Published date: 10 February 2023

This notice was replaced on 17 July 2023

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 17 July 2023)

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Contract summary

Industry

  • Financial and insurance services - 66000000

  • Real estate services - 70000000

  • Institution management services - 70331100

    • Non-residential property services - 70332000

    • Land management services - 70332100

    • Commercial property management services - 70332200

    • Building and facilities management services - 79993000

Location of contract

Any region

Value of contract

£3,319,000

Procurement reference

tender_340135/1178203

Published date

10 February 2023

Closing date

13 March 2023

Closing time

5pm

Contract start date

1 June 2023

Contract end date

31 May 2028

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The Foreign, Commonwealth and Development Office (FCDO) is tendering 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 (£780,000)
Lot 2 - Asia Pacifica, South Asia and Afghanistan (£1,359,000)
Lot 3- Americas (£1,180,000)

Each contract will be for an initial 5 year period with an option to extend for up to a further 2 years.

The Foreign, Commonwealth and Development Office (FCDO) intends to contract supplier(s) for Global Estate Asset Valuation Services.

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.

More information

Previous notice about this procurement

Global Estate Asset Valuation Services

  • Early engagement
  • Published 28 November 2022

Links

Additional text

The requirement will be procured via the Foreign, Commonwealth and Development Office's e-procurement portal: https://fcdo.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 in order to participate - registration is free and instantaneous. Suppliers already registered on FCDO/Jaggaer 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

About the buyer

Address

King Charles Street
London
SW1A 2AH
England

Email

mollie.giuffrida@fcdo.gov.uk

Website

www.gov.uk/fcdo/