Notice Information
Notice Title
Provision of Global Estate Asset Valuation Services - MENA
Notice Description
The Foreign, Commonwealth and Development Office (FCDO) awarded the contract for the provision of Global Estate Asset Valuation Services within Middle East and North Africa (MENA) to Colliers International Property Consultants, in order to meet financial reporting requirements (IRFS). The Procurement Process was run in accordance with the Open Procedure under Regulation 27 of the Public Contracts Regulation 2015. The Contract will be for an initial 5 year period with an option to extend for up to a further 2 years.
Lot Information
Lot 1
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 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 the 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 within the Middle East and North Africa (MENA) region and, other Government departments, if required. The scope of this contract includes valuation and inspection services of the FCDO Estate. The Successful Supplier is required to provide impairment valuations, rent ceiling assessments and ad-hoc consultancy services where requested. The Maximum Contract Spend under this contract, including extension options will be PS559,900 (including VAT). Additional information: The requirement was procured via the Foreign, Commonwealth and Development Office's eprocurement portal: https://fcdo.bravosolution.co.uk. Suppliers, who were not previously registered on the portal, who were interested in being considered for this opportunity needed self-register on the site in order to participate - registration is free and instantaneous.
Options: The Contracting Authority retains the right and, option to alter the geographical region 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. Option to extend the Contract by up to a further 2 years.
Renewal: The contract will allow for the option to extend for a further 2 years after the initial 5 year period.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-0449cd
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/035089-2024
- 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
70 - Real estate services
79 - Business services: law, marketing, consulting, recruitment, printing and security
-
- CPV Codes
66000000 - Financial and insurance services
70000000 - Real estate services
70331100 - Institution management services
70332000 - Non-residential property services
70332200 - Commercial property management services
79993000 - Building and facilities management services
Notice Value(s)
- Tender Value
- £559,900 £500K-£1M
- Lots Value
- £559,900 £500K-£1M
- Awards Value
- Not specified
- Contracts Value
- £559,900 £500K-£1M
Notice Dates
- Publication Date
- 29 Oct 20241 years ago
- Submission Deadline
- 19 Aug 2024Expired
- Future Notice Date
- 11 Apr 2024Expired
- Award Date
- 10 Oct 20241 years ago
- Contract Period
- 19 Sep 2024 - 19 Sep 2029 Over 5 years
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Cancelled
- Awards Status
- Active
- Contracts Status
- Active
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
- Contact Name
- Not specified
- Contact Email
- commercial.esndcategories@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
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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