Award

Professional Valuation of Financial Assets for FCDO Financial Year Ends 2020/21 and 2021/22

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 1 release in its history.

Award

19 Feb 2024 at 05:20

Award Notice
Summary of the contracting process

The Foreign, Commonwealth and Development Office (FCDO) has awarded a contract for the Professional Valuation of Financial Assets for FCDO Financial Year Ends 2020/21 and 2021/22. The procurement method used was selective, involving a call-off from a framework agreement. The contract value is £126,225 GBP, with a contract period starting on March 1, 2021, and ending on April 15, 2022. The tender deadline was February 15, 2021, and the contract has been awarded to Azets Holdings Limited.

This tender presents an opportunity for businesses operating in financial consultancy services and legal insurance to provide annual valuations of balance sheet items for FCDO's disaster risk insurance and financial sector deepening programmes. The FCDO is based in Renfrew, England, and the contract covers various locations, including British Oversea Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom. Small and medium-sized enterprises (SMEs) are considered suitable for this procurement process.

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Notice Information

Notice Title

Professional Valuation of Financial Assets for FCDO Financial Year Ends 2020/21 and 2021/22

Notice Description

The Foreign, Commonwealth and Development Office (FCDO) must recognise six balance sheet items: five are in connection with its Disaster Risk Insurance Programme and one is in connection with its Financial Sector Deepening Africa Programme. The Supplier will be engaged to provide annual valuations of these items in accordance with International Financial Reporting Standards (IFRS) for the close of the next two FCDO financial years: year ending 31 March 2021; and year ending 31 March 2022.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7a2454bf-7dd3-483b-b2fc-fc355dd4a9e6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/64ceb0d7-db87-4ebd-a16f-4b9c76098138
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

66513000 - Legal insurance and all-risk insurance services

Notice Value(s)

Tender Value
£126,225 £100K-£500K
Lots Value
Not specified
Awards Value
£126,225 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Feb 20242 years ago
Submission Deadline
15 Feb 2021Expired
Future Notice Date
Not specified
Award Date
1 Mar 20214 years ago
Contract Period
1 Mar 2021 - 15 Apr 2022 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
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
RENFREW
Postcode
PA4 8WF
Post Town
Paisley
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM33 Inverclyde, East Renfrewshire, and Renfrewshire
Delivery Location
Not specified
Local Authority
Renfrewshire
Electoral Ward
Renfrew North and Braehead
Westminster Constituency
Paisley and Renfrewshire North

Supplier Information

Number of Suppliers
1
Supplier Name

AZETS HOLDINGS

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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