Is it necessary to hire an appraiser for the appraisal of unserviceable properties?
It is not necessary to hire an appraiser for the
appraisal of unserviceable properties. The members of the Disposal and Appraisal Committee (DAC) are expected to undertake the appraisal of government properties and to prepare the appraisal report.
Furthermore, Section 5.0 of the Manual on Appraisal of Government Properties except Real Estate, Antique Property and Works of Art already provides the revised formula to compute the appraised value, as well as illustrative examples to guide the members of the DAC.
(Section A-2, Part II of National Budget Circular No. 425 dated 28 January 1992 or Manual on the Disposal of government property)