--- title: "Provision of Global Estate Asset Valuation Services - Middle East and North Africa" ocid: "ocds-b5fd17-5dc37376-abf8-4718-a92d-002f8dc53d86" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-5dc37376-abf8-4718-a92d-002f8dc53d86" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-5dc37376-abf8-4718-a92d-002f8dc53d86.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-5dc37376-abf8-4718-a92d-002f8dc53d86.json" source: "Contracts Finder" current_stage: "Planning" buyer: "FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE" published: "2024-03-18" --- # Provision of Global Estate Asset Valuation Services - Middle East and North Africa Buyer: FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE Current stage: Planning OCID: ocds-b5fd17-5dc37376-abf8-4718-a92d-002f8dc53d86 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-5dc37376-abf8-4718-a92d-002f8dc53d86) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-5dc37376-abf8-4718-a92d-002f8dc53d86.json) ## Summary The Foreign Commonwealth and Development Office is planning a tender for the "Provision of Global Estate Asset Valuation Services - Middle East and North Africa" in the financial and insurance services industry category. The procurement process is in the planning stage, with an anticipated award date in June 2024. The tender, valued at £559,900, aims to provide valuations, inspections, and rent ceiling assessments for its estate in the MENAD region. The contract is set to start on 1st July 2024 and may run for 5 years, with a possible extension of up to 2 years. Interested businesses, particularly those offering valuation services, should monitor the FCDO e-procurement portal for further updates. This opportunity presented by the FCDO can benefit businesses specializing in asset valuation services, especially those with experience in estate valuations within the Middle East and North Africa region. Companies seeking to grow their business through government contracts in the financial and insurance services sector should consider participating in this tender. The FCDO's requirement for valuations, inspections, and rent ceiling assessments offers a potential long-term contract with the opportunity for extension, providing a stable source of revenue for successful bidders over the contract period. Businesses looking to expand their operations and establish partnerships in the MENAD region should actively engage with this procurement process. ## Notice The FCDO is the government department responsible for promoting British interests overseas and supporting our citizens and businesses around the globe. 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 of Embassies & High Commissions (anything from stand-alone, freehold building on 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. Thus, 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, inspections and rent ceiling assessments of the FCDO Estate and other Government departments, if required. The purpose of the Global Estate Valuation Services - MENAD contract is to provide valuations, inspections and rent ceiling assessments of the FCDO estate within the Middle East and North Africa (MENAD) region. FCDO wish to understand capacity and interest to deliver Global Estate Valuation Services - MENAD. This notice is being published to advertise a forthcoming procurement opportunity. The procurement is planned to commence in the coming months, with an anticipated award date of June 2024 (subject to change). The anticipated start date for the provision of services is 1st July 2024. It is anticipated that the contract will run for 5 years with the option to extend by up to a further 2 years. The estimated Contract Value is PS559,900. Note: the value stated is an estimate at this stage and will be finalized and confirmed within the Contract Notice. The contract terms will be FCDO Standard Terms and Conditions. The requirement will be procured via the Foreign, Commonwealth and Development Office's e-procurement portal: Foreign Commonwealth & Development Office eSourcing Portal (bravosolution.co.uk). Additional information: The FCDO reserves the right to run further market engagement with suppliers who have expressed an interest in this project. Participation or non-participation in this market engagement exercise shall not prevent any supplier from participating in a potential future procurement, nor is it intended that any information supplied as part of this exercise shall place any supplier at an advantage in a potential procurement process. No formal assessment of capability or down selection of bidders will be carried out in relation to any responses received. The requirement will be procured via the Foreign, Commonwealth and Development Office's e-procurement portal: Foreign Commonwealth & Development Office eSourcing Portal (bravosolution.co.uk). Suppliers not currently registered on the portal, who are interested in being considered for this opportunity must self-register on the site to participate. Registration is free and instantaneous. Suppliers already registered on the site will not need to re-register but will need to complete the full suite of tender documents once issued to be considered for the opportunity. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/f400b19b-0d25-4a31-9c61-ee2a70b3f36a | | Notice type | Planned Procurement Notice | | Procurement type | Standard | | Procurement category | Not specified | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 18 Mar 2024 | | Submission deadline | Not specified | | Future notice date | 12 Apr 2024 | | Award date | Not specified | | Contract period | 30 Jun 2024 - 1 Jul 2029 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £559,900 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planned | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE | | Locality | LONDON | | Post town | South West London | | Postcode | SW1A 2AH | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI35 Westminster and City of London | | Local authority | Westminster | | Electoral ward | St James's | | Westminster constituency | Cities of London and Westminster | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66000000 - Financial and insurance services ## Release History - 18 Mar 2024 at 12:06 - Planning - Planned Procurement Notice - https://www.contractsfinder.service.gov.uk/Notice/f400b19b-0d25-4a31-9c61-ee2a70b3f36a ## Documents - https://www.contractsfinder.service.gov.uk/Notice/f400b19b-0d25-4a31-9c61-ee2a70b3f36a 18th March 2024 - Future opportunity notice on Contracts Finder - https://fcdo.bravosolution.co.uk/ Additional Info and Access to eprocurement portal ## Notice URLs - http://www.gov.uk/fcdo/ ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-5dc37376-abf8-4718-a92d-002f8dc53d86. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-5dc37376-abf8-4718-a92d-002f8dc53d86.json.