Award

Awarded Contract for the Provision of Global Estate Asset Valuation Services - MENA

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 3 releases in its history.

Award

29 Oct 2024 at 17:06

TenderAmendment

18 Jul 2024 at 15:15

Tender

18 Jul 2024 at 10:26

Summary of the contracting process

The Foreign, Commonwealth and Development Office (FCDO) has awarded a contract for the provision of Global Estate Asset Valuation Services within the Middle East and North Africa (MENA) region. The contract pertains to building and facilities management services, specifically requiring valuations, inspection, and rent ceiling assessments of FCDO properties, including embassies, visa offices, and residential buildings. The awarded contract, with a value of £559,900, will be executed by Colliers International Property Consultants Limited and spans an initial five-year period starting from 9th October 2024, with an option for a two-year extension. The procurement was conducted through an open procedure.

This contract presents significant business opportunities, particularly for firms experienced in estate valuation and asset management. Small and medium-sized enterprises (SMEs) are well-positioned to compete for such opportunities, given the scope for ongoing advisory services required by the FCDO. Businesses capable of providing comprehensive valuation, inspection, and consulting services can leverage this contract to establish long-term partnerships and potentially expand their operations across a variety of international locations, including the British Overseas Territories and Europe.

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Notice Title

Awarded Contract for the Provision of Global Estate Asset Valuation Services - MENA

Notice Description

The Foreign, Commonwealth and Development Office (FCDO) has estate property around the world (including the United Kingdom) and operates in over 280 different locations. The estate comprises Embassies & High Commissions (anything from a stand-alone, freehold building on a secure compound, to a fitted-out leased office in a multi-occupied, high-rise building), visa offices, Residences for Heads of Post and residential buildings for diplomats. Additionally, there are individual "legacy" properties such as churches, cemeteries, etc. The FCDO has a financial reporting requirement (IFRS), supported by HM Treasury Government Financial Reporting Manual, to revalue the Estate's assets to ensure they are well managed, correctly recorded and accurately valued in the annual accounts. The Estates, Security and Network Directorate (ESND) of the FCDO, on behalf of the Secretary of State for Foreign, Commonwealth and Development Affairs, requires valuations, inspection and rent ceiling assessments of the FCDO Estate within the Middle East and North Africa (MENA) region and, other Government departments, if required. The scope of this contract includes valuation and inspection services of the FCDO Estate. The Successful Supplier is required to provide impairment valuations, rent ceiling assessments and ad-hoc consultancy services where requested. The Contract will be for an initial 5 year period with an option to extend for up to a further 2 years. Additional information: The requirement was procured via the Foreign, Commonwealth and Development Office's eprocurement portal: https://fcdo.bravosolution.co.uk. Suppliers, who were not previously registered on the portal, who were interested in being considered for this opportunity needed self-register on the site in order to participate - registration is free and instantaneous.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-17232965-18cc-4d1b-abbd-abc5beb0c8fd
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2d26c51d-6023-4a33-a0e5-52425437feb4
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

79993000 - Building and facilities management services

Notice Value(s)

Tender Value
£559,900 £500K-£1M
Lots Value
Not specified
Awards Value
£559,900 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
29 Oct 20241 years ago
Submission Deadline
27 Aug 2024Expired
Future Notice Date
Not specified
Award Date
10 Oct 20241 years ago
Contract Period
8 Oct 2024 - 8 Oct 2029 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Not specified
Contact Email
commercial.esndcategories@fcdo.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2AH
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

COLLIERS INTERNATIONAL PROPERTY CONSULTANTS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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