Award

Provision of Global Estate Asset Valuation Services - MENA

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 3 releases in its history.

Award

29 Oct 2024 at 17:05

Tender

18 Jul 2024 at 10:25

Planning

18 Mar 2024 at 12:01

Summary of the contracting process

The Foreign, Commonwealth, and Development Office (FCDO) has initiated a public procurement process for the provision of Global Estate Asset Valuation Services in the Middle East and North Africa (MENA) region. As of 29 October 2024, the procurement stage has reached the award phase, with the contract awarded to Colliers International Property Consultants Limited. The purpose of this tender is to meet financial reporting requirements under the International Financial Reporting Standards (IFRS). The contract, valued at £559,900, will run for an initial period of five years and may be extended by up to two additional years. The tender was conducted using the open procedure under Regulation 27 of the Public Contracts Regulations 2015. Key locations for this contract include properties in the UK and over 280 other global locations, primarily within the MENA region.

This contract presents significant opportunities for businesses specialising in building and facilities management services, financial and insurance services, and real estate services. Mid-size to large firms with capabilities in property valuations, inspections, and rent ceiling assessments will find this tender particularly well-suited to their expertise. The comprehensive scope, including ad-hoc consultancy services, allows for diverse service offerings that could significantly enhance a company’s portfolio and market reach. Colliers International Property Consultants Limited’s involvement underscores the importance of established credentials and sector-specific experience. Businesses aiming to grow within the public sector and international estate management landscape would benefit from engaging in similar large-scale, multi-location projects.

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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.

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

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

Supplier Information

Number of Suppliers
1
Supplier Name

COLLIERS INTERNATIONAL PROPERTY CONSULTANTS

Open Contracting Data Standard (OCDS)

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