Contract award · 11 Oct 2024

Provision of Global Estate Asset Valuation Services - MENA

Foreign Commonwealth and Development Office awarded “Provision of Global Estate…” to Colliers International Property Consultants Limited for £560k.

Financial & insurance servicesLondon

Open competition

Open procedure: the contract was advertised and any supplier could submit a bid.

Key facts

Buyer
Foreign Commonwealth and Development Office · Ministry or any other national or federal authority, including their regional or local subdivisions
Value
£559,900
Procedure
Open procedure
Sector
Financial & insurance services · Financial and insurance services (CPV 66000000)
Region
London
Timeline
  1. Contract date11 Oct 2024
  2. Published29 Oct 2024Published 18 days after the contract date

Description

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 o…

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