--- title: "Provision of Global Estate Asset Valuation Services for FCDO" ocid: "ocds-h6vhtk-0388e1" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0388e1" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0388e1.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0388e1.json" source: "Find A Tender Service" current_stage: "Award" buyer: "FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE" published: "2023-07-14" --- # Provision of Global Estate Asset Valuation Services for FCDO Buyer: FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE Current stage: Award OCID: ocds-h6vhtk-0388e1 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0388e1) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-0388e1.json) ## Summary The Foreign Commonwealth and Development Office (FCDO) has completed the award process for the provision of Global Estate Asset Valuation Services. The services were divided into three Lots, with contracts issued for Africa, Asia Pacific and South Asia, and Americas regions. The contracts are initially for a 5-year period, with an option to extend for up to 2 more years. Suppliers Knight Frank LLP and Colliers International Property Consultants Limited were awarded contracts, with varying values starting from £780,000. Opportunities for business growth lie in providing Global Estate Asset Valuation Services to the FCDO. Businesses well-suited to compete are those experienced in financial and insurance services, real estate services, and building/facilities management. The procurement process conducted an open procedure under Public Contracts Regulation 2015, with detailed award criteria addressing quality, personnel, stakeholder management, and social value. ## Notice The Foreign, Commonwealth and Development Office (FCDO) is awarding three 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 Lot 2 - Asia Pacifica, South Asia and Afghanistan Lot 3- Americas Each contract will be for an initial 5 year period with an option to extend for up to a further 2 years. ### Lot Information Global Estate Asset Valuation Services - Lot 1 Africa The Foreign, Commonwealth and Development Office (FCDO) intends to contract a supplier for Global Estate Asset Valuation Services in Africa. 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 in Africa. The Successful Supplier will also be required to provide impairment valuations, rent ceiling assessments and ad-hoc consultancy services where requested. Options: The contract is expected to commence 1 June 2023 and will be valid for a period of 5 years with the possibility of an extension for up to 2 more years. The Contracting Authority retains the right and option to alter the geographical region of each Lot 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. Renewal: The contract is expected to commence 1 June 2023 and will be valid for a period of 5 years with the possibility of an extension for up to 2 more years. Global Estate Asset Valuation Services - Lot 2 Asia Pacifica, South Asia and Afghanistan The Foreign, Commonwealth and Development Office (FCDO) intends to contract a supplier for Global Estate Asset Valuation Services in Asia Pacifica, South Asia and Afghanistan. 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 in Asia Pacifica, South Asia and Afghanistan. The Successful Supplier will also be required to provide impairment valuations, rent ceiling assessments and ad-hoc consultancy services where requested. Options: The contract is expected to commence 1 June 2023 and will be valid for a period of 5 years with the option of an extension for up to 2 more years. The Contracting Authority retains the right and option to alter the geographical region of each Lot 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. Renewal: The contract is expected to commence 1 June 2023 and will be valid for a period of 5 years with the option of an extension for up to 2 more years. Global Estate Asset Valuation Services - Lot 3 Americas The Foreign, Commonwealth and Development Office (FCDO) intends to contract a supplier for Global Estate Asset Valuation Services in the Americas. 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 in the Americas. The Successful Supplier will also be required to provide impairment valuations, rent ceiling assessments and ad-hoc consultancy services where requested. Options: The contract is expected to commence 1 June 2023 and will be valid for a period of 5 years with the option of an extension for up to 2 more years. The Contracting Authority retains the right and option to alter the geographical region of each Lot 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. Renewal: The contract is expected to commence 1 June 2023 and will be valid for a period of 5 years with the option of an extension for up to 2 more years. Global Estate Asset Valuation Services - Lot 1 Africa The Foreign, Commonwealth and Development Office (FCDO) intends to contract a supplier for Global Estate Asset Valuation Services in Africa. 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 in Africa. The Successful Supplier will also be required to provide impairment valuations, rent ceiling assessments and ad-hoc consultancy services where requested. Options: The contract will commence 15 June 2023 and will be valid for a period of 5 years with the possibility of an extension for up to 2 more years. The Contracting Authority retains the right and option to alter the geographical region of each Lot 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. Global Estate Asset Valuation Services - Lot 2 Asia Pacific and South Asia and Afghanistan The Foreign, Commonwealth and Development Office (FCDO) intends to contract a supplier for Global Estate Asset Valuation Services in Asia Pacifica, South Asia and Afghanistan. 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 in Asia Pacifica, South Asia and Afghanistan. The Successful Supplier will also be required to provide impairment valuations, rent ceiling assessments and ad-hoc consultancy services where requested. Options: The contract will commence 7th July 2023 and will be valid for a period of 5 years with the possibility of an extension for up to 2 more years. The Contracting Authority retains the right and option to alter the geographical region of each Lot 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. Global Estate Asset Valuation Services - Lot 3 Americas The Foreign, Commonwealth and Development Office (FCDO) intends to contract a supplier for Global Estate Asset Valuation Services in the Americas. 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 in the Americas. The Successful Supplier will also be required to provide impairment valuations, rent ceiling assessments and ad-hoc consultancy services where requested. Options: The contract will commence 15 June 2023 and will be valid for a period of 5 years with the possibility of an extension for up to 2 more years. The Contracting Authority retains the right and option to alter the geographical region of each Lot 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. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/020402-2023 | | 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 | | All stages | Planning, Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 14 Jul 2023 | | Submission deadline | 13 Mar 2023 | | Future notice date | 1 Feb 2023 | | Award date | 14 Jun 2023 | | Contract period | 31 May 2023 - 31 May 2028 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £3,319,000 | | Lots value | £3,319,000 | | Awards value | Not specified | | Contracts value | £3,319,000 | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Active, Cancelled | | Awards status | Active | | Contracts status | Active | ## 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 - 70331000 - Residential property 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 - 14 Jul 2023 at 16:59 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/020402-2023 - 10 Feb 2023 at 14:34 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/004208-2023 - 28 Nov 2022 at 16:11 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/033688-2022 ## Notice URLs - http://www.gov.uk/fcdo/ - https://fcdo.bravosolution.co.uk - https://fcdo.bravosolution.co.uk/ - https://www.gov.uk/government/organisations/foreign-commonwealth-development-office ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. 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