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Official procurement procedure

Provision of Global Estate Asset Valuation Services for FCDO

Financial and insurance services
UK
Published value
Not published
Submission deadline Not published
Lots published3
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Foreign Commonwealth and Development Office: "Provision of Global Estate Asset Valuation Services for FCDO". Published status: complete. Published value: Value not published. 3 published lots. 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 Unpublished data stays unknown.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
Published14 Jul 2023, 17:59 BST
Last source update14 Jul 2023, 17:59 BST
Recurring procurementNot published
ClassificationFinancial and insurance services
Delivery area
UK
OCIDocds-h6vhtk-0388e1
What is being bought
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.
What changed
From the official release history
  1. tender value changed
    14 Jul 2023, 17:59 BST
  2. Status changed to complete
    14 Jul 2023, 17:59 BST
  3. Official notice release published
    14 Jul 2023, 17:59 BST
  4. Submission deadline changed to published date
    14 Jul 2023, 17:59 BST
  5. Published value updated to £3,319,000
    10 Feb 2023, 14:34 GMT
  6. Status changed to active
    10 Feb 2023, 14:34 GMT
  7. Official notice release published
    10 Feb 2023, 14:34 GMT
  8. Submission deadline changed to 13 Mar 2023, 17:00 GMT
    10 Feb 2023, 14:34 GMT
  9. Published value updated to £2,500,000
    28 Nov 2022, 16:11 GMT
  10. Status changed to planned
    28 Nov 2022, 16:11 GMT
  11. Official notice release published
    28 Nov 2022, 16:11 GMT
  12. Buyer information updated
    28 Nov 2022, 16:11 GMT
Lots and requirements (3)
Published by the contracting authority
  • Lot 1 · #Lot 1
    Global Estate Asset Valuation Services - Lot 1 Africa
    cancelled
    Published valueNot published
    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.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
  • Lot 2 · #Lot 2
    Global Estate Asset Valuation Services – Lot 2 Asia Pacific and South Asia and Afghanistan
    cancelled
    Published valueNot published
    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.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
  • Lot 3 · #Lot 3
    Global Estate Asset Valuation Services – Lot 3 Americas
    cancelled
    Published valueNot published
    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.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    14 Jul 2023, 17:59 BST
  2. Award active
    Not published · Not published
  3. Award active
    Not published · Not published
  4. Award active
    Not published · Not published
  5. Contract active
    Signed 4 Jul 2023, 00:00 BST · £1,359,000
  6. Contract active
    Signed 15 Jun 2023, 00:00 BST · £780,000
  7. Contract active
    Signed 15 Jun 2023, 00:00 BST · £1,180,000
Commercial outcome and competition
Awards
Knight Frank LLP
Not published · Not published · active
Knight Frank LLP
Not published · Not published · active
Colliers International Property Consultants Limited
Not published · Not published · active
Contracts
Global Estate Asset Valuation Services – Lot 2 Asia Pacific and South Asia and Afghanistan
£1,359,000 · signed 4 Jul 2023, 00:00 BST · active
Global Estate Asset Valuation Services - Lot 1 Africa
£780,000 · signed 15 Jun 2023, 00:00 BST · active
Global Estate Asset Valuation Services – Lot 3 Americas
£1,180,000 · signed 15 Jun 2023, 00:00 BST · active
Bid statistics
bids: 2 (lot Lot 1)
bids: 4 (lot Lot 2)
bids: 1 (lot Lot 3)
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
    mediationBody

    King Charles Street, London, UK, SW1A 2AH
    mollie.giuffrida@fcdo.gov.uk

  • Colliers International Property Consultants Limited
    supplier

    London, UKI

  • Foreign Commonwealth and Development Office
    reviewBody
    reviewContactPoint

    London

  • Knight Frank LLP
    supplier

    London, UKI
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