Tender

Property Investment Manager for West Sussex Pension Fund

WEST SUSSEX COUNTY COUNCIL

This public procurement record has 2 releases in its history.

Tender

05 Jan 2024 at 16:31

Tender Notice
Tender

19 Dec 2023 at 15:44

Tender Notice
Summary of the contracting process

The West Sussex County Council is seeking a Property Investment Manager for the West Sussex Pension Fund through a competitive procedure with negotiation. The contract, valued at £15m over 7 years, aims to deliver UK direct property services and may be extended for an additional 3 years. The tender deadline is January 26, 2024, with a Contract Effective Date of October 1, 2024, and a Service Commencement date of January 1, 2025. The procurement is open to SMEs and is tailored for firms in pension investment and property management services.

This public procurement opportunity with West Sussex County Council presents a chance for businesses specializing in pension investment services and property management to secure a lucrative contract. The competitive procedure with negotiation allows for strategic partnerships for delivering UK direct property mandate. The initial 5-year contract, potentially extendable, offers stability and growth opportunities for firms looking to expand their foothold in the pension investment industry. Consider participating if your business fits well in delivering such specialised services in the South East region of the United Kingdom.

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Notice Information

Notice Title

Property Investment Manager for West Sussex Pension Fund

Notice Description

This Invitation to Negotiate (ITN) is issued by West Sussex County Council on behalf of West Sussex Pension Fund (WSPF) who are seeking to appoint a single Property Investment Manager who is able to deliver their UK direct property mandate, as described in Document 02 - Specification, in accordance with the Public Contracts Regulations 2015 (PCR 2015). This Procurement is being undertaken in accordance with the Competitive Procedure with Negotiation pursuant to Regulation 29 of the Public Contracts Regulations 2015. Although the Council is utilising the Competitive Procedure with Negotiation route, it reserves the right to award the contract on the basis of the initial tenders without conducting negotiations. It is anticipated that the Contract will be awarded for an initial period of 5 years from the Contract Effective Date, with an option to extend on the same terms and conditions at WSCC's discretion by up to an additional 5 years in any combination. The Contract Effective Date shall be 01 January 2025. The estimated value of the contract over the full term (initial period and extensions) is PS15m. The link below is for Atamis and the specific WSCC Atamis landing page. A user guide and FAQ section is on the website to ensure you encounter no issues. https://atamis-7669.my.site.com/s/Welcome

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a473836e-8971-4f6a-9b36-10e802b7fb1b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c20af771-43e5-4fb6-b570-099180473261
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

70 - Real estate services

CPV Codes

66131100 - Pension investment services

66141000 - Pension fund management services

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

70332200 - Commercial property management services

Notice Value(s)

Tender Value
£15,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
5 Jan 20242 years ago
Submission Deadline
26 Jan 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Sep 2024 - 30 Sep 2031 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
WEST SUSSEX COUNTY 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
CHICHESTER
Postcode
PO19 1RG
Post Town
Portsmouth
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ27 West Sussex (South West)
Delivery Location
TLJ South East (England)
Local Authority
Chichester
Electoral Ward
Chichester Central
Westminster Constituency
Chichester

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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