Notice Information
Notice Title
Provision of Railway Estates Management Services: Retail, Commercial and Occupations
Notice Description
FirstRail Holdings (FRH) is looking to appoint an experienced RICS rail estate management consultancy to drive and deliver both higher rental income returns by increasing the rent roll and substantial customer service improvements through capital and tenant investment. Our built stations estate (which encompasses all property within our Leases including station buildings, car parks and other land and property.) The scope of this requirement covers the provision of an estate management services provider for Great Western Railway, South Western Railway and Avanti West Coast and TransPennine Express Train Operating Contracts (TOCs). Please note that First Transpennine Express (TPE) is included within this tender as an optional "add on", however there is no guarantee that this TOC will be included in the final contract award. FRH reserve the right to include TPE and the associated service offering from the successful bidder at any point or not at all over the duration of the contract term utilising this tendering process.
Lot Information
Lot 1
FirstRail Holdings (FRH) is looking to appoint an experienced RICS rail estate management consultancy to drive and deliver both higher rental income returns by increasing the rent roll and substantial customer service improvements through capital and tenant investment. Our built stations estate (which encompasses all property within our Leases including station buildings, car parks and other land and property.) The scope of this requirement covers the provision of an estate management services provider for Great Western Railway, South Western Railway and Avanti West Coast and TransPennine Express Train Operating Contracts (TOCs). Please note that First Transpennine Express (TPE) is included within this tender as an optional "add on", however there is no guarantee that this TOC will be included in the final contract award. FRH reserve the right to include TPE and the associated service offering from the successful bidder at any point or not at all over the duration of the contract term utilising this tendering process. The estate comprises of over 700 properties providing a broad mix of retail, office, residential and other commercial tenancies held on a mixture of leases and licences. For the avoidance of doubt this excludes the management of station car parking and commercial advertising. The estate has generated a rental income to these FirstGroup TOCs of approximately PS13.7m per annum pre-Covid pandemic, and budgeted income of PS10.8m per annum year ending March 2023. The proposed contract would be for an initial 3-year period up to 24th July 2025 with an option to extend for a further year up to July 2026. The estimated value of the contract is expected to be approximately in the range of PS2,456,764 and PS4,176,500 excluding VAT for the full 4 years of the contract (this includes the optional one-year extension for all four TOCs). The anticipated range excluding TPE is in anticipated to be in the range of PS2,292,547 - PS3,897,330.92.
Options: 3 year initial term contract, with the option to extend by an additional 12 months, subject to approvals.
Renewal: There is an optional 12 month extension on this contract.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-031759
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/004285-2022
- Current Stage
- Tender
- All Stages
- Tender
Procurement Classification
- Notice Type
- Tender Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Selective
- Procurement Method Details
- Negotiated procedure with prior call for competition
- Tender Suitability
- Not specified
- 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
- £3,100,000 £1M-£10M
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 15 Feb 20224 years ago
- Submission Deadline
- 18 Mar 2022Expired
- Future Notice Date
- Not specified
- Award Date
- Not specified
- Contract Period
- Not specified - Not specified
- Recurrence
- Not specified
Notice Status
- Tender Status
- Active
- Lots Status
- Active
- Awards Status
- Not Specified
- Contracts Status
- Not Specified
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- FIRST TRENITALIA WEST COAST RAIL LIMITED
- Additional Buyers
FIRST GREATER WESTERN RAILWAY LIMITED
- Contact Name
- Sabrina Hollingum
- Contact Email
- sabrina.hollingum@firstrail.com
- Contact Phone
- Not specified
Buyer Location
- Locality
- LONDON
- Postcode
- W2 1AF
- Post Town
- 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
- Not specified
-
- Local Authority
- Westminster
- Electoral Ward
- Hyde Park
- Westminster Constituency
- Cities of London and Westminster
Further Information
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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