---
title: "Global Estate Asset Valuation Services for FCDO"
ocid: "ocds-b5fd17-b23c009e-0d43-47d0-8c84-705269e14940"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-b23c009e-0d43-47d0-8c84-705269e14940"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-b23c009e-0d43-47d0-8c84-705269e14940.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-b23c009e-0d43-47d0-8c84-705269e14940.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE"
published: "2023-07-17"
---

# Global Estate Asset Valuation Services for FCDO

Buyer: FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE  
Current stage: Award  
OCID: ocds-b5fd17-b23c009e-0d43-47d0-8c84-705269e14940

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## Summary

The Foreign, Commonwealth and Development Office (FCDO) is currently in the award stage of a multi-lot procurement process for Global Estate Asset Valuation Services. The contracts have been awarded for three lots covering different geographical regions, with each contract initially lasting for 5 years and with the option to extend for up to 2 more years. The FCDO has estate property worldwide and requires valuations to meet financial reporting requirements (IFRS). The awarded contracts were announced on specific dates in June and July 2023.

This tender for Global Estate Asset Valuation Services provides business growth opportunities for valuation and inspection services providers. The FCDO is looking for suppliers to support its financial reporting requirements across its estate properties globally. Businesses well-suited to compete are those experienced in property valuation and inspection services, with the capability to work in diverse geographical regions. The FCDO is operating in over 280 locations, providing a broad scope for potential business engagements over the contract period.

## Notice

The Foreign, Commonwealth and Development Office (FCDO) is awarding 3 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 (PS780,000). This Lot was awarded to Knight Frank LLP on 15th June 2023. Lot 2 - Asia Pacifica, South Asia and Afghanistan (PS1,359,000). This Lot was awarded to Colliers International Property Consultants Limited on 4th July 2023. Lot 3- Americas (PS1,180,000). This Lot was awarded to Knight Frank LLP on 15th June 2023. Each contract will be for an initial 5 year period with an option to extend for up to a further 2 years. The contract term for each lot will be as follows: Lot 1: 15th June 2023 - 14th June 2028 with the option to extend for up to 2 more years. Lot 2: 7th July 2023 - 6th July 2028 with the option to extend for up to 2 more years. Lot 3: 15th June 2023 - 14th June 2028 with the option to extend for up to 2 more years. 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. The Successful Supplier will also be required to provide impairment valuations, rent ceiling assessments and ad-hoc consultancy services where requested. Additional information: The requirement was procured via the Foreign, Commonwealth and Development Office's e-procurement portal: https://fcdo.bravosolution.co.uk.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/89e42b94-73b9-43ee-8da9-9eff769e9a11 |
| 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 |
| All stages | Planning, Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 17 Jul 2023 |
| Submission deadline | 22 Mar 2023 |
| Future notice date | 8 Dec 2022 |
| Award date | 14 Jun 2023 |
| Contract period | 14 Jun 2023 - 14 Jun 2028 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £3,319,000 |
| Lots value | Not specified |
| Awards value | £3,319,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| 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 |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 2 |
| Supplier names | COLLIERS INTERNATIONAL PROPERTY CONSULTANTS; KNIGHT FRANK |

## CPV Codes

### Divisions

- 66 - Financial and insurance services
- 70 - Real estate services
- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 66000000 - Financial and insurance services
- 70000000 - Real estate 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

## Release History

- 17 Jul 2023 at 09:12 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/89e42b94-73b9-43ee-8da9-9eff769e9a11
- 10 Feb 2023 at 14:42 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/423a845e-a6c6-442c-a54b-3c9d85acfe62
- 28 Nov 2022 at 16:21 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/3a3b4d4b-49fa-4f04-8bc2-dfd0635fe0a3

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/89e42b94-73b9-43ee-8da9-9eff769e9a11
  17th July 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/423a845e-a6c6-442c-a54b-3c9d85acfe62
  10th February 2023 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/3a3b4d4b-49fa-4f04-8bc2-dfd0635fe0a3
  28th November 2022 - Early engagement notice on Contracts Finder
- http://?https://fcdo.bravosolution.co.uk
  The requirement will be procured via the Foreign, Commonwealth and Development Office's e-procurement portal: https://fcdo.bravosolution.co.uk.

## Notice URLs

- http://www.gov.uk/fcdo/
- https://fcdo.bravosolution.co.uk

## 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-b23c009e-0d43-47d0-8c84-705269e14940. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-b23c009e-0d43-47d0-8c84-705269e14940.json.