---
title: "Provision of Global Estate Asset Valuation Services - MENA"
ocid: "ocds-h6vhtk-0449cd"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0449cd"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0449cd.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0449cd.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE"
published: "2024-10-29"
---

# Provision of Global Estate Asset Valuation Services - MENA

Buyer: FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE  
Current stage: Award  
OCID: ocds-h6vhtk-0449cd

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## Summary

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.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/035089-2024 |
| 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 | 29 Oct 2024 |
| Submission deadline | 19 Aug 2024 |
| Future notice date | 11 Apr 2024 |
| Award date | 10 Oct 2024 |
| Contract period | 19 Sep 2024 - 19 Sep 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £559,900 |
| Lots value | £559,900 |
| Awards value | Not specified |
| Contracts value | £559,900 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | 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 | 1 |
| Supplier names | COLLIERS INTERNATIONAL PROPERTY CONSULTANTS |

## 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
- 70332200 - Commercial property management services
- 79993000 - Building and facilities management services

## Release History

- 29 Oct 2024 at 17:05 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/035089-2024
- 18 Jul 2024 at 10:25 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/022233-2024
- 18 Mar 2024 at 12:01 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/008627-2024

## Notice URLs

- https://fcdo.bravosolution.co.uk
- https://fcdo.bravosolution.co.uk/
- https://fcdo.bravosolution.co.uk/web/login.html
- https://www.cedr.com/
- 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. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0449cd. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0449cd.json.