Award

Bulk Property Acquisitions & Refurbishment Service Contract

LONDON BOROUGH OF HILLINGDON

This public procurement record has 1 release in its history.

Award

05 Feb 2025 at 14:51

Award Notice
Summary of the contracting process

The London Borough of Hillingdon has awarded a contract to Madison Brook (Group) Ltd for a Bulk Property Acquisitions & Refurbishment Service. This contract involves the sourcing, acquisition, and refurbishment of residential properties within the London Borough of Hillingdon, focusing on two, three, and four-bedroom homes. The contract period spans five years, starting from 3 February 2025 to 2 February 2030, with an initial term of two years plus options to extend. The procurement process followed an open procedure above the threshold and the contract is valued at £15,638,795. This contract pertains to the construction category, with the main procurement category being works, and is particularly suited for SMEs.

This tender offers substantial opportunities for businesses specialising in property acquisition and refurbishment, particularly those experienced in the residential sector. The contract stipulates the acquisition of up to 100 properties per year, presenting a significant and continuous workload. Businesses involved in conveyancing, surveying, and property refurbishment, including compliance documentation, will find this tender particularly aligned with their services. The engagement includes using the M3NHF Responsive Maintenance and Void Property Works Schedule of Rates v8, allowing companies to competitively bid with their percentage adjustments and fixed costs for acquisition fees. This is a prime opportunity for businesses looking to expand their portfolio in the Greater London area's vibrant property market.

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Notice Information

Notice Title

Bulk Property Acquisitions & Refurbishment Service Contract

Notice Description

The London Borough of Hillingdon (Hillingdon) invites tenders from suitably qualified and experienced contractors in relation to entering into an agreement (the Contract) to provide a comprehensive Bulk Property Acquisition and Refurbishment Service (the Service) for a Two (2) year period with the option to extend for a further One (1) plus One (1) plus One (1) years. The Service is for the sourcing, acquisition, and refurbishment of two, three and four bedroom properties located in the London Borough of Hillingdon including conveyancing and surveys. Properties will be existing residential properties acquired in the open market and/or off-market where possible. Properties acquired will be refurbished to the agreed specification including full compliance documentation as required for letting. The types of works required for refurbishment will generally include but not limited to those as stipulated within the Employers Requirements document. Hillingdon Council may from time to time add to the type of work to be executed or may remove certain types of work completely for inclusion in separate specialist contracts. Such action will not be taken without consultation. The Service is to be provided to the Council with an estimated volume of up to 100 properties to be acquired per year, but the Council does not provide any guarantee or assurance in respect of the annual value or volumes of work generated under this contract. Each property must be within the boundary of the London Borough of Hillingdon and will vary in size from two to four bedrooms. Contractors will be invited to submit competitive tenders based on an "all-inclusive" basis using the M3 National Housing Federation (M3NHF) Responsive Maintenance and Void Property Works Schedule of Rates v8 with tenderers percentage adjustment along with Agents Fee percentage and fixed costs for Acquisition Fees. Additional information: This is an award notice

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c1ba2bfe-e98b-4773-807f-bb5b187b17b1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/812f3fd1-08bf-48b0-90e6-b64efef93675
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

45 - Construction work

CPV Codes

45000000 - Construction work

Notice Value(s)

Tender Value
£15,638,795 £10M-£100M
Lots Value
Not specified
Awards Value
£15,638,795 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
5 Feb 20251 years ago
Submission Deadline
29 Jul 2024Expired
Future Notice Date
Not specified
Award Date
2 Feb 20251 years ago
Contract Period
3 Feb 2025 - 2 Feb 2030 Over 5 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
LONDON BOROUGH OF HILLINGDON
Contact Name
Not specified
Contact Email
mbreen@hillingdon.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
UXBRIDGE
Postcode
UB8 1UW
Post Town
Southall
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI7 Outer London - West and North West
Small Region (ITL 3)
TLI74 Harrow and Hillingdon
Delivery Location
Not specified
Local Authority
Hillingdon
Electoral Ward
Uxbridge
Westminster Constituency
Uxbridge and South Ruislip

Supplier Information

Number of Suppliers
1
Supplier Name

MADISON BROOK (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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