Award

Contract for Property Management Services

WYRE FOREST DISTRICT COUNCIL

This public procurement record has 1 release in its history.

Award

01 Nov 2024 at 10:33

Summary of the contracting process

Wyre Forest District Council has successfully completed the procurement process for property management services, awarding the contract to MK2 Real Estate Property Management Limited. This contract, valued at £412,545, is for managing the Council’s commercial property portfolio located in Kidderminster, Solihull, and Bromsgrove. The procurement was executed via an open procedure and the contract will run from 28th October 2024 to 31st August 2027, with a possible extension up to six years. The services fall under the "property management services of real estate on a fee or contract basis" classification, aimed at the West Midlands region.

This tender presents significant opportunities for businesses specialising in property management, particularly those that are small and medium-sized enterprises (SMEs). The duration and scale of the contract offer substantial potential for business growth and long-term collaboration with public sector clients. SMEs and start-ups in the property management industry, as well as regional service providers in the West Midlands, would find this tender particularly advantageous, enabling them to expand their portfolios and gain experience in managing diversified commercial properties. The competitive open procedure ensures accessibility for qualified entities capable of meeting the specification requirements set by Wyre Forest District Council.

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Notice Title

Contract for Property Management Services

Notice Description

Contract for Property Management Services Ref: WF2024/071 Wyre Forest District Council ("the Council") sought to appoint a Contractor to manage their commercial property portfolio known as the Capital Portfolio Fund, with properties located in Kidderminster, Solihull and Bromsgrove. The appointment was made by way of competitive Tender via the Open procedure based on the Requirements and Specification set within the tender documents. The contract will be for a period of 3 years with the option to extend for a further 2 years + 1 year (maximum of 6 years). The tender exercise was carried out via e-procurement portal, ProContract-DueNorth.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-66a7268c-5f08-4fc9-bd04-3f1c8f0949d5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3de24d53-9c45-4657-8720-71f82c8896fc
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services


CPV Codes

70330000 - Property management services of real estate on a fee or contract basis

Notice Value(s)

Tender Value
£412,545 £100K-£500K
Lots Value
Not specified
Awards Value
£412,545 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Nov 20241 years ago
Submission Deadline
16 Aug 2024Expired
Future Notice Date
Not specified
Award Date
14 Oct 20241 years ago
Contract Period
28 Oct 2024 - 31 Aug 2027 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
WYRE FOREST DISTRICT COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
KIDDERMINSTER
Postcode
DY11 7WF
Post Town
Dudley
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG1 Herefordshire, Worcestershire and Warwickshire
Small Region (ITL 3)
TLG12 Worcestershire CC
Delivery Location
TLG West Midlands (England)

Local Authority
Wyre Forest
Electoral Ward
Mitton
Westminster Constituency
Wyre Forest

Supplier Information

Number of Suppliers
1
Supplier Name

MK2 REAL ESTATE PROPERTY MANAGEMENT

Open Contracting Data Standard (OCDS)

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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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