Provision of Global Estate Asset Valuation Services - Middle East and North Africa

Tender description

The FCDO has a financial reporting requirement (IFRS), 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 - Middle East and North Africa. FCDO Commercial wish to understand capacity and interest to deliver Global Asset Valuation Services - MENAD (Middle East and North Africa). The Foreign, Commonwealth & Development Office (FCDO) intend to engage the market in relation to this project as part of early market engagement activity in accordance with Regulation 40 of the Public Contracts Regulations 2015. The purpose of this PIN and Contract Finder Notice is to initiate market engagement and is not being used as a call for competition. The FCDO are seeking to understand the level of interest from the market to deliver this requirement. If you are interested in delivering the service and any potential future market engagement, please email the contact person listed in this notice. Lot 1: The FCDO is the government department responsible for promoting British interests overseas and supporting our citizens and businesses around the globe. 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 of Embassies & High Commissions (anything from stand-alone, freehold building on 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. Thus, 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, inspections and rent ceiling assessments of the FCDO Estate and other Government departments, if required. The purpose of the Global Estate Valuation Services - MENAD contract is to provide valuations, inspections and rent ceiling assessments of the FCDO estate within the Middle East and North Africa (MENAD) region. FCDO wish to understand capacity and interest to deliver Global Estate Valuation Services - MENAD. This notice is being published to advertise a forthcoming procurement opportunity. The procurement is planned to commence in the coming months, with an anticipated award date of June 2024 (subject to change). The anticipated start date for the provision of services is 1st July 2024. It is anticipated that the contract will run for 5 years with the option to extend by up to a further 2 years. The estimated Contract Value is £559,900. Note: the value stated is an estimate at this stage and will be finalized and confirmed within the Contract Notice. The contract terms will be FCDO Standard Terms and Conditions. The requirement will be procured via the Foreign, Commonwealth and Development Office's e-procurement portal: Foreign Commonwealth & Development Office eSourcing Portal (bravosolution.co.uk). 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. The FCDO reserves the right to run further market engagement with suppliers who have expressed an interest in this project. Participation or non-participation in this market engagement exercise shall not prevent any supplier from 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. Additional information: The requirement will be procured via the FCDO's e-procurement portal: bravosolution.co.uk. Suppliers not currently registered on the portal, must self-register on the site to participate. Registration is free and instantaneous. Suppliers already registered on the site will not need to re-register but will need to complete the full suite of documents once issued to be considered for the opportunity