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Property Legal Services

Development Bank of Wales

This public procurement record has 2 releases in its history.

Award

05 Dec 2024 at 13:54

Award Notice
Tender

13 Sep 2024 at 11:58

Tender Notice
Summary of the contracting process

The Development Bank of Wales (DBW), a wholly owned subsidiary of the Welsh Government, is currently seeking suppliers to provide property legal services. The tender, titled "Property Legal Services," falls under the Legal services industry category (CPV: 79100000) and is part of the services procurement category. This open tender process is active, with a deadline for submissions on 14th October 2024. The contract period will start on 26th November 2024 and end on 25th November 2026, with potential extensions up to 8 years in 24-month increments. Suppliers can bid for lots including loan sizes up to GBP 250,000 (Lot 1a), between GBP 250,000 and GBP 1 million (Lot 1b), and over GBP 1 million (Lot 1c).

This tender presents significant opportunities for business growth, especially for legal firms proficient in property-related services. Small and medium-sized enterprises (SMEs) with a nimble structure suitable for varying loan sizes are especially well-placed to compete. The contract mandates deliveries across various locations in the UK, offering extensive regional engagement. The criteria for selection, including technical evaluations and price considerations each weighted at 50%, ensure that competitive pricing and high-quality service are critical for success. Given DBW's track record in mobilising substantial economic development in Wales, participating in this tender could provide valuable long-term business opportunities for capable legal service providers.

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Notice Information

Notice Title

Property Legal Services

Notice Description

DBW are looking for suppliers to undertake Property legal services

Lot Information

Lot 1a loan sizes up to 250k

This lot is for loan services up to a value of GBP250,000. Suppliers will be required to provide Certificate of title (template) Review valuation report carry out pre-completion searched Deal with completion monies draft and register charge (template) at Companies House and HMLR

Renewal: this contract will be extended for a further 8 years in 24 month increments

Lot 1b Loan value between 250k to 1m

loan sizes of GBP250k to GBP1m (commercial) or GBP1.5m (residential) services will include Certificate of title (template) Review valuation report carry out pre-completion searches deal with completion searches deal with completion monies draft and register charge (template) at Companies House and HMLR Review and build contract and associated collateral warranty (template)

Renewal: option to extend for 8 years in 24 month increments

Lot 1c loan size over 1m

Services required Certificate of title (template) including review of planning permission Review valuation report carry out pre-completion searches deal with completion searches deal with completion monies draft and register charge (template) at Companies House and HMLR Review of build contract and associated collateral warranty (template) review appointments and Collateral Warranties (template) for contractors and consultants

Renewal: option to extend for 8 years in 24 month increments

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-049aab
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/039242-2024
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, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79100000 - Legal services

79111000 - Legal advisory services

Notice Value(s)

Tender Value
£5,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£550,000 £500K-£1M

Notice Dates

Publication Date
5 Dec 20241 years ago
Submission Deadline
14 Oct 2024Expired
Future Notice Date
Not specified
Award Date
3 Dec 20241 years ago
Contract Period
26 Nov 2024 - 25 Nov 2026 1-2 years
Recurrence
2034

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Development Bank of Wales
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WREXHAM
Postcode
Not specified
Postcode Area
Not specified
Country
Not specified
Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
Not specified
Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

Supplier Information

Number of Suppliers
13
Supplier Names

ACUITY LAW LIMITED

AGRI ADVISOR LEGAL LLP

Berry Smith

Browne Jacobson LLP

CAPITAL LAW LIMITED

CLARKE WILLMOTT LLP

Darwin Gray LLP

Geldards LLP

HCR LEGAL LLP

Hugh James

JCP Solicitors

JNP LEGAL LIMITED

Le Gros Solicitors

Further Information

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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