Planning

Provision of Global Estate Asset Valuation Services - Middle East and North Africa

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 1 release in its history.

Planning

18 Mar 2024 at 12:06

Planned Procurement Notice
Summary of the contracting process

The Foreign Commonwealth and Development Office is planning a tender for the "Provision of Global Estate Asset Valuation Services - Middle East and North Africa" in the financial and insurance services industry category. The procurement process is in the planning stage, with an anticipated award date in June 2024. The tender, valued at £559,900, aims to provide valuations, inspections, and rent ceiling assessments for its estate in the MENAD region. The contract is set to start on 1st July 2024 and may run for 5 years, with a possible extension of up to 2 years. Interested businesses, particularly those offering valuation services, should monitor the FCDO e-procurement portal for further updates.

This opportunity presented by the FCDO can benefit businesses specializing in asset valuation services, especially those with experience in estate valuations within the Middle East and North Africa region. Companies seeking to grow their business through government contracts in the financial and insurance services sector should consider participating in this tender. The FCDO's requirement for valuations, inspections, and rent ceiling assessments offers a potential long-term contract with the opportunity for extension, providing a stable source of revenue for successful bidders over the contract period. Businesses looking to expand their operations and establish partnerships in the MENAD region should actively engage with this procurement process.

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Notice Information

Notice Title

Provision of Global Estate Asset Valuation Services - Middle East and North Africa

Notice Description

The FCDO is the government department responsible for promoting British interests overseas and supporting our citizens and businesses around the globe. 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 of Embassies & High Commissions (anything from stand-alone, freehold building on 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. Thus, 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, inspections and rent ceiling assessments of the FCDO Estate and other Government departments, if required. The purpose of the Global Estate Valuation Services - MENAD contract is to provide valuations, inspections and rent ceiling assessments of the FCDO estate within the Middle East and North Africa (MENAD) region. FCDO wish to understand capacity and interest to deliver Global Estate Valuation Services - MENAD. This notice is being published to advertise a forthcoming procurement opportunity. The procurement is planned to commence in the coming months, with an anticipated award date of June 2024 (subject to change). The anticipated start date for the provision of services is 1st July 2024. It is anticipated that the contract will run for 5 years with the option to extend by up to a further 2 years. The estimated Contract Value is PS559,900. Note: the value stated is an estimate at this stage and will be finalized and confirmed within the Contract Notice. The contract terms will be FCDO Standard Terms and Conditions. The requirement will be procured via the Foreign, Commonwealth and Development Office's e-procurement portal: Foreign Commonwealth & Development Office eSourcing Portal (bravosolution.co.uk). Additional information: The FCDO reserves the right to run further market engagement with suppliers who have expressed an interest in this project. Participation or non-participation in this market engagement exercise shall not prevent any supplier from participating in a potential future procurement, nor is it intended that any information supplied as part of this exercise shall place any supplier at an advantage in a potential procurement process. No formal assessment of capability or down selection of bidders will be carried out in relation to any responses received. The requirement will be procured via the Foreign, Commonwealth and Development Office's e-procurement portal: Foreign Commonwealth & Development Office eSourcing Portal (bravosolution.co.uk). Suppliers not currently registered on the portal, who are interested in being considered for this opportunity must self-register on the site to participate. Registration is free and instantaneous. Suppliers already registered on the site will not need to re-register but will need to complete the full suite of tender documents once issued to be considered for the opportunity.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5dc37376-abf8-4718-a92d-002f8dc53d86
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f400b19b-0d25-4a31-9c61-ee2a70b3f36a
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planned Procurement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Not Specified
Procurement Method Details
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

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

Notice Dates

Publication Date
18 Mar 20241 years ago
Submission Deadline
Not specified
Future Notice Date
12 Apr 2024Expired
Award Date
Not specified
Contract Period
30 Jun 2024 - 1 Jul 2029 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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