Tender

South Cambridgeshire District Council - Commercial Asset Management

SOUTH CAMBRIDGESHIRE DISTRICT COUNCIL

This public procurement record has 3 releases in its history.

Tender

10 Dec 2024 at 15:26

Tender

29 Nov 2024 at 10:58

Tender

21 Nov 2024 at 15:46

Summary of the contracting process

South Cambridgeshire District Council is inviting tenders for a commercial asset management contract, focusing on managing and investing in the Council's commercial property assets in the East of England. This contract includes high-value buildings in Cambridge Science Park, Colmworth Trading Park, Cambourne Business Park, and Northstowe Employment Zone. The tender is in the active stage with a tender end date of 30th December 2024. The contract period will start on 17th February 2025 and end on 16th February 2028. The procurement method is an open procedure above threshold, and the industry category is real estate services (CPV code 70000000). Potential contractors must ensure the optimal performance of the portfolio while adhering to best practice ESG standards, health and safety regulations, and the Council’s Investment Strategy.

This tender offers extensive opportunities for businesses specialising in commercial property management and investment advice to expand their portfolio and gain significant exposure in the East of England. Small and medium-sized enterprises (SMEs) are encouraged to apply, as the contract is deemed suitable for this category of businesses. Contractors with expertise in managing diverse assets, identifying investment opportunities, and collaborating with financial and legal teams will find this tender particularly beneficial. Furthermore, having access to an in-house building surveyor will be advantageous to meet the full contractual requirements. The completion and submission of bids must be conducted via the Council’s e-tendering portal as specified in the tender notice.

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Notice Title

South Cambridgeshire District Council - Commercial Asset Management

Notice Description

SCDC wishes to appoint a suitably qualified and experienced contractor to provide a service which encompasses the following: * To advise on the management of the Council's commercial property assets that meet the Councils adopted strategies (supporting economic growth and regeneration). * To provide commercial property investment advice by sourcing potential investment opportunities set by SCDC that meet the criteria set in the Council's Investment Strategy. SCDC owns assets on Cambridge Science Park, Colmworth Trading Park (St Neots), Cambourne Business Park and Northstowe Employment Zone and local centre. Assets range from high value multi-million-pound buildings, a wholly owned subsidiary (Cambourne Business Park Ltd), to a temporary community building in Northstowe. SCDC shall require the Contractor to manage the assets within their portfolio to always ensure that the portfolio is delivering the best performance obtainable, in both revenue and capital growth terms, ensuring best practice ESG performance whilst observing the security and liquidity guidance from Government. SCDC expect that the Contractor will be able to advise on the local, regional, and national sector investment markets and when it would be appropriate to acquire, hold, invest in, or dispose of an asset. SCDC shall require the Contractor to work closely with their Finance, Commercial and Legal teams and any other internal or external appointed property management company to ensure that the asset is well managed and maintained and that the administration and renewal of the leases is optimised. All assets should be compliant with health and safety regulations - it is the job of the asset management contractor to ensure this. It is expected that the asset management contractor will benefit from an in-house building surveyor to ensure the full requirements of this contract can be completed. Should you be interested in this opportunity, the full tender documents can be found on our e-tendering portal via the following link: https://procontract.due-north.com/Advert?advertId=8775efa1-1ea8-ef11-8132-005056b64545 Should you then be interested in bidding for this opportunity, bids must be submitted via the advert on our e-tendering portal via the above link.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-e45f1cfd-d3a2-4967-aee8-7877c5d98456
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7e862343-29af-446d-9d1e-ffdcbe956896
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 (above 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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
10 Dec 20241 years ago
Submission Deadline
17 Jan 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
17 Feb 2025 - 16 Feb 2028 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
SOUTH CAMBRIDGESHIRE DISTRICT COUNCIL
Contact Name
Kate Swan
Contact Email
kate.swan@scambs.gov.uk
Contact Phone
+44 1954713384

Buyer Location

Locality
CAMBOURNE
Postcode
CB23 6EA
Post Town
Cambridge
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH4 Cambridgeshire and Peterborough
Small Region (ITL 3)
TLH42 Cambridgeshire CC
Delivery Location
Not specified

Local Authority
South Cambridgeshire
Electoral Ward
Cambourne
Westminster Constituency
St Neots and Mid Cambridgeshire

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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