Introduction:

Established in 1863, the international committee of the Red Cross (ICRC) is a neutral and independent organization providing humanitarian assistance to people affected by conflict and armed violence and other situations of violence.

Based on the permanent mandate conferred to it by the international law, the ICRC acts im-partially in favor of prisoners, wounded and sick, and civilians affected by armed conflict.

ICRC is the founding member of the Red Crescent and Red Cross International Movement. We collaborate closely with our partners from the Movement – the International Federation of Red Crescent and Red Cross societies and Red Crescent and Red Cross-National Societies, who intervene in 190 countries.

Based in Geneva, Switzerland, the ICRC employs some 20 000 people in more than 90 countries; it is funded mainly by voluntary donations from governments and from Red Cross and Red Crescent National Societies.

Background

To ensure a transparent, independent, and informed disposition process, an Appraisal Company will be engaged to provide an independent valuation of the property. This valuation will support decision-making and establish a minimum market worth.

Objective:

• Establish the Fair Market Value of the property.
• Provide a well-supported, defensible, and independent valuation.
• Assist in setting a minimum acceptable selling price based on market data.

Scope of Work

• The Appraisal Company will be expected to:
• Conduct an independent market appraisal of the subject property.
• Use appropriate valuation methodologies, including:
  • Comparable market sales
  • Income capitalization approach (if applicable)
  • Cost approach (if relevant)
• Provide detailed analysis and rationale for the final valuation, including:
  • Market conditions
  • Comparable properties used
  • Adjustments for differences (e.g., location, condition, features)
• Present the appraisal findings to the project team in a written report.

Deliverables

• A comprehensive valuation report including:
  • Final appraised value of the property
  • Detailed explanation of the methodology and assumptions used
  • List and analysis of comparable properties
  • Market overview and analysis
  • Maps, photographs, and any relevant supporting documentation
• Presentation (virtual or in-person) of findings and conclusions

Independence Requirement

• The Appraisal Company must be independent of any broker engaged in the disposition process.
• Any existing or past relationships with potential brokers must be disclosed.

Responsibilities

• Conduct site visit and data collection in coordination with ICRC.
• Maintain objectivity and avoid conflict of interest.
• Deliver report within agreed timeframe.
• Ensure adherence to International Valuation Standards (IVS) or RICS standards (if applicable).
• Keep all findings confidential.

Qualification Criteria

1. Registered with Securities and Exchange Commission of Pakistan (SECP) or Pakistan Banks Association (PBA) as a certified valuer. Copy of valid registration certificate
2. Registered with Islamabad estate agent association
3. Valid NTN and GST registration. Copy of tax registration certificates
4. Minimum 5 years of experience in real estate valuation. List of past assignments + references
5. Experience in valuing residential/commercial buildings in Islamabad. Minimum 3 examples with client references
6. Not blacklisted by any government or international agency- Signed self-declaration on company letterhead or affidavit.

Applicants who do not meet all mandatory criteria will be not shortlisted.

Coordination & Oversight

• The selected Appraisal Company will coordinate with the Project Lead from ICRC.
• ICRC authorized representative will provide oversight and validation.

Ownership and Confidentiality

The final valuation report and all supporting materials will be the property of the client

The appraiser shall maintain full confidentiality of all property-related information and documents received. No part of the report or data may be shared or published without prior written permission of the client.

ICRC Visit to The Service Provider

ICRC reserves the right to visit the Service Provider office/facilities.

Location and Dimensions of Property

Sector G-6/4, Islamabad

Plot Dimensions: 1003.7 Sqm

Built base area: 613,12 sqm