Award

Property Portfolio-Asset Management

NEWCASTLE CITY COUNCIL

This public procurement record has 1 release in its history.

Award

23 Nov 2022 at 10:14

Award Notice
Summary of the contracting process

The Newcastle City Council has awarded a contract for Property Portfolio-Asset Management to Knight Frank & Rutley Limited. The contract value is £1,500,000 with a contract period starting from February 1, 2023, and ending on November 30, 2025. The procurement method used was an open procedure above threshold, and the tender period ended on September 20, 2022. The contract is for property management services within the North East region of the United Kingdom.

This contract presents a business growth opportunity for firms specializing in property management services. Companies with experience in real estate asset management, especially in the North East region of the UK, would be well-suited to compete. The contract duration of 3 years with possible extensions offers stability and potential growth opportunities for the winning supplier. The open procurement method allows fair competition for interested businesses aiming to expand their service portfolio in the property management sector.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Property Portfolio-Asset Management

Notice Description

Contract awarded for 3 years with 2 options to extend for 12 months to Knight Frank.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-79125862-fcdd-4a78-80c4-f45a274bc479
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b87c51c9-806a-4b5d-b646-a1a35f40c079
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 (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

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
£1,500,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,500,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
23 Nov 20223 years ago
Submission Deadline
20 Sep 2022Expired
Future Notice Date
Not specified
Award Date
22 Nov 20223 years ago
Contract Period
1 Feb 2023 - 30 Nov 2025 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
NEWCASTLE CITY 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
NEWCASTLE UPON TYNE
Postcode
NE1 8QH
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
1
Supplier Name

KNIGHT FRANK & RUTLEY

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-79125862-fcdd-4a78-80c4-f45a274bc479-2022-11-23T10:14:39Z",
    "date": "2022-11-23T10:14:39Z",
    "ocid": "ocds-b5fd17-79125862-fcdd-4a78-80c4-f45a274bc479",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "C-012259 007898",
        "title": "Property Portfolio-Asset Management",
        "description": "Contract awarded for 3 years with 2 options to extend for 12 months to Knight Frank.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "70330000",
            "description": "Property management services of real estate on a fee or contract basis"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "North East",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "minValue": {
            "amount": 1000000,
            "currency": "GBP"
        },
        "value": {
            "amount": 1500000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure (above threshold)",
        "tenderPeriod": {
            "endDate": "2022-09-20T10:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2023-02-01T00:00:00Z",
            "endDate": "2025-11-30T23:59:59Z"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/FY63t84q",
            "name": "Newcastle City Council",
            "identifier": {
                "legalName": "Newcastle City Council",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/FY63t84q"
            },
            "address": {
                "streetAddress": "Civic Centre",
                "locality": "NEWCASTLE UPON TYNE",
                "postalCode": "NE18QH",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Janine Lancaster",
                "email": "janine.lancaster@newcastle.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-00975321",
            "name": "KNIGHT FRANK & RUTLEY LIMITED",
            "identifier": {
                "legalName": "KNIGHT FRANK & RUTLEY LIMITED",
                "scheme": "GB-COH",
                "id": "00975321"
            },
            "address": {
                "streetAddress": "20 Hanover Square W1S 1JY GB"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/FY63t84q",
        "name": "Newcastle City Council"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-79125862-fcdd-4a78-80c4-f45a274bc479-1",
            "status": "active",
            "date": "2022-11-22T00:00:00Z",
            "datePublished": "2022-11-23T10:14:39Z",
            "value": {
                "amount": 1500000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-00975321",
                    "name": "KNIGHT FRANK & RUTLEY LIMITED"
                }
            ],
            "contractPeriod": {
                "startDate": "2023-02-01T00:00:00Z",
                "endDate": "2025-11-30T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/b87c51c9-806a-4b5d-b646-a1a35f40c079",
                    "datePublished": "2022-11-23T10:14:39Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}