Source: https://tendernation.io/opportunities/01a13d15-7d15-72ba-a312-d45ee439b2d1/fcdo-ifrs-16-lease-management-hub awarded GB open procedure Suitable for SMEs # FCDO IFRS 16 Lease Management Hub [Foreign Commonwealth and Development Office](https://tendernation.io/buyers/foreign-commonwealth-and-development-office) Estimated value £1,529,668 Published 24 May 2024 Deadline Closed 24 Jun 2024 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender 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. ## CPV classification Real estate services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/feb4ca6a-2dc2-4ce1-b3ed-9ceffd39f922) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. [Track tenders free](https://tendernation.io/register) [Buyer profile Foreign Commonwealth and Development Office: past awards and live tenders](https://tendernation.io/buyers/foreign-commonwealth-and-development-office) [Sector More Real estate services tenders](https://tendernation.io/sectors/real-estate-services) ## More tenders like this [Housing Site Identification, Landowner Engagement and Consultancy Services. · Chelmsford City Council · 28 days left · 16 Nov 2026](https://tendernation.io/opportunities/01a15408-95e0-7222-9afc-7a4eb92afb30/housing-site-identification-landowner-engagement-and-consultancy-services) [Real estate services – Wykonanie operatów szacunkowych dla nieruchomości gruntowych na potrzeby postępowań administracyjnych prowadzonych w celu ustalenia wysokości odszkodowań za grunty pod drogi publiczne lub pod linie kolejowe (umowa ramowa) · Miasto Stołeczne Warszawa · 29 days left · 17 Nov 2026](https://tendernation.io/opportunities/01a15183-66ca-72bb-94ae-d4e2c91a76e2/poland-real-estate-services-wykonanie-operatow-szacunkowych-dla-nieruchomosc) [Development services of real estate – Sélection d'un projet pour la réalisation d'environ 56 logements collectifs à Epinay-sur-Seine (93) sous la forme d'un Contrat de Promotion Immobilière (CPI) · Foncière Logement (75) · 29 days left · 17 Nov 2026](https://tendernation.io/opportunities/01a15183-6a54-7019-9b5a-ddee0b07934a/france-development-services-of-real-estate-selection-dun-projet-pour-la-rea) [Property management services of real estate on a fee or contract basis – Ventilatsiooni- ja kliimasüsteemide tehnohooldusteenuse raamhange 2026 · Tallinna Linnavaraamet · 14 days left · 2 Nov 2026](https://tendernation.io/opportunities/01a15183-7240-714e-932c-f7c62d4db452/estonia-property-management-services-of-real-estate-on-a-fee-or-contract-basis) [Non-residential property services – Tehnohooldusteenuse tellimine Läänemaa objektidele (2027 ) tavatehnohooldus · Riigi Kinnisvara Aktsiaselts · 35 days left · 23 Nov 2026](https://tendernation.io/opportunities/01a15183-bab9-73ee-8079-c050be4b1d5f/estonia-non-residential-property-services-tehnohooldusteenuse-tellimine-laan) [Real estate agency services on a fee or contract basis – Estate Agent Services - Framework Agreement · Stortinget · 16 days left · 4 Nov 2026](https://tendernation.io/opportunities/01a15183-74e2-729a-9a53-dba077887550/norway-real-estate-agency-services-on-a-fee-or-contract-basis-estate-agent-s)