Queensland Museum (QM) Verification, Valuation and Revaluation of State Collection 2022/2023

The Customer (Board of the Queensland Museum) has issued this Request for Quotation (RFQ) with the objective of engaging a suitably qualified, resourced and experienced Professional Services Contractor (Supplier) within the timeframe specified in RFQ section 1 Indicative timetable, for commencement of the Deliverables Monday, 17 October 2022 (target date) and completion of the Deliverables by no later than Friday, 31 May 2023, as specified in the Short Form Contract Details (SFCD)(draft).

As custodian of the State’s natural and cultural heritage, QM houses a unique collection of several million objects. To comply, a comprehensive revaluation of the Collection is required and undertaken every five (5) years. The Board is required to manage the Collection in compliance with:

• Queensland Financial Accountability Act 2009 (FAA) and its subordinate legislation the Queensland Financial and Performance Management Standard 2019 (FPMS);
• Australian Government, Australian Accounting Standards Board (AASB) – in particular AASB 116 Property Plant & Equipment and AASB 13 Fair Value Measurement; and
• Queensland Treasury Non-Current Asset Policies for the Queensland Public Sector (NCAP).

The Customer is seeking offers for the Services as specified. The Supplier will have suitably qualified and experienced valuer and statistical analyst Personnel, who have the required expertise to assist the Customer conduct a confidential verification, valuation and revaluation of its Collection as at the nominated Queensland Museum (Sites) to meet the minimum specified Requirements, assisting the Customer meet its obligations under the Contract, and in summary (but not limited to) will deliver:

• costing and valuation methodologies;
• initial Draft Verification and Valuation Report;
• Final Draft Verification and Valuation Report;
• Final Draft Verification and Valuation Report (for Customer auditor approval); and
• further requirements are as specified in the RFQ and Short Form Contract Details (draft).

The key objective is to establish a Contract with a suitably resourced Supplier who will have its Key Personnel dedicated to the project delivery to ensure the selected Offer meets the Customer’s critical timelines (in accordance with the successful Supplier’s proposal as accepted by the Customer).

NOTE: the RFQ period has condensed timelines due to required contract and Deliverables commencement.

For detailed information refer documents in Section 3 below. As specified in RFQ, only RFQ and SFCD (draft) document requires completion & submission.

Offer submissions are required electronically via QTenders at date/time via the link provided in section 4 below.