CALL FOR PROPOSALS

THE CONSULTANCY SERVICES TO CONDUCT A STUDY ON THE VALUATION PRACTICE IN RWANDA

PROCURING METHOD: National Open Competitive Bidding for Individual Consultant.

1.0 INTRODUCTION

1.1 BACKGROUND

The Institute of Real Property Valuers in Rwanda (IRPV) was established by Law Nº 17/2010 of 12/05/2010 establishing and organizing the real property valuation profession in Rwanda as published in Official Gazette n° 20 of 17/05/2010.

The legal responsibilities of the Institute are:

1. To analyze and find solutions to all problems related to the real property valuation profession.
2. To analyze and find solutions to all problems related to the conduct of real property valuers.
3. To exchange information related to the real property valuation profession.
4. To promote the real property valuation profession in Rwanda.
5. To prepare regulations and guidelines governing the real property valuation profession.
6. To prepare real property valuation standards.
7. To represent the interest of, and advocate for Real Property Valuers in Rwanda and abroad.

1.2 PROBLEM STATEMENT

Since its establishment, the Institute of Real Property Valuers in Rwanda has grown in terms of the number of registered valuers, services, partners, and stakeholders. Valuation services are mainly needed by financial lenders (commercial banks & microfinance institutions), insurance companies, bailiffs, government institutions for compensation during expropriation, among others. However, there has been increasing complaints from valuers, clients and stakeholders regarding valuation influence, bribery, valuation inaccuracy, valuation variance, lack of local valuation standards and practical guidelines to valuers, among others.

The concern originates from the availed process and procedures to which mortgage valuation practice is being implemented in Rwanda. When it comes to mortgage valuation practice in Rwanda, the main key players are IRPV, Central Bank, Commercial Banks, Microfinances and RDB.

For more information about this tender, please, click on the link 52956a72-799e-4ca9-baf8-b767e2e9f425_Study_on_harmonization_of_valuation_practice_ToRS_May_2024__1_.pdf