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
- Supplier
- Deloitte LLP
- Value
- £1,529,668
- Procedure
- Open procedure (above threshold)
- Sector
- Real estate services · Real estate services (CPV 70000000)
- Region
- London
- Official notice
- View on Contracts Finder
- Timeline
-
- Contract date29 Oct 2024
- Published20 Feb 2025Published 114 days after the contract date
Description
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). 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 (Planon) 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 tea…
About the supplier
Deloitte LLP: every public contract they have won, plus their Companies House record (company OC303675).