Government Panel of Valuers
Valuer-General Victoria (VGV) has established and manages the Valuation Services Panel (VSP) for the purpose of quality assuring valuation advice procured for government departments and agencies for property transaction purposes.
The VSP provides valuation services for property transactions and other related property purposes. It also includes the services of allied disciplines professionals to provide advice aligned to property matters such as independent town planning, engineering, business valuations and quantity surveying.
Government agencies can access the panel directly for low risk valuations and high risk valuations, which require a second/check valuation.
Valuation Services Panel Procurement Guidelines (accessible version)
Valuation Services Panel Procurement Guidelines
Please note: Where government agencies access members of the VSP directly, they will need to comply with the Victorian Government Procurement Board (VGPB) guidelines and their financial delegations process regarding procurement of services.
When should departments and agencies use the panels?Where the market value of the land or the combined value of two or more properties/parcels/titles is:
- Less than $250,000 - It is mandatory to obtain one valuation. Valuer-General Victoria, or a valuer who is a member of the VSP must make the valuation. Departments and agencies may elect to obtain a check valuation. It is recommended that where there are elements of risk, complexity or unusual circumstances, a VGV valuation should be obtained.
- Between $250,000 and $500,000 - It is mandatory to obtain a valuation from VGV. Departments and agencies may use discretion in respect to a second valuation. A valuer, who is a member of the VGV VSP, must make the second valuation if required.
- Greater than $500,000 - It is mandatory to obtain two valuations. One of the valuations must be obtained from VGV. A member from the VSP must make the second valuation.
For further information please refer to the Government Land Monitor.
Requesting a Valuation
Please note: Document(s) on this page are presented in PDF format. If you do not have the Adobe Reader, you can download a copy free from the Adobe web site.