Provision of Global Estate Asset Valuation Services - MENA

Concepts

• facilities management
• real estate
• estate
• impairment valuations
• global estate asset valuation services
• valuations
• estates
• valuation
• mena
• global

Location

United Kingdom:

Description

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.

Total Quantity or Scope

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 £559,900 (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.

Award Detail

Renewal 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.

Award Criteria

CPV Codes

• 79993000 - Building and facilities management services
• 66000000 - Financial and insurance services
• 70000000 - Real estate services
• 70331100 - Institution management services
• 70332000 - Non-residential property services
• 70332200 - Commercial property management services

Indicators

• Options are available.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** In order to have participated and gained access to the Invitation To Tender pack, potential suppliers had to access the FCDO’s e-procurement portal, JAGGAER ONE, available via the below link. URL: https://fcdo.bravosolution.co.uk/web/login.html Once logged in, search for itt_ 6482 Provision of Global Estate Asset Valuation Services - MENA If a potential supplier is not registered on the portal, click the link above (or copy and paste the link into your web browser) to be taken to the home page. Click the “Click here to register!” button, and follow the on-screen instructions to complete registration. Registration takes approximately 5 minutes and is free of charge. Two-Factor Authentication (2FA) Potential suppliers should note that two-factor authentication will be required to access the FCDO’s e-procurement portal, JAGGAER ONE, which requires Google Authenticator to be downloaded onto a mobile device. For more information in relation to two-factor authentication, a guide can be accessed by clicking the link on the home page of the FCDO’s e-procurement portal, JAGGAER ONE.