Award

BT93- Parliamentary Estate Review

CAPITALESOURCING

This public procurement record has 1 release in its history.

Award

03 Feb 2025 at 08:24

Summary of the contracting process

The public procurement process titled "BT93- Parliamentary Estate Review" was conducted by capitalEsourcing, located in London, United Kingdom. The contract pertains to the real estate services industry, specifically focusing on reviewing the Council's contractual agreements and leases to develop a detailed report for rent settlement. The tender, which followed a restricted (Non-OJEU) procurement method, commenced its contract period on 1st February 2025 and will conclude on 31st July 2026. The value of the contract is £95,000. The notable deadlines included the tender period ending on 1st September 2024.

This tender presents significant opportunities for businesses specialising in real estate services, especially those capable of handling detailed contract reviews and market comparisons. The contract is particularly well-suited for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs), providing an avenue to showcase their expertise and potentially expand their market reach. Companies like Cushman and Wakefield LLP, a large-scale supplier, exemplify the types of businesses that can successfully engage with such procurement processes to foster business growth.

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Notice Title

BT93- Parliamentary Estate Review

Notice Description

Reviewing the Council's contractual agreement and licenses, examining the leases, critically compare these arrangements to the marketplace and develop a detailed report with supporting evidence that will enable the Council to make an informed decision as to the settlement figure. The purpose of the rent review is to seek a settlement at a figure which is considered to be the full market rent for the subject space as at the review date in accordance with the lease terms and best practice.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-56e2e37d-fbc9-4d9c-b88f-12a3a98b9d36
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/db174062-ee23-4675-a3c4-3e59697cd5c3
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Restricted (Non-OJEU)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£95,000 Under £100K
Lots Value
Not specified
Awards Value
£95,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Feb 20251 years ago
Submission Deadline
1 Sep 2024Expired
Future Notice Date
Not specified
Award Date
31 Jan 20251 years ago
Contract Period
1 Feb 2025 - 31 Jul 2026 1-2 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
CAPITALESOURCING
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1E 6QP
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

CUSHMAN AND WAKEFIELD

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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