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Official procurement procedure

IFRS 16 Lease Management Hub

Real estate services
UK
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Foreign Commonwealth and Development Office: "IFRS 16 Lease Management Hub". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityForeign Commonwealth and Development OfficeScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Foreign Commonwealth and Development Office
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Foreign Commonwealth and Development Office. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
4.6Bids / Report
16.7% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 298 active published awards; 275 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityForeign Commonwealth and Development Office
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published20 Feb 2025, 16:51 GMT
Last source update20 Feb 2025, 16:51 GMT
Recurring procurementNot published
ClassificationReal estate services
Delivery area
UK
OCIDocds-h6vhtk-044dd7
What is being bought
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).
What changed
From the official release history
  1. tender value changed
    20 Feb 2025, 16:51 GMT
  2. Status changed to complete
    20 Feb 2025, 16:51 GMT
  3. Official notice release published
    20 Feb 2025, 16:51 GMT
  4. Submission deadline changed to published date
    20 Feb 2025, 16:51 GMT
  5. Published value updated to £4,250,000
    24 May 2024, 18:01 BST
  6. Status changed to active
    24 May 2024, 18:01 BST
  7. Official notice release published
    24 May 2024, 18:01 BST
  8. Submission deadline changed to 24 Jun 2024, 17:00 BST
    24 May 2024, 18:01 BST
  9. Published value updated to £4,900,000
    27 Mar 2024, 17:46 GMT
  10. Status changed to planned
    27 Mar 2024, 17:46 GMT
  11. Official notice release published
    27 Mar 2024, 17:46 GMT
  12. Buyer information updated
    27 Mar 2024, 17:46 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    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). 3.3 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 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 our IWMS that arise from reconciliations within the accounting system – the reconciliation work will be undertaken by the FCDO Finance Team.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    20 Feb 2025, 16:51 GMT
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 29 Oct 2024, 00:00 GMT · £1,529,668
Commercial outcome and competition
Awards
Deloitte LLP
Not published · Not published · active
Contracts
Contract
£1,529,668 · signed 29 Oct 2024, 00:00 GMT · active
Bid statistics
bids: 9 (lot 1)
Buyer and organisations in this procedure

Foreign Commonwealth and Development Office

Contracting authority GB-FTS-131
View buyer profile

  • Foreign Commonwealth and Development Office
    buyer

    King Charles Street, London, UK, SW1A 2AH
    cpg.enquiries@fcdo.gov.uk

  • Deloitte LLP
    supplier

    London, UK

  • Foreign Commonwealth and Development Office
    reviewBody

    LONDON
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
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No related procedures published