Notice Information
Notice Title
Provision of Global Estate Asset Valuation Services for FCDO
Notice Description
The Foreign, Commonwealth and Development Office (FCDO) is awarding three contracts following a multi-lot procurement for the provision of Global Estate Asset Valuation Services in order to meet financial reporting requirements (IRFS). This Procurement Process is being run in accordance with the Open Procedure under Regulation 27 of the Public Contracts Regulation 2015. Services are divided into three Lots, whereby each lot relates to a specific geographical region. Lot 1 - Africa Lot 2 - Asia Pacifica, South Asia and Afghanistan Lot 3- Americas Each contract will be for an initial 5 year period with an option to extend for up to a further 2 years.
Lot Information
Global Estate Asset Valuation Services - Lot 1 Africa
The Foreign, Commonwealth and Development Office (FCDO) intends to contract a supplier for Global Estate Asset Valuation Services in Africa. The 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 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 and other Government departments, if required. The scope of this procurement includes valuation and inspection services of the FCDO Estate in Africa. The Successful Supplier will also be required to provide impairment valuations, rent ceiling assessments and ad-hoc consultancy services where requested.
Options: The contract is expected to commence 1 June 2023 and will be valid for a period of 5 years with the possibility of an extension for up to 2 more years. The Contracting Authority retains the right and option to alter the geographical region of each Lot by way of variation to meet the needs of the department. The Contracting Authority retains the right and option to alter the scope of the contract, in line with any changes to Financial Reporting Requirements affecting the requirements of the Authority met through this contract.
Renewal: The contract is expected to commence 1 June 2023 and will be valid for a period of 5 years with the possibility of an extension for up to 2 more years.
Global Estate Asset Valuation Services - Lot 2 Asia Pacifica, South Asia and AfghanistanThe Foreign, Commonwealth and Development Office (FCDO) intends to contract a supplier for Global Estate Asset Valuation Services in Asia Pacifica, South Asia and Afghanistan. The 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 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 and other Government departments, if required. The scope of this procurement includes valuation and inspection services of the FCDO Estate in Asia Pacifica, South Asia and Afghanistan. The Successful Supplier will also be required to provide impairment valuations, rent ceiling assessments and ad-hoc consultancy services where requested.
Options: The contract is expected to commence 1 June 2023 and will be valid for a period of 5 years with the option of an extension for up to 2 more years. The Contracting Authority retains the right and option to alter the geographical region of each Lot by way of variation to meet the needs of the department. The Contracting Authority retains the right and option to alter the scope of the contract, in line with any changes to Financial Reporting Requirements affecting the requirements of the Authority met through this contract.
Renewal: The contract is expected to commence 1 June 2023 and will be valid for a period of 5 years with the option of an extension for up to 2 more years.
Global Estate Asset Valuation Services - Lot 3 AmericasThe Foreign, Commonwealth and Development Office (FCDO) intends to contract a supplier for Global Estate Asset Valuation Services in the Americas. The 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 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 and other Government departments, if required. The scope of this procurement includes valuation and inspection services of the FCDO Estate in the Americas. The Successful Supplier will also be required to provide impairment valuations, rent ceiling assessments and ad-hoc consultancy services where requested.
Options: The contract is expected to commence 1 June 2023 and will be valid for a period of 5 years with the option of an extension for up to 2 more years. The Contracting Authority retains the right and option to alter the geographical region of each Lot by way of variation to meet the needs of the department. The Contracting Authority retains the right and option to alter the scope of the contract, in line with any changes to Financial Reporting Requirements affecting the requirements of the Authority met through this contract.
Renewal: The contract is expected to commence 1 June 2023 and will be valid for a period of 5 years with the option of an extension for up to 2 more years.
Global Estate Asset Valuation Services - Lot 1 AfricaThe Foreign, Commonwealth and Development Office (FCDO) intends to contract a supplier for Global Estate Asset Valuation Services in Africa. The 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 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 and other Government departments, if required. The scope of this procurement includes valuation and inspection services of the FCDO Estate in Africa. The Successful Supplier will also be required to provide impairment valuations, rent ceiling assessments and ad-hoc consultancy services where requested.
Options: The contract will commence 15 June 2023 and will be valid for a period of 5 years with the possibility of an extension for up to 2 more years. The Contracting Authority retains the right and option to alter the geographical region of each Lot by way of variation to meet the needs of the department. The Contracting Authority retains the right and option to alter the scope of the contract, in line with any changes to Financial Reporting Requirements affecting the requirements of the Authority met through this contract.
Global Estate Asset Valuation Services - Lot 2 Asia Pacific and South Asia and AfghanistanThe Foreign, Commonwealth and Development Office (FCDO) intends to contract a supplier for Global Estate Asset Valuation Services in Asia Pacifica, South Asia and Afghanistan. The 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 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 and other Government departments, if required. The scope of this procurement includes valuation and inspection services of the FCDO Estate in Asia Pacifica, South Asia and Afghanistan. The Successful Supplier will also be required to provide impairment valuations, rent ceiling assessments and ad-hoc consultancy services where requested.
Options: The contract will commence 7th July 2023 and will be valid for a period of 5 years with the possibility of an extension for up to 2 more years. The Contracting Authority retains the right and option to alter the geographical region of each Lot by way of variation to meet the needs of the department. The Contracting Authority retains the right and option to alter the scope of the contract, in line with any changes to Financial Reporting Requirements affecting the requirements of the Authority met through this contract.
Global Estate Asset Valuation Services - Lot 3 AmericasThe Foreign, Commonwealth and Development Office (FCDO) intends to contract a supplier for Global Estate Asset Valuation Services in the Americas. The 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 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 and other Government departments, if required. The scope of this procurement includes valuation and inspection services of the FCDO Estate in the Americas. The Successful Supplier will also be required to provide impairment valuations, rent ceiling assessments and ad-hoc consultancy services where requested.
Options: The contract will commence 15 June 2023 and will be valid for a period of 5 years with the possibility of an extension for up to 2 more years. The Contracting Authority retains the right and option to alter the geographical region of each Lot by way of variation to meet the needs of the department. The Contracting Authority retains the right and option to alter the scope of the contract, in line with any changes to Financial Reporting Requirements affecting the requirements of the Authority met through this contract.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-0388e1
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/020402-2023
- Current Stage
- Award
- All Stages
- Planning, Tender, Award
Procurement Classification
- Notice Type
- Planning Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Open
- Procurement Method Details
- Open procedure
- Tender Suitability
- Not specified
- Awardee Scale
- Large
Common Procurement Vocabulary (CPV)
- CPV Divisions
66 - Financial and insurance services
79 - Business services: law, marketing, consulting, recruitment, printing and security
-
- CPV Codes
66000000 - Financial and insurance services
70000000 - Real estate services
70331000 - Residential property services
70331100 - Institution management services
70332000 - Non-residential property services
70332100 - Land management services
70332200 - Commercial property management services
79993000 - Building and facilities management services
Notice Value(s)
- Tender Value
- £3,319,000 £1M-£10M
- Lots Value
- £3,319,000 £1M-£10M
- Awards Value
- Not specified
- Contracts Value
- £3,319,000 £1M-£10M
Notice Dates
- Publication Date
- 14 Jul 20233 years ago
- Submission Deadline
- 13 Mar 2023Expired
- Future Notice Date
- 1 Feb 2023Expired
- Award Date
- 15 Jun 20233 years ago
- Contract Period
- 1 Jun 2023 - 31 May 2028 Over 5 years
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Active, Cancelled
- Awards Status
- Active
- Contracts Status
- Active
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
- Postcode Area
- 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
Open Contracting Data Standard (OCDS)
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.