Tender

GB-Stratford: LLDC Commercial Property Estate Management Services

LONDON LEGACY DEVELOPMENT CORPORATION

This public procurement record has 1 release in its history.

Tender

24 May 2024 at 09:45

Tender Notice
Summary of the contracting process

The London Legacy Development Corporation (LLDC) is seeking a property consultancy to manage its commercial property estate in London. The 3-year contract involves proactively managing assets, fulfilling legal obligations, and maximising commercial opportunities. The tender, with an application deadline of 19th June 2024, aims to select service providers for this business-critical service. The contract period is set to start on 15th July 2024 and end on 16th July 2027.

This tender opportunity could be especially suitable for small or medium enterprises (SMEs) interested in commercial property management services. Businesses with experience in property consultancy and asset management may find this opportunity well-suited for growth. The open procurement procedure allows interested parties to compete for the contract, creating a competitive environment for service providers in the industry category of commercial property management services.

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Notice Information

Notice Title

GB-Stratford: LLDC Commercial Property Estate Management Services

Notice Description

The London Legacy Development Corporation (LLDC), with a 12-year operational history, is seeking a qualified and experienced property consultancy to manage its owned and occupied assets and locations. The LLDC's portfolio, which will eventually be developed, generates important interim income. Therefore, effective management of these tenants and properties is crucial, including rent collection. The Service Provider is expected to proactively manage the LLDC's owned and occupied assets and locations that are not under development, using a coordinated approach to ensure legal obligations are fulfilled, commercial opportunities are maximised, and sites are available and prepared for development at the relevant time. LLDC currently has a contract with a single service provider that is due to end mid-2024. Therefore, a re-tender is required for this business-critical service. This requirement is for LLDC and its subsidiary operations including Stratford Waterfront Retail Management Company Limited. EXPECTED DURATION: 3 Year Contract Additional information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-0b435d3a-ea48-4996-bf98-4b16c0cb79e2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0691a2d9-3c20-43ab-b258-12ba126c7846
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70332200 - Commercial property management services

Notice Value(s)

Tender Value
£100,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 May 20241 years ago
Submission Deadline
19 Jun 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
14 Jul 2024 - 16 Jul 2027 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LONDON LEGACY DEVELOPMENT CORPORATION
Contact Name
Ryan Conroy
Contact Email
ryanconroy@tfl.gov.uk
Contact Phone
00000000000

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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