Award

P24-0061: Scottish Enterprise Investment Property Portfolio - Asset Management Contract

SCOTTISH ENTERPRISE

This public procurement record has 2 releases in its history.

Award

30 May 2024 at 13:52

Tender

29 Feb 2024 at 13:52

Summary of the contracting process

Scottish Enterprise is seeking a supplier to provide property management services for its investment property portfolio, valued at GBP153M. The contract, titled "P24-0061: Scottish Enterprise Investment Property Portfolio - Asset Management Contract," will commence on 1 July 2024, lasting for 4 years with the potential for two 1-year extensions. The total contract value ranges between GBP1,800,000 and GBP2,400,000 (excl VAT). The procurement stage is complete, and Colliers International Property Advisers UK LLP has been awarded the contract.

This contract presents an opportunity for businesses offering commercial property management services to compete for a significant contract with Scottish Enterprise. Companies specialising in property management, real estate services, and building surveying would be well-suited to bid. The contract is intended to support the effective management of Scottish Enterprise's diverse property assets, offering a substantial revenue opportunity for the successful supplier over the contract's potential 6-year duration.

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Notice Title

P24-0061: Scottish Enterprise Investment Property Portfolio - Asset Management Contract

Notice Description

Scottish Enterprise intends to undertake a competitive tendering process to appoint a supplier to provide the full range of property management services across its investment property portfolio. This portfolio, which is subject to regular change, was recently valued (September 2023) at GBP153M and comprises industrial buildings, offices, multi-occupancy business centres, science & technology parks, development land and other property interests. Full details of the contract opportunity can be found within the Invitation to Tender (ITT). Scottish Enterprise envisage that the contract will commence on 1 July 2024. The contract duration is 4 years, with the option to extend for 2 x 1-year periods, totalling 6 years overall. The estimated value of the contract over the full duration is anticipated as being between GBP1,800,000 and GBP2,400,000 (excl VAT).

Lot Information

Lot 1

Scottish Enterprise intends to undertake a competitive tendering process to appoint a supplier to provide the full range of property management services across its investment property portfolio. This portfolio, which is subject to regular change, was recently valued (September 2023) at GBP153M and comprises industrial buildings, offices, multi-occupancy business centres, science & technology parks, development land and other property interests. Full details of the contract opportunity can be found within the Invitation to Tender (ITT). Scottish Enterprise envisage that the contract will commence on 1 July 2024. The contract duration is 4 years, with the option to extend for 2 x 1-year periods, totalling 6 years overall. The estimated value of the contract over the full duration is anticipated as being between GBP1,800,000 and GBP2,400,000 (excl VAT). Additional information: Economic operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Renewal: The initial period of the contract will be for 4 years (48 months), with 2 x 1-year (12-month) optional extensions. The maximum duration is therefore 6 years (72 months).

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-044452
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/016906-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

70 - Real estate services

71 - Architectural, construction, engineering and inspection services


CPV Codes

70000000 - Real estate services

70100000 - Real estate services with own property

70130000 - Letting services of own property

70200000 - Renting or leasing services of own property

70220000 - Non-residential property renting or leasing services

70330000 - Property management services of real estate on a fee or contract basis

70332000 - Non-residential property services

70332200 - Commercial property management services

70332300 - Industrial property services

71315300 - Building surveying services

Notice Value(s)

Tender Value
£2,400,000 £1M-£10M
Lots Value
£2,400,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£1,950,390 £1M-£10M

Notice Dates

Publication Date
30 May 20241 years ago
Submission Deadline
2 Apr 2024Expired
Future Notice Date
Not specified
Award Date
15 May 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
SCOTTISH ENTERPRISE
Contact Name
Adam Cunningham
Contact Email
gordon.hutton@scotent.co.uk
Contact Phone
+44 1414686024

Buyer Location

Locality
GLASGOW
Postcode
G2 6HQ
Post Town
Glasgow
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM Scotland

Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Supplier Information

Number of Suppliers
1
Supplier Name

COLLIERS INTERNATIONAL PROPERTY ADVISERS

Open Contracting Data Standard (OCDS)

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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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