Property, Plant, and Equipment (PPE) Valuator at Widows and Orphans Empowerment Organization (WEWE)

Widows and Orphans Empowerment Organization (WEWE) was registered as a not-for-profit organization with the Corporate Affairs Commission (CAC), Abuja, Nigeria on June 8, 2009, and is domiciled in Nigeria. WEWE’s mission is “Empowering communities, vulnerable persons, and local organizations to be resilient by faith”.

We are recruiting to fill the position below:

Job Title: Property, Plant, and Equipment (PPE) Valuator

Location: Abuja (FCT)
Employment Type: Contract

Scope of Work

• The PPE Valuation Firm herein referred to as “Valuer” will perform all studies and analysis, undertake field service/investigations if required, and prepare necessary documents/reports to achieve satisfactorily the objective of the assignment. Relevant activities shall be carried out in due consultation with WEWE.
• By the foregoing requirements, the Scope/Terms of Reference of valuation services are enclosed in Annexure-I.

Valuation - Scope of Work: ANNEXURE - I
In estimating the market value for the WEWE’s PPE, the Valuer shall:

• Identify and describe the property being valued.
• Carry out due diligence and review of the Plant and machinery and Review of physical encumbrances, if any.
• Collect information and conduct due diligence on matters like market information, quotations, and offers of similar assets sold.
• State any assumptions or limiting conditions that may affect the analysis, opinions, and conclusions.
• Provide sufficient information to permit those who read and rely on the report to fully understand the data, reasoning, analyses, and conclusions underlying Asset Valuer’s findings and opinions.
• Completely and understandably set forth the valuation report in a manner, which will be comprehensive, accurate, and not in any manner misleading.
• The Valuer will be responsible for generating a draft report and making detailed presentations on the subject matter as may be required by WEWE.
• Post presentation, the Valuer, shall, if required, incorporate the suggestions as may be requested by WEWE or provide for any other additional clarification that may be required. The final deliverable shall be a final Valuation Report, incorporating any change(s)/ modification(s) as may be suggested above.
• The Valuer shall calculate the Fair Value, Distress Sale Value, and Liquidation Value on both a ‘Piece-Meal’ and ‘Scrap Value’ basis and provide details of the methodology followed for the same. The Valuer shall also advise on the Reserve Price for the asset.
• The Valuer shall carry out the valuation of personal movable and immovable assets as per the details provided by the organization.

Notes
In addition to the above scope of work, the Valuation Report should, inter alia provide the following:

• Approach and methodology followed.
• Valuer assessment on the aspects mentioned above and other considerations taken in the valuation of assets and how these have been considered in arriving at the values.
• Fair value of the fixed assets covering plant and machinery and other fixed assets including motor vehicles and office equipment, indicating the following:
• Plant and machinery- Specifications, condition, computation of fair value (Such as details regarding current costs, depreciation for past usage, additional cost required for repair and renovations, etc.)
• Other Fixed Assets: Specifications, condition, depreciation for past usage, and additional cost required for repair and renovation, values arrived at concerning various sources/ methods.
• Any other matter which the Valuer in his judgment should feel worth indicating.
• Replacement Value and Realizable Value for the above assets must be shown separately. If in the opinion of the Valuer, certain assets are likely to realize only scrap value, the same should be indicated with suitable justifications.
• Advise on the Reserve Price of the asset.

Application Closing Date
23rd January, 2024.