City of Red Deer Audit Committee Agenda Packet May 20 2026
Facility Valuation Partnership With Suncorp Reduces Premiums
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Description
The City of Red Deer continues to partner with Suncorp Property Valuations to reassess major facility replacement values, resulting in optimized property coverage and lower excess premiums. Further valuations of reservoirs and the Waste Management Facility are planned for 2026.
Contract Details
Vendor
SUNCORP PROPERTY VALUATIONS
Agency
City of Red Deer, Canada
Contract Type
PROFESSIONAL_SERVICES
Document Date
May 20, 2026
Contract Term
Valuation cycles 2023–2025 with additional work planned in 2026
Renewal Info
Ongoing multi-year valuation engagement; prior cycle completed for largest assets with further valuation work slated for 2026.
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