Award

Awarded Contract for the Provision of Antiques and Works of Art Valuation Services

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 2 releases in its history.

AwardUpdate

10 May 2024 at 15:27

Award

10 Apr 2024 at 14:07

Summary of the contracting process

The Foreign Commonwealth & Development Office (FCDO) has awarded a contract for the Provision of Antiques and Works of Art Valuation Services. The procurement process, which was an open procedure, aimed to secure services for valuating the FCDO's antiques and works of art collections across various locations including British Oversea Territories, Europe, and the United Kingdom. The contract has a value of 130,548 GBP and runs from April 8, 2024, to April 8, 2028.

This tender presents opportunities for businesses in the financial and insurance services category. Companies capable of providing valuation services for antiques and works of art would be well-suited to compete. The awarded supplier, Golding Young & Mawer, successfully demonstrated their ability to meet the FCDO's requirements through a competitive evaluation process based on the Most Economically Advantageous Tender criteria. SMEs operating in this industry can benefit from engaging with similar procurement opportunities in the future.

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Notice Title

Awarded Contract for the Provision of Antiques and Works of Art Valuation Services

Notice Description

The Foreign Commonwealth & Development Office (FCDO) issued an invitation to tender to the open market for the provision of antiques and works of art valuation services across the entire FCDO global estate. The services includes establishing and completing a global valuation programme which delivers to the FCDO's financial reporting requirement (IFRS), that requires that antiques and works of art (AWA) within the FCDO estate are well managed, correctly recorded and accurately valued in annual accounts. The scope of services included valuating 16 Overseas posts AWA collections. The collections include but are not limited to, such items as Furniture, Carpets, Chandeliers, Silverware, Glassware, China, Tapestries, Sculptures, Decorative arts & Paintings. Tenders were sought from the open market who were capable of carrying out the services. Following the submissions of ITTs and evaluation based on the Most Economically Advantageous Tender, Golding, Young and Mawer were appointed as the Successful Supplier.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ce07bd7a-bd98-469b-9e70-a3c54026a048
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/10df30b2-1145-43df-b0d7-26b4a3d5d36c
Current Stage
Award
All Stages
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

66 - Financial and insurance services


CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£130,548 £100K-£500K
Lots Value
Not specified
Awards Value
£130,548 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
10 May 20241 years ago
Submission Deadline
19 Jan 2024Expired
Future Notice Date
Not specified
Award Date
7 Apr 20241 years ago
Contract Period
7 Apr 2024 - 8 Apr 2028 4-5 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
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

Supplier Information

Number of Suppliers
1
Supplier Name

GOLDING YOUNG & MAWER

Open Contracting Data Standard (OCDS)

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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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