Provision of Antiques and Works of Art Valuation Services for FCDO

Descriptions

In the course of time certain FCDO properties have accrued items amongst the contents that may be considered to be antiques and works of art (AWA). The FCDO has a financial reporting requirement (IFRS) to ensure such items are well managed, correctly recorded and accurately valued in our annual accounts. The majority of the FCDO's AWA collection is located at overseas posts. Each financial year posts are required to perform an inventory check of all their AWA. 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 of AWA at locations across the FCDO estate which house some of our more valuable collections. The objectives of this upcoming procurement are: 1. Establish a global antiques and valuation programme with an experienced partner which delivers on financial reporting commitments and represents good value for money 2. Ensure that the overall AWA valuation remains accurate and that any unknown and missing antiques are identified and incorporated into accounts. 3. Inform our approach to prioritizing any maintenance requirements. The Scope of Services will include: This FCDO requires the services of skilled and experienced valuers of furniture, carpets, and architectural fittings such as but not limited to chandeliers, silverware, glassware and china, tapestries, sculptures, decorative arts and paintings owned by the FCDO. The Successful Supplier will be required to deliver the following: - Valuations following inspection of antiques and works of art located at both overseas and home estates in accordance with RICS "Red Book" - Market Value and Insurance Value methodology. - Provide electronic valuation based on the inventory in line with an agreed programme - Provide advice to FCDO and answer queries on the valuations provided posed by FCDO auditors The Successful Supplier will be required to deliver a valuation programme which covers 16 posts worldwide. At least one post will need to be visited and antiques and works of arts valued prior to 31st March 2024. The Contract is anticipated to commence on 15th June 2024. Tenderers will be required to submit a programme to deliver the requirement. The programme must be completed within 3 years however can be completed sooner. The Contract will remain open for one year following delivery end date to allow for FCDO and auditor queries to be addressed. The procurement is planned to commence in the coming weeks, with an anticipated ITT publication on 4th December. The anticipated tender close date will be 5th January 2024 with a Contract Award date of 8th February 2024. The FCDO are seeking to understand the level of interest from the market to deliver this requirement and feedback on matters included in Annex A to this Contract Finder Notice. If you are interested in delivering the services, please email Corrine.Collins@fcdo.gov.uk with Annex A completed.