---
title: "FCDO IFRS 16 Lease Management Hub"
ocid: "ocds-b5fd17-feb4ca6a-2dc2-4ce1-b3ed-9ceffd39f922"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-feb4ca6a-2dc2-4ce1-b3ed-9ceffd39f922"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-feb4ca6a-2dc2-4ce1-b3ed-9ceffd39f922.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-feb4ca6a-2dc2-4ce1-b3ed-9ceffd39f922.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE"
published: "2025-02-20"
---

# FCDO IFRS 16 Lease Management Hub

Buyer: FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE  
Current stage: Award  
OCID: ocds-b5fd17-feb4ca6a-2dc2-4ce1-b3ed-9ceffd39f922

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## Summary

The Foreign Commonwealth and Development Office (FCDO) has initiated an award for a public procurement process to establish a centralised lease management hub, in adherence to the new IFRS 16 accounting standards. The contract, valued at £1,529,668, has been awarded to Deloitte LLP. This project will centralise all lease data inputting to the IWMS system (Planon) to improve accuracy and comply with government property standards. The awarded contract spans from 1st November 2024 to 31st October 2026, covering various regions, including the British Overseas Territories, Channel Islands, Europe, Isle of Man, Rest of the World, and the United Kingdom. The procurement method employed was an open procedure above the threshold, indicating a transparent and competitive process.

This tender creates substantial business growth opportunities, particularly for businesses proficient in real estate services who can provide meticulous data input and management services. SMEs are encouraged to participate, as indicated by their suitability criteria, enhancing diversity and competition in the market. Businesses adept at handling complex lease events and compliance with the IFRS 16 standards would find this contract particularly beneficial. The centralisation of FCDO’s lease data management presents a lucrative opportunity for enterprises specialising in data analytics, financial reporting, and real estate management services.

## Notice

The adoption by FCDO of a new accounting standard (International Financial reporting Standard [IFRS] 16), now demands a level of rigour and accuracy in accounting for FCDO leases. It is proposed to centralise all lease data inputting into a hub to improve accuracy. To do this FCDO is seeking to set up an (initially) outsourced, lease management hub to process all FCDO lease events (new leases, lease extensions, rent reviews and lease terminations). FCDO is now creating centralised lease management service to proactively identify upcoming lease events for properties overseas, and to retrieve the details of those events with supporting documentation, and for a dedicated team of lease managers to enter that data into the IWMS system (Planon) and then quality assure and approve that data in the system. This will improve the accuracy of the accounting outputs and also assist FCDO to comply with cross government property standards (GOVS_004). The service will also work with FCDO Finance team to make corrections in Planon that arise from reconciliations within the accounting system - the reconciliation work will be undertaken by the FCDO Finance Team.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/8c2a7c71-1532-49d0-9b50-a87c70d5ffa3 |
| 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 | 20 Feb 2025 |
| Submission deadline | 24 Jun 2024 |
| Future notice date | 9 Apr 2024 |
| Award date | 29 Oct 2024 |
| Contract period | 1 Nov 2024 - 31 Oct 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,529,668 |
| Lots value | Not specified |
| Awards value | £1,529,668 |
| 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 | 1 |
| Supplier names | DELOITTE |

## CPV Codes

### Divisions

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

### Codes

- 70000000 - Real estate services
- 79900000 - Miscellaneous business and business-related services

## Release History

- 20 Feb 2025 at 16:53 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/8c2a7c71-1532-49d0-9b50-a87c70d5ffa3
- 24 May 2024 at 17:06 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/dd135bd1-c40c-47e3-8518-2cebecbf2edf
- 2 Apr 2024 at 13:36 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/6c6ef110-a9a8-432f-a1c0-d4292e5cccc4

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/8c2a7c71-1532-49d0-9b50-a87c70d5ffa3
  20th February 2025 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/dd135bd1-c40c-47e3-8518-2cebecbf2edf
  24th May 2024 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/6c6ef110-a9a8-432f-a1c0-d4292e5cccc4
  2nd April 2024 - Early engagement notice on Contracts Finder
- https://forms.office.com/e/YJj51eaPmy
  Please complete this form to submit your interest in attending our early market engagement session (EME). All responses must be submitted by 17:00 UK time on the 9th April 2024.
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/d402d967-ed50-41da-b11a-cb8abc0eae77
  n/a

## 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-feb4ca6a-2dc2-4ce1-b3ed-9ceffd39f922. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-feb4ca6a-2dc2-4ce1-b3ed-9ceffd39f922.json.