Institution Of Surveyors Of Kenya Calls For Professional Standards In Government Assets Valuation Policy Framework
The Mt Kenya Times 
ISK President Mr Nyadimo issuing his statement to the media
By: Cynthia Masibo
The Institution of Surveyors of Kenya (ISK) has issued a press statement on August 27, 2025, addressing the Draft Government Assets Valuation Policy Framework for the Public Sector. ISK welcomes the government’s initiative to establish a structured policy to govern the valuation of public assets but emphasizes the critical need for professionalism and adherence to recognized valuation standards.
The draft policy framework aims to regulate how government assets ranging from land and buildings to infrastructure and other properties are valued across public institutions. This effort is intended to promote transparency, accountability, and accurate reporting in the management of public resources.
In their statement, ISK highlighted that successful implementation of the valuation framework depends heavily on involving certified professional surveyors and valuers. The institution stressed that valuations must be conducted based on international best practices, using transparent methodologies to ensure that asset values reflect true market conditions and avoid risks of under or overvaluation that could lead to financial losses.
ISK further urged that the policy must consider the diverse nature of government assets, recommending tailored valuation approaches for different asset types immovable properties such as land should be assessed differently from movable assets like equipment and vehicles. The framework should therefore strike a balance between consistency and flexibility in its guidelines.
The institution also called for ongoing capacity building and regulation of professionals involved in asset valuations to maintain high standards and confidence in public sector asset management. ISK noted that strengthening the skills and knowledge of valuers will safeguard the integrity of the valuation process.
Overall, ISK expressed support for the draft policy framework but underscored that its success hinges on robust professional involvement, clear standards, and stakeholder engagement. The institution encourages public participation in reviewing the draft to help shape an effective policy that preserves public wealth and enhances fiscal prudence.
This statement reflects ISK’s commitment to ethical survey practice and its role in safeguarding the nation’s public assets through improved valuation frameworks.
Members of the public and stakeholders are encouraged to review the draft Government Assets Valuation Policy Framework and submit their feedback through official government platforms and ISK’s website as part of the ongoing consultation process.
This policy framework represents a pivotal step towards strengthening asset management across Kenya’s public sector, ensuring government assets are accurately valued, well managed, and contributing effectively to national development goals.
Similar Posts by The Mt Kenya Times:
- Mt Kenya Times ePAPER June 27-28, 2026
- Dembélé’s 32-minute hat-trick fires France past Norway to top Group I
- Senegal dismantle ten-man Iraq with five-star Toronto statement
- Leading with purpose: How Rebecca Miano’s vision transformed KenGen and cemented her legacy
- Kenya National Police DT SACCO: A continental benchmark for cooperative excellence
About the Author
