Award

GB-Stratford: LLDC Commercial Property Estate Management Services

LONDON LEGACY DEVELOPMENT CORPORATION

This public procurement record has 1 release in its history.

Award

26 Jul 2024 at 09:00

Award Notice
Summary of the contracting process

The London Legacy Development Corporation (LLDC) has recently awarded a contract for commercial property estate management services to Estama (UK) Ltd. This contract, valued at £87,750, will commence on 1st August 2024 and run until 30th July 2027. LLDC, located in London, is engaging an open procedure to re-tender this essential service, which encompasses the management of LLDC's owned and occupied assets, particularly ones not currently under development. The contract aims to ensure legal compliance, maximise commercial opportunities, and prepare sites for future development. Relevant industry categories include commercial property management services, and opportunities are primarily situated in London.

This tender offers growth opportunities for businesses specialising in property consultancy, particularly those experienced in commercial property management. Small and medium enterprises (SMEs) stand a favourable chance, given the LLDC's indication that the contract may be suitable for them. Businesses that are well-versed in proactive asset management, legal compliance, and the enhancement of commercial properties' value would find this tender highly beneficial. The success in securing such contracts from a reputable organisation like LLDC can bolster credibility and open doors to further projects in the public sector.

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Notice Information

Notice Title

GB-Stratford: LLDC Commercial Property Estate Management Services

Notice Description

The London Legacy Development Corporation (LLDC), with a 12-year operational history, is seeking a qualified and experienced property consultancy to manage its owned and occupied assets and locations. The LLDC's portfolio, which will eventually be developed, generates important interim income. Therefore, effective management of these tenants and properties is crucial, including rent collection. The Service Provider is expected to proactively manage the LLDC's owned and occupied assets and locations that are not under development, using a coordinated approach to ensure legal obligations are fulfilled, commercial opportunities are maximised, and sites are available and prepared for development at the relevant time. LLDC currently has a contract with a single service provider that is due to end mid-2024. Therefore, a re-tender is required for this business-critical service. This requirement is for LLDC and its subsidiary operations including Stratford Waterfront Retail Management Company Limited. EXPECTED DURATION: 3 Year Contract Additional information: The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-caa51c5f-c3ed-47ae-a875-0aa633ea7dad
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a3469b34-60aa-44f3-81c2-39b01ae156e4
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
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70332200 - Commercial property management services

Notice Value(s)

Tender Value
£87,750 Under £100K
Lots Value
Not specified
Awards Value
£87,750 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
26 Jul 20241 years ago
Submission Deadline
24 Jul 2024Expired
Future Notice Date
Not specified
Award Date
24 Jul 20241 years ago
Contract Period
31 Jul 2024 - 30 Jul 2027 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
LONDON LEGACY DEVELOPMENT CORPORATION
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

ESTAMA (UK

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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