Award

Property Investment Advisory Services

NORTH SOMERSET COUNCIL

This public procurement record has 1 release in its history.

Award

20 Dec 2017 at 10:29

Summary of the contracting process

North Somerset Council has completed the procurement process for "Property Investment Advisory Services," which involved setting up a new property investment fund aimed at boosting the Council's revenue and achieving long-term capital growth. This procurement falls under the real estate services category and had a total contract value of £400,000. The procurement method used was selective, with a contract period beginning on 10th November 2017 and ending on 31st October 2020. The contract was awarded on 30th October 2017, following a tender period that concluded on 2nd October 2017, with all activities based in the South West region of the United Kingdom.

This opportunity may be particularly beneficial for businesses specialising in property investment services, financial consulting, and asset management. Firms that can demonstrate experience in establishing investment funds or providing strategic advisory services will find themselves well-positioned to compete in similar tenders. The Council's focus on increasing revenue streams highlights a trend towards engaging external expertise, which presents opportunities for small and medium-sized enterprises to participate in impactful local government projects.

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Notice Title

Property Investment Advisory Services

Notice Description

Award decision for provision of assistance in the setting up of a new property investment fund with a view to increasing the Council's revenue streams and achieving long term capital growth

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4ab71e73-b50a-458c-9bfa-b18736bfee92
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0f15b2d2-0497-4a1c-82ba-9a86baf70058
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£400,000 £100K-£500K
Lots Value
Not specified
Awards Value
£400,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
20 Dec 20178 years ago
Submission Deadline
2 Oct 2017Expired
Future Notice Date
Not specified
Award Date
30 Oct 20178 years ago
Contract Period
10 Nov 2017 - 31 Oct 2020 2-3 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
NORTH SOMERSET COUNCIL
Contact Name
Not specified
Contact Email
geoff.wall@n-somerset.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
WESTON SUPER MARE
Postcode
BS23 1UJ
Post Town
Bristol
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK6 North Somerset, Somerset and Dorset
Small Region (ITL 3)
TLK61 North Somerset
Delivery Location
TLK South West (England)

Local Authority
North Somerset
Electoral Ward
Weston-super-Mare Central
Westminster Constituency
Weston-super-Mare

Supplier Information

Number of Suppliers
1
Supplier Name

MONTAGU EVANS

Further Information

Notice Documents

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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