Notice Information
Notice Title
FCDO IFRS 16 Lease Management Hub
Notice Description
The adoption by FCDO of a new accounting standard (International Financial reporting Standard [IFRS] 16), now demands a level of rigour and accuracy in accounting for FCDO leases. It is proposed to centralise all lease data inputting into a hub to improve accuracy. To do this FCDO is seeking to set up an (initially) outsourced, lease management hub to process all FCDO lease events (new leases, lease extensions, rent reviews and lease terminations). FCDO is now creating centralised lease management service to proactively identify upcoming lease events for properties overseas, and to retrieve the details of those events with supporting documentation, and for a dedicated team of lease managers to enter that data into the IWMS system (Planon) and then quality assure and approve that data in the system. This will improve the accuracy of the accounting outputs and also assist FCDO to comply with cross government property standards (GOVS_004). The service will also work with FCDO Finance team to make corrections in Planon that arise from reconciliations within the accounting system - the reconciliation work will be undertaken by the FCDO Finance Team.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-b5fd17-feb4ca6a-2dc2-4ce1-b3ed-9ceffd39f922
- Publication Source
- Contracts Finder
- Latest Notice
- https://www.contractsfinder.service.gov.uk/Notice/8c2a7c71-1532-49d0-9b50-a87c70d5ffa3
- Current Stage
- Award
- All Stages
- Planning, 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
70 - Real estate services
79 - Business services: law, marketing, consulting, recruitment, printing and security
-
- CPV Codes
70000000 - Real estate services
79900000 - Miscellaneous business and business-related services
Notice Value(s)
- Tender Value
- £1,529,668 £1M-£10M
- Lots Value
- Not specified
- Awards Value
- £1,529,668 £1M-£10M
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 20 Feb 20251 years ago
- Submission Deadline
- 24 Jun 2024Expired
- Future Notice Date
- 9 Apr 2024Expired
- Award Date
- 29 Oct 20241 years ago
- Contract Period
- 1 Nov 2024 - 31 Oct 2026 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
- Not specified
- Contact Email
- commercial.corporate@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
Further Information
Notice Documents
-
https://www.contractsfinder.service.gov.uk/Notice/8c2a7c71-1532-49d0-9b50-a87c70d5ffa3
20th February 2025 - Awarded contract notice on Contracts Finder -
https://www.contractsfinder.service.gov.uk/Notice/dd135bd1-c40c-47e3-8518-2cebecbf2edf
24th May 2024 - Opportunity notice on Contracts Finder -
https://www.contractsfinder.service.gov.uk/Notice/6c6ef110-a9a8-432f-a1c0-d4292e5cccc4
2nd April 2024 - Early engagement notice on Contracts Finder -
https://forms.office.com/e/YJj51eaPmy
Please complete this form to submit your interest in attending our early market engagement session (EME). All responses must be submitted by 17:00 UK time on the 9th April 2024.
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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