ITT for the Provision of Global Estate Asset Valuation Services - MENA
ITT for the Provision of Global Estate Asset Valuation Services - MENA
Last update: Oct 30, 2024
Last update: Oct 30, 2024
ITT for the Provision of Global Estate Asset Valuation Services - MENA
Last update: Oct 30, 2024

Details

Location:
Algeria, Bahrain, Egypt, Iran, I ...
Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine / West Bank & Gaza, Qatar, Saudi Arabia, Syria, Tunisia, UAE, Yemen
Contract type:
Consulting services
Status:
Awarded
Sectors:
Financial Services & Audit
Languages:
English
Contracting authority type:
Development Institution
Eligibility:
Organisation
Budget:
GBP 559,900
Date posted:
Jul 18, 2024

Attachments • 2

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Oct 30, 2024

ITT_.. .

Jul 19, 2024

Associated Awards • 1

ITT...
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Project cycle timeline

STAGES
EARLY INTELLIGENCE
PROCUREMENT
IMPLEMENTATION
Cancelled
Status
Programming
Formulation
Approval
Forecast
Open
Closed
Shortlisted
Awarded
Evaluation
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Description

ITT for the Provision of Global Estate Asset Valuation Services - MENA

Open opportunity - This means that the contract is currently active, and the buying department is looking for potential suppliers to fulfil the contract.

Contract summary

Industry

Building and facilities management services 79993000

Location of contract

SW1A 2AH

Value of contract

£559,900

Procurement reference

tender_388393/1375931

Published date

18 July 2024

Closing date

19 August 2024

Closing time

10:00 AM

Contract start date

20 September 2024

Contract end date

20 September 2029

Contract type:

Service contract

Procedure type

Open procedure (below threshold)

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

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 of the FCDO Estate within the Middle East and North Africa (MENA) region and, other Government departments, if required.

The scope of this procurement includes valuation and inspection services of the FCDO Estate. The Successful Supplier will also be required to provide impairment valuations, rent ceiling assessments and ad-hoc consultancy services where requested.

More information

Links

https://fcdo.bravosolution.co.uk

FCDO e-procurement portal

How to Apply

Follow the instructions given in the description or the more information section.

Additional text

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.

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tender Background

About the Funding Agency

DFID - Department for International Development - is a United Kingdom government department responsible for administering overseas aid. The goal of the department is "to promote sustainable development and eliminate world poverty".

DfID's main programme areas of work are Education, Health, Social Services, Water Supply and Sanitation, Government and Civil Society, Environment Protection, Research, and Humanitarian Assistance.

 The Department for International Development has closed. It’s been replaced by the Foreign, Commonwealth & Development Office (FCDO) starting September 2020.

About the Sectors

Financial Services & Audit

Covers financial, banking, insurance, investment, and audit services related to the management, transfer, and oversight of financial resources.


Key areas:
  • Financial services, banking, and insurance
  • Accounting, auditing, and financial reporting
  • Investment, capital markets, and financial inclusion

Locations

Algeria

Algeria has seen a notable uptick in public and private investment, particularly in infrastructure, energy and transport, as part of broader economic transformation efforts. Strategic projects, including major rail corridors, urban mobility, desalination capacity and energy diversification, are underway, supported by increased foreign direct investment and partnerships with development banks. To deepen development impacts, Algeria continues to pursue economic diversification beyond hydrocarbons, improve regulatory and investment frameworks and enhance governance of infrastructure delivery.

Nr. of tenders: 7434
Nr. of grants: 3167
Nr. of donors: 609
Nr. of jobs: 27

Bahrain

Bahrain has invested in transport networks, housing and energy infrastructure to support its financial services and industrial sectors. Regional Gulf financing and public-private partnerships play an important role in infrastructure delivery. Development strategies aim to diversify the economy beyond hydrocarbons and enhance competitiveness. Fiscal consolidation and debt management are ongoing priorities to ensure infrastructure investment remains sustainable.

Nr. of tenders: 3885
Nr. of grants: 1437
Nr. of donors: 324
Nr. of jobs: 22
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