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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 00:00

OJEU - F3 - Contract Award Notice
Tender

13 Sep 2024 at 01:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The Development Bank of Wales (DBW) is seeking suppliers to undertake property legal services, classified under the economic affairs and finance industry categories. Located in Wrexham, DBW launched this open procedure tender on 13th September 2024, with the tender period ending on 14th October 2024. The contract has been divided into three lots: Lot 1a for loans up to £250k, Lot 1b for loans between £250k and £1m, and Lot 1c for loans over £1m. Each lot includes specific requirements such as certificate of title, valuation report reviews, pre-completion searches, and more, with an award period starting on 14th October 2024 and contract commencement from 26th November 2024 to 25th November 2026, with options for renewal in 24-month increments up to 8 years. The contract has been awarded and signed, with various SMEs and large corporations securing contracts, including JCP Solicitors, Geldards LLP, and Hugh James.

This tender creates substantial opportunities for businesses, particularly legal firms specialising in property services and those experienced in handling different loan sizes and complex transactions. SMEs will find particular advantages in competing for smaller lots, while larger firms can leverage their resources for more extensive services. With the inclusion of community benefits and alignment with DBW’s mission of economic development, participating businesses can significantly enhance their market presence and contribute to regional growth. Firms looking to expand in Wales or solidify their footprint in the property legal sector will find this tender particularly lucrative.

How relevant is this notice?

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-kuma6s-144533
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=144533
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award 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
Not specified
Contract Period
26 Nov 2024 - 25 Nov 2026 1-2 years
Recurrence
2034

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Not Specified
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

JCP Solicitors

JNP LEGAL LIMITED

AGRI ADVISOR LEGAL LLP

Hugh James

ACUITY LAW LIMITED

Browne Jacobson LLP

Clarke Willmott LLP

DARWIN GRAY LLP

Geldards LLP

Capital Law Limited

BERRY SMITH LLP

HCR Legal LLP

Le Gros Solicitors

Further Information

Notice Documents

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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