Tender

Request for Quotation for the Provision of a Real Estate Development Advisor to the Council V1

BURY COUNCIL

This public procurement record has 1 release in its history.

Tender

22 Feb 2024 at 16:57

Tender Notice
Summary of the contracting process

The Bury Council has initiated a tender process for the provision of a Real Estate Development Advisor. The procurement stage is currently active, with the closing time and date for quotation submissions set for 12.00 noon on Wednesday 20th March 2024. The contract period is slated to run from 1st May 2024 to 30th April 2025, with a possible extension up to 30th April 2027. The procurement falls under the industry category of 'Real estate services' and is located in the North West region of the United Kingdom.

This tender opportunity provides a chance for businesses with expertise in real estate development, including those with thorough knowledge of the North-West real estate market and experience in negotiating land agreements with developers, to engage with the Bury Council. With a value of £70,000 GBP, this open tender aims to attract small and medium-sized enterprises suited to offering technical development support. Businesses adept at reviewing development appraisals and advising on overage agreements are well-suited to compete in this open procedure procurement.

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Notice Information

Notice Title

Request for Quotation for the Provision of a Real Estate Development Advisor to the Council V1

Notice Description

Bury Council is seeking to appoint the continuation of a Real Estate Development Advisor to provide technical development support to the Council in bringing forwards key development opportunities. The Council's current contract for this service has now expired and there is a need for its continuation, hence offering this opportunity out. * Detailed knowledge of the North-West real estate market. * Direct experience of taking sites out to the market to secure development. * Fundamental understanding of development economics and how these apply to public land being primed for development. * Evidence of comprehensive experience of negotiating land and property agreements with developers. * Detailed ability to review and advise the Council on development appraisals. * An in-depth understanding of overage agreements, and a capability to critically assess the costs and values supplied by the developer in relation to the overage agreement and to propose a negotiating position for the Council. * Detailed understanding of the capability of the Council and other public bodies to provide funding to support development schemes (Subsidy Control and the broad principles of public investment). The initial contract period will commence on 1st May 2024 to 30th April 2025 with an option to extend for two further 12-month periods until 30th April 2027. All paperwork and correspondence via the CHEST/Proactis portal. Closing time and date for quotation submissions: By no later than 12.00 noon on Wednesday 20th March 2024.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d96abc63-7e59-4a2b-8264-c3a777521396
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/8006d635-47a5-41bd-a294-70058c5f3f39
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

CPV Codes

70000000 - Real estate services

Notice Value(s)

Tender Value
£70,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
22 Feb 20242 years ago
Submission Deadline
20 Mar 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Apr 2024 - 30 Apr 2025 6-12 months
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
BURY 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
BURY
Postcode
BL9 0EJ
Post Town
Bolton
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD37 Greater Manchester North East
Delivery Location
TLD North West (England)
Local Authority
Bury
Electoral Ward
Bury East
Westminster Constituency
Bury North

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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