Notice Information
Notice Title
Property Investment Manager for West Sussex Pension Fund
Notice Description
This Invitation to Negotiate (ITN) is issued by West Sussex County Council on behalf of West Sussex Pension Fund (WSPF) who are seeking to appoint a single Property Investment Manager who is able to deliver their UK direct property mandate, as described in Document 02 - Specification, in accordance with the Public Contracts Regulations 2015 (PCR 2015).<br/><br/>This Procurement is being undertaken in accordance with the Competitive Procedure with Negotiation pursuant to Regulation 29 of the Public Contracts Regulations 2015. Although the Council is utilising the Competitive Procedure with Negotiation route, it reserves the right to award the contract on the basis of the initial tenders without conducting negotiations.<br/><br/>It is anticipated that the Contract will be awarded for an initial period of 7 years from the Contract Effective Date, with an option to extend on the same terms and conditions at WSCC's discretion by up to an additional 3 years in any combination.<br/><br/>The contract start date (Effective Date) shall be 01 January 2025 following an implementation period.<br/><br/>The estimated value of the contract over the full term (initial period and extensions) is PS15m.<br/><br/>The process will be split into the following stages:<br/><br/>Stage 1: Selection Questionnaire (SQ) submission <br/>Stage 2: Initial Tender Submission <br/>Stage 3: Negotiations and Final Tenders (up to 4 Bidders will be invited to this stage)<br/>Stage 4: Contract Award
Lot Information
Lot 1
This Invitation to Negotiate (ITN) is issued by West Sussex County Council on behalf of West Sussex Pension Fund (WSPF) who are seeking to appoint a single Property Investment Manager who is able to deliver their UK direct property mandate, as described in Document 02 - Specification, in accordance with the Public Contracts Regulations 2015 (PCR 2015).
This Procurement is being undertaken in accordance with the Competitive Procedure with Negotiation pursuant to Regulation 29 of the Public Contracts Regulations 2015. Although the Council is utilising the Competitive Procedure with Negotiation route, it reserves the right to award the contract on the basis of the initial tenders without conducting negotiations.
It is anticipated that the Contract will be awarded for an initial period of 7 years from the Contract Effective Date, with an option to extend on the same terms and conditions at WSCC's discretion by up to an additional 3 years in any combination.
The contract start date (Effective Date) shall be 01 January 2025 following an implementation period.
The estimated value of the contract over the full term (initial period and extensions) is PS15m.
The process will be split into the following stages:
Stage 1: Selection Questionnaire (SQ) submission
Stage 2: Initial Tender Submission
Stage 3: Negotiations and Final Tenders (up to 4 Bidders will be invited to this stage)
Stage 4: Contract Award
Renewal: 30/09/34
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-0421f5
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/037341-2023
- Current Stage
- Tender
- All Stages
- Planning, Tender
Procurement Classification
- Notice Type
- Planning Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Selective
- Procurement Method Details
- Competitive procedure with negotiation
- Tender Suitability
- Not specified
- Awardee Scale
- Not specified
Common Procurement Vocabulary (CPV)
- CPV Divisions
66 - Financial and insurance services
70 - Real estate services
-
- CPV Codes
66131100 - Pension investment services
66141000 - Pension fund management services
70330000 - Property management services of real estate on a fee or contract basis
Notice Value(s)
- Tender Value
- £15,000,000 £10M-£100M
- Lots Value
- £15,000,000 £10M-£100M
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 19 Dec 20232 years ago
- Submission Deadline
- 26 Jan 2024Expired
- Future Notice Date
- 15 Dec 2023Expired
- Award Date
- Not specified
- Contract Period
- 30 Sep 2024 - 30 Sep 2031 Over 5 years
- 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
- WEST SUSSEX COUNTY COUNCIL
- Contact Name
- James Skilling
- Contact Email
- james.skilling@westsussex.gov.uk
- Contact Phone
- +44 3302225432
Buyer Location
- Locality
- CHICHESTER
- Postcode
- PO19 1RQ
- Post Town
- Portsmouth
- Country
- England
-
- Major Region (ITL 1)
- TLJ South East (England)
- Basic Region (ITL 2)
- TLJ2 Surrey, East and West Sussex
- Small Region (ITL 3)
- TLJ27 West Sussex (South West)
- Delivery Location
- TLJ27 West Sussex (South West)
-
- Local Authority
- Chichester
- Electoral Ward
- Chichester Central
- Westminster Constituency
- Chichester
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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