Global Estate Asset Valuation Services

Tender description

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 objectives of this contract are to: Appoint international surveying firms of Registered Valuers who are competent to - Inspect and Value the FCDO Estate (and other Government departments, if required), for inclusion in Financial Accounts and strategic planning in accordance with the RICS “Red Book”, Rent Ceilings are also required Put in place commercial agreements with trusted supplier(s) to respond to auditor scrutiny The FCDO are running a multi-lot procurement to deliver services globally. 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