Tender

Property Investment Management

WATFORD BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Tender

18 Nov 2016 at 20:17

Tender Notice
Summary of the contracting process

Watford Borough Council is currently seeking proposals for a tender titled "Property Investment Management" focused on the management and development of its investment property portfolio, valued at approximately £105 million. This procurement falls under the commercial property management services category and is being conducted through a selective procurement method, specifically a restricted procedure. The tender publication date was 23rd April 2016, with submissions due by 23rd May 2016. The contract period will commence on 1st September 2016 and continues until 31st August 2026, covering various locations including the UK and British Overseas Territories.

This tender presents a significant opportunity for businesses within the commercial property management sector, particularly small and medium-sized enterprises (SMEs) looking to expand their service offerings. Companies with expertise in property management and development, as well as those capable of managing diverse assets to mitigate risk, would be well-suited to compete for this contract. Engaging in this tender process could lead to long-term relationships and stable income from managing a substantial property portfolio for Watford Borough Council.

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Notice Information

Notice Title

Property Investment Management

Notice Description

Management and Development of the Council's investment property portfolio as described in each Lot below. The portfolio in total is worth approx PS105M. The Council wishes to ensure a balance of risk through diversity and to improve the income received by the Council.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9651c93d-adc9-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/44438d47-013d-4541-8a38-f2e23d270e12
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70332200 - Commercial property management services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
18 Nov 20169 years ago
Submission Deadline
23 May 2016Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Aug 2016 - 31 Aug 2026 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
WATFORD BOROUGH 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
WATFORD
Postcode
WD17 3EX
Post Town
Watford
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH2 Bedfordshire and Hertfordshire
Small Region (ITL 3)
TLH27 South West Hertfordshire
Delivery Location
Not specified
Local Authority
Watford
Electoral Ward
Park
Westminster Constituency
Watford

Further Information

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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