Awarded contract

Awarded Contract for the Provision of Antiques and Works of Art Valuation Services

Details

Supplier(s)
Golding Young & Mawer
Value
£130,548
Duration
4 years
Topic
Financial and insurance services
Published
10 April 2024

Tender description

The Foreign Commonwealth & Development Office (FCDO) issued an invitation to tender to the open market for the provision of antiques and works of art valuation services across the entire FCDO global estate. The services includes establishing and completing a global valuation programme which delivers to the FCDO's financial reporting requirement (IFRS), that requires that antiques and works of art (AWA) within the FCDO estate are well managed, correctly recorded and accurately valued in annual accounts. The scope of services included valuating 16 Overseas posts AWA collections. The collections include but are not limited to, such items as Furniture, Carpets, Chandeliers, Silverware, Glassware, China, Tapestries, Sculptures, Decorative arts & Paintings. Tenders were sought from the open market who were capable of carrying out the services. Following the submissions of ITTs and evaluation based on the Most Economically Advantageous Tender, Golding, Young and Mawer were appointed as the Successful Supplier.

Timeline

  1. Completed: Award date8 April 2024
  2. Completed: Award published10 April 2024
    Current notice
  3. Next: Contract expiry date8 April 2028in 18 months

About the buyer

The Foreign, Commonwealth and Development Office is a ministerial department that buys through its own Commercial Directorate. Every procurement runs on Jaggaer, the department's eSourcing portal, where suppliers register to bid. Opportunities and awards are published on Contracts Finder, and bids above threshold need Central Digital Platform registration. A commercial pipeline is updated every quarter. Four category teams cover programme delivery, estates and security, digital and technology, and corporate services. The department runs its own frameworks, such as the Global Development Delivery Framework, and dynamic purchasing systems for construction and global facilities management.

Procurement spend from central entities makes up 66% of overall UK public spend.

Over the past 5 years, most of the Foreign, Commonwealth and Development Office's contract awards have been in business services, transport equipment and construction work.

Relevant CPV codes

  • 66000000 · Financial and insurance services

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