← Back to opportunities

FCDO IFRS 16 Lease Management Hub

Foreign Commonwealth and Development Office

Buyer Contact Info

Buyer Name: Foreign Commonwealth and Development Office

Buyer Address: King Charles Street, Westminster, London, SW1A 2AH, England

Contact Email: commercial.corporate@fcdo.gov.uk

Status
complete
Procedure
open
Value
1529668.0 GBP
Published
20 Feb 2025, 16:53
Deadline
24 Jun 2024, 16:00
Contract Start
01 Nov 2024, 00:00
Contract End
31 Oct 2026, 23:59
Category
services
CPV
70000000 - Real estate services
Region
n/a
Awarded To
Deloitte LLP
Official Source
Open Contracts Finder

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 team to make corrections in Planon that arise from reconciliations within the accounting system - the reconciliation work will be undertaken by the FCDO Finance Team.

Linked Documents

Select a document to preview.

Opportunity Context

Raw Notice JSON

Expand raw payload
{
  "awards": [
    {
      "contractPeriod": {
        "endDate": "2026-10-31T23:59:59Z",
        "startDate": "2024-11-01T00:00:00Z"
      },
      "date": "2024-10-29T00:00:00Z",
      "datePublished": "2025-02-20T16:53:19Z",
      "documents": [
        {
          "datePublished": "2025-02-20T16:53:19Z",
          "description": "Awarded contract notice on Contracts Finder",
          "documentType": "awardNotice",
          "format": "text/html",
          "id": "1",
          "language": "en",
          "url": "https://www.contractsfinder.service.gov.uk/Notice/8c2a7c71-1532-49d0-9b50-a87c70d5ffa3"
        },
        {
          "description": "n/a",
          "format": "application/pdf",
          "id": "2",
          "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/d402d967-ed50-41da-b11a-cb8abc0eae77"
        }
      ],
      "id": "ocds-b5fd17-feb4ca6a-2dc2-4ce1-b3ed-9ceffd39f922-1",
      "status": "active",
      "suppliers": [
        {
          "id": "GB-COH-OC303675",
          "name": "Deloitte LLP"
        }
      ],
      "value": {
        "amount": 1529668,
        "currency": "GBP"
      }
    }
  ],
  "buyer": {
    "id": "GB-CFS-264193",
    "name": "Foreign Commonwealth and Development Office"
  },
  "date": "2025-02-20T16:53:19Z",
  "id": "8c2a7c71-1532-49d0-9b50-a87c70d5ffa3-828868",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-b5fd17-feb4ca6a-2dc2-4ce1-b3ed-9ceffd39f922",
  "parties": [
    {
      "address": {
        "countryName": "England",
        "locality": "London",
        "postalCode": "SW1A 2AH",
        "streetAddress": "King Charles Street, Westminster"
      },
      "contactPoint": {
        "email": "commercial.corporate@fcdo.gov.uk"
      },
      "id": "GB-CFS-264193",
      "identifier": {
        "legalName": "Foreign Commonwealth and Development Office"
      },
      "name": "Foreign Commonwealth and Development Office",
      "roles": [
        "buyer"
      ]
    },
    {
      "address": {
        "streetAddress": "1 New Street Square, London, EC4A 3HQ"
      },
      "details": {
        "scale": "large",
        "vcse": false
      },
      "id": "GB-COH-OC303675",
      "identifier": {
        "id": "OC303675",
        "legalName": "Deloitte LLP",
        "scheme": "GB-COH"
      },
      "name": "Deloitte LLP",
      "roles": [
        "supplier"
      ]
    }
  ],
  "tag": [
    "award"
  ],
  "tender": {
    "classification": {
      "description": "Real estate services",
      "id": "70000000",
      "scheme": "CPV"
    },
    "contractPeriod": {
      "endDate": "2026-10-31T23:59:59Z",
      "startDate": "2024-11-01T00:00:00Z"
    },
    "datePublished": "2024-05-24T18:06:37+01:00",
    "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).\r\n\r\nFCDO 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 team to make corrections in Planon that arise from reconciliations within the accounting system - the reconciliation work will be undertaken by the FCDO Finance Team.",
    "id": "tender_429963/1454520",
    "items": [
      {
        "deliveryAddresses": [
          {
            "countryName": "British Oversea Territories"
          },
          {
            "countryName": "Channel Islands"
          },
          {
            "countryName": "Europe"
          },
          {
            "countryName": "Isle of Man"
          },
          {
            "countryName": "Rest of the World"
          },
          {
            "countryName": "United Kingdom"
          }
        ],
        "id": "1"
      }
    ],
    "mainProcurementCategory": "services",
    "procurementMethod": "open",
    "procurementMethodDetails": "Open procedure (above threshold)",
    "status": "complete",
    "suitability": {
      "sme": true,
      "vcse": false
    },
    "tenderPeriod": {
      "endDate": "2024-06-24T17:00:00+01:00"
    },
    "title": "FCDO IFRS 16 Lease Management Hub",
    "value": {
      "amount": 1529668,
      "currency": "GBP"
    }
  }
}