amounts being fair value based on depreciated replacement cost as at the date of valuation less any subsequent accumulated depreciation.
Depreciation - Straight line.
Asset lives - Nominated by Supplier in accordance with industry standards.