Award

Management Contract of WBC Commercial Property Portfolio - AWARD

WEST BERKSHIRE COUNCIL

This public procurement record has 1 release in its history.

Award

15 Nov 2024 at 11:38

Award Notice
Summary of the contracting process

West Berkshire Council has completed the procurement process for the management of its commercial property portfolio, titled "Management Contract of WBC Commercial Property Portfolio - AWARD." The contract has been awarded through an open procedure under Lot 1 of the Crown Commercial Services framework RM6168 - Estate Management Services. The industry category is property management services under CPV code 70330000. The awarded contract spans multiple locations, including the United Kingdom, Europe, and several oversees territories. The contract period commenced on 29 October 2024 and will end on 28 October 2027, with the total contract value amounting to £450,984. The procurement stage is now complete, and the award was published on 15 November 2024.

This tender offers significant opportunities for businesses involved in property and facilities management, leasing and agency services, disposals of assets, and strategic portfolio management. Companies with expertise in handling comprehensive estate management, conducting financial investment analysis, and ensuring statutory compliance will find this contract particularly beneficial. The winning bidder, Lambert Smith Hampton Group Ltd, will undertake various responsibilities, including rent collection, marketing of vacant properties, and landlord and tenant management, making it a lucrative opportunity for established property management firms seeking to expand their services and portfolio.

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Notice Information

Notice Title

Management Contract of WBC Commercial Property Portfolio - AWARD

Notice Description

It is proposed to seek to appoint a property agent through Lot 1 (Total Estate Management) of Crown Commercial Services framework RM6168 - Estate Management Services. The following is a list of the key services expected of the contract: o Disposals; Disposal of assets within the portfolio, including marketing, advice and reporting o Leasing and agency services; Undertake rent reviews, lease breaks/renewals, dilapidation negotiations and marketing and lettings of vacant properties o Property and facilities management; Provide financial and facilities management of the portfolio, rent collection, ensure statutory compliance, landlord and tenant management, including reporting. o Strategic portfolio management; Independent sourcing of suitable investments, stock screening, selection and scrutiny. Include access to both occupational and capital markets, financial investment analysis and due diligence on acquisitions.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-66c32a38-8a14-4f0b-a727-4f790b236cba
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/10810c9c-ba95-4db8-8156-2d15c9bf115b
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
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70121000 - Building sale or purchase services

70130000 - Letting services of own property

70220000 - Non-residential property renting or leasing services

70310000 - Building rental or sale services

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

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£450,984 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
15 Nov 20241 years ago
Submission Deadline
20 Sep 2024Expired
Future Notice Date
Not specified
Award Date
15 Oct 20241 years ago
Contract Period
29 Oct 2024 - 28 Oct 2027 2-3 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WEST BERKSHIRE 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
BERKSHIRE
Postcode
RG14 5LD
Post Town
Reading
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ16 Berkshire West
Delivery Location
Not specified
Local Authority
West Berkshire
Electoral Ward
Newbury Central
Westminster Constituency
Newbury

Supplier Information

Number of Suppliers
1
Supplier Name

LAMBERT SMITH HAMPTON GROUP

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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