IFRS 16 Lease Management Hub

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Buyers

Value

£1,529,668

Suppliers

Classifications

  • Real estate services

Tags

  • award
  • contract

Published

9 months ago

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).

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Organisation

Foreign Commonwealth and Development Office

Ministry or any other national or federal authority, including their regional or local subdivisions

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