Global Estate Asset Valuation Services

Award outcome

Description

The FCDO has a financial reporting requirement (IRFS), supported by HM Treasury Government Financial Reporting Manual, to revalue Estate assets to ensure they well managed, correctly recorded and accurately valued in the annual accounts. FCDO Commercial is looking to put in place a commercial agreement to deliver valuations, inspection and rent ceiling assessments of the Global FCDO Estate. Services are currently delivered via a Global Estate Valuation multi-lot framework, lotted by geographic region to deliver valuation and inspection services: Lot 1 - Africa  Lot 2 - Middle East and North Africa  Lot 3 - Europe, Eastern Europe and Central Asia and UK  Lot 4 - Asia Pacific and South Asia and Afghanistan  Lot 5 - Americas  FCDO Commercial is seeking feedback from the market on our procurement approach and wish to understand capacity and interest to deliver a Global Asset Valuation Framework. This notice is being published to advertise a forthcoming market engagement event, which will be held in December (anticipated date 8th December 2022). The procurement is planned to commence in the coming months, with an anticipated award date of April 2023 (subject to change). The requirement will be procured via the Foreign, Commonwealth and Development Office's e-procurement portal: https://fcdo.bravosolution.co.uk. Suppliers, not currently registered on the portal, who are interested in being considered for this opportunity must self-register on the site in order to participate - registration is free and instantaneous. Suppliers already registered on FCDO/Jaggaer will not need to re-register, but will need to complete the full suite of tender documents once issued to be considered for the opportunity. The contracting authority will consider the feedback received to help inform its procurement approach and further decision making. For the avoidance of doubt, this phase of the project is not part of a formal procurement process and the contracting authority is not committing, at this stage, to carrying out such a process. The FCDO reserves the right to change the process at any stage and to undertake this procurement using alternative routes. Participation or non-participation in this market engagement exercise shall not prevent any supplier participating in a potential future procurement, nor is it intended that any information supplied as part of this exercise shall place any supplier at an advantage in a potential procurement process. No formal assessment of capability or down selection of bidders will be carried out in relation to any responses received as a result of this. Suppliers wishing to attend the forthcoming market engagement events should register their interest by completing the registration form (https://bit.ly/3Ogcx02). Estimated Contract Value: 2,500,000 GBP. Note that the value range stated is an estimate at this stage and will be finalised following further analysis and confirmed within the Contract Notice. Additional information: FCDO Commercial is seeking feedback from the market on our procurement approach and wish to understand capacity and interest to deliver a Global Asset Valuation Framework. This notice is being published to advertise a forthcoming market engagement event, which will be held in December (anticipated date 8th December 2022).

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