Award

BT93 - City Hall - Parliamentary Estate Rent Review

CAPITALESOURCING

This public procurement record has 1 release in its history.

Award

15 Aug 2024 at 08:18

Summary of the contracting process

The procurement process for the contract titled "BT93 - City Hall - Parliamentary Estate Rent Review" involves the engagement of a specialist adviser to represent the Fund Management team within Westminster City Council's Corporate Property Department. This contract falls under the industry category of Financial Consultancy Services, specifically targeting business and management consultancy services. Located in London, United Kingdom, the procurement stage has reached the award phase, with the contract awarded to KNIGHT FRANK LLP on 17th July 2024. The contract, valued at £59,950, spans from 23rd August 2024 to 27th February 2026. The procurement method utilised was a competitive quotation (below threshold), making the process limited.

This tender presents significant opportunities for businesses specialising in financial and management consultancy services, particularly those capable of performing complex rent reviews for large property portfolios. Small and medium-sized enterprises (SMEs) stand a good chance of competing in similar future tenders due to the procurement's focus on less extensive processes. The role involves high-level advisory and negotiation skills, making it ideal for well-established consultancy firms with expertise in handling municipal properties and long-term financial strategies. Businesses in London can particularly benefit from this opportunity given the localised demand and relevance of the project.

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Notice Title

BT93 - City Hall - Parliamentary Estate Rent Review

Notice Description

For the provision of a specialist adviser to act on behalf of the Fund Management team within Westminster City Council's Corporate Property Department and negotiate the revised rent review

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bdd9e633-42a7-4fdf-a0a1-10fcde01fe17
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fc3f332f-ddf9-435f-8df4-068a2644bed1
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Competitive quotation (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

66171000 - Financial consultancy services

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£59,950 Under £100K
Lots Value
Not specified
Awards Value
£59,950 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
15 Aug 20241 years ago
Submission Deadline
4 Jul 2024Expired
Future Notice Date
Not specified
Award Date
16 Jul 20241 years ago
Contract Period
22 Aug 2024 - 27 Feb 2026 1-2 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
CAPITALESOURCING
Contact Name
Not specified
Contact Email
tenders@westminster.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1E 6QP
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

KNIGHT FRANK

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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