Transport Assets Condition Audit & Revaluations 2026-27

Overview Inner West Council invites tenders from suitably qualified and experienced organisations to carry out a Condition Audit and Comprehensive Revaluation of Council's Infrastructure Transport assets, as outlined in the attached specification document. Council provides and maintains extensive transport infrastructure to enable the delivery of an effective road traffic, parking and pedestrian network for residents and visitors to the local government area. Purpose The project is part of an ongoing asset condition audit and revaluation program. The objective of the task is to validate and update existing data and spatial locations for Council's Transport assets network. Scope The scope includes: Conducting a comprehensive condition audit and revaluation of Council's Transport assets network, including provision of documented programs for capital renewal, upgrade and maintenance works Collecting any new or discovered assets Identifying and providing an inventory of physical defects Providing updated spatial layers in ESRI shapefile format Undertaking a comprehensive revaluation of all nominated Transport assets, complying with AASB 13 "Fair Value Measurement", AASB 116 "Property, Plant and Equipment", AASB 136 "Impairment of Assets", AASB 2022-10 "Fair Value Measurement of Non-Financial Assets for Not-for-Profit Public Sector Entities" and the IPWEA Guidance Notes on Asset Valuation for Financial Reporting Verifying asset values recalculated using reliable sources such as Rawlinsons, internal data or other sources, and providing all working papers together with the draft and final revaluation reports Conducting an asset inventory audit, visual condition assessment and comprehensive revaluation for the transport asset classes listed in the "Transport Audit – Scope table.xlsx" attachment Assessing the current condition of transport assets Verifying or correcting asset inventory information where required Verifying or correcting spatial and attribute data Identifying and recording defects Collecting any additional information required by Council as detailed in the specification Preparing a Footpath Maintenance program with treatment measures including footpath grinding where the lift is less than 35mm (including locations with existing AC wedges), AC wedges as a temporary treatment for lifts over 35mm, pavers resetting to fix uneven concrete, brick and granite pavers, slab replacement (like for like) for slabs with cracking or existing AC wedges greater than 35mm, and permanent restoration of footpath due to utility or private works where there is cracking or an uneven surface Reporting road defects identified during the audit, such as potholes, to Council on a regular basis throughout the project, in accordance with reporting arrangements agreed prior to commencement Contractor Requirements Suitably qualified and experienced organisation capable of carrying out a condition audit and comprehensive revaluation of Council's Transport assets Nominated subcontractors may be used where necessary to fulfil the requirements of the Contract; Council will only engage with the nominated Prime Contractor for delivery of all services Contract Terms and Conditions Deadline of 31 March 2027 for completion and delivery of the asset condition audit data and spatial layers for the Mandatory and Optional Items Deadline of 31 March 2027 for the Revaluation Methodology Report and revaluation calculations for the nominated Mandatory Items only Deadline of 30 June 2027 for Optional Service A, if these services are engaged by Council The Contractor must provide a lump sum price for all Mandatory asset classes and separate pricing for each Optional asset class Council may elect to include any combination of the Optional asset classes following consideration of tendered pricing and available project funding; inclusion of Optional asset classes is not guaranteed