INFRASTRUCTURE PROJECTS LOCAL GOVERNMENT FINANCIAL REPORTING AND INSURANCE

Valuation and Compensation

Land acquisition may be undertaken by compulsion or negotiation. Either way, competent valuation advice is essential to ensure the interests of all parties are financially and legally protected and outcomes equitably balanced. 

Public Private Property’s experience in land acquisition extends to whole of property, partial interest and easement acquisitions. We are competent in urban, regional and rural areas. Importantly, we also understand that the way we engage with land owners during the valuation process is critical to successful project outcomes.

Public Private Property is a niche provider of valuation services to assist Government and industry deliver infrastructure projects. Public Private Property valuers are conversant with land acquisition legislation across the country. We further understand the requirements of the various Court jurisdictions as they relate to the preparation of Expert Reports.

Professionally presented and well-reasoned valuations save considerable time and money over the life of a project. Whether by compulsion or agreement, our services are provided on the premise that the valuer must be fully independent of other project functions. 

Infrastructure Projects

Public Private Property is a capable specialist firm that recognises the growing needs of infrastructure developers for high quality valuation and property related advisory. In addition to formal valuations, Public Private Property provides both high level and detailed land acquisition estimates. The level of detail provided is always commensurate with the stage of the project and client instructions.

Where necessary, we also assist clients identify and quantify cost gaps in project costing, with such costs including, but not limited to estimated professional fees (legal and valuation), survey and land division costs, statutory costs, stamp duty, land access and land owner negotiation.

Infrastructure Projects

· Road 
· Rail
· Logistics
· Mains Water
· Waste Water
· Flood Mitigation
· Power Generation
· Oil and Gas
· Transmission Lines
· Distribution Lines
· Substations
· Compressor Stations
· Pumping Stations
· Irrigation Projects

Types of Acquisition

· Whole of Property Acquisition
· Partial Property Acquisition
· Easements and Rights of Way

 
Land Use Expertise

· Agriculture
· Pastoral
· Horticulture
· Commercial 
· Industrial
· Residential
· Institutional 
· Open Space 

Local Government

Public Private Property is a specialist provider of valuation and property advisory services to Local Government. Our specialist public sector valuers have extensive experience in the provision of asset revaluations, assessments of compensation and valuation advice that is often unique to Council assets.

Our experience extends to city, metropolitan and rural Councils in provision of the following services:

Asset Revaluations

(AASB 116 and AASB 13)

· Land
· Buildings
· Infrastructure
· Plant and Equipment

Insurance Valuations

· Buildings
· Structures
· Infrastructure
· Contents
· Plant and Equipment

Land Acquisition and Easements

· Stormwater Drainage
· Road Widening and Black Spot Programs
· Water and Waste-Water Projects
· CWMS and PLEC Schemes

Other Specialist Valuations

· Road Closures
· Market Valuations for Acquisition and Disposal
· Market Rental Assessments
· Commercial Based Rental Assessments
· Community Based Rental Assessments

Financial Reporting and Insurance 

Public Private Property offers the resources and experience necessary to deliver accurate and compliant valuations for the following classes of assets: 

Land • INFRASTRUCTURE • BUILDINGS • PLANT AND EQUIPMENT

Valuations for Financial Reporting Purposes 

(AASB 116 and AASB 13)

Valuations for Financial Reporting purposes require skills in both market and cost based valuation techniques. They also require an appreciation of total useful lives applicable to each class of asset together with the components that make up those assets.

An appreciation of the way in which geographical and climatic elements impact the lifecycle of assets is also critical (valuation pattern).

At PPP we place heavy emphasis on AASB13 Disclosure requirements. This ensures the highest possible level of transparency in the valuation process which is inclusive of componentisation and depreciation of each individual asset. Such emphasis on Disclosure provides confidence not only to our clients, but also very importantly to our client’s auditors and the communities they serve.

Valuations for Insurance Purposes

(ISR Policy Wording)

An understanding of the insurance policy type and policy wording is essential to ensure commercially satisfactory and timely insurance claims. 

Strict compliance with Australian Property Institute Practice Standards supported by rigorous research and quality control are also paramount.

The insurance valuation process is complex. At PPP we commence with accurate capture of asset specifications. Next steps include a staged analysis of the full extent of costs incurred in the event of a loss.

Such costs include design and engineering of replacement asset, time and costs to obtain necessary approvals, calling for tenders, rebuilding, fit-out, commissioning and demolition and removal of debris.