--- title: "Commercial Property Consultants to undertake a review of Sandwell's Commercial Property Estate" ocid: "ocds-b5fd17-3f0ee05f-0d00-4861-b467-5c8a69c6a6da" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-3f0ee05f-0d00-4861-b467-5c8a69c6a6da" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-3f0ee05f-0d00-4861-b467-5c8a69c6a6da.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-3f0ee05f-0d00-4861-b467-5c8a69c6a6da.json" source: "Contracts Finder" current_stage: "Tender" buyer: "SANDWELL METROPOLITAN BOROUGH COUNCIL" published: "2023-01-30" --- # Commercial Property Consultants to undertake a review of Sandwell's Commercial Property Estate Buyer: SANDWELL METROPOLITAN BOROUGH COUNCIL Current stage: Tender OCID: ocds-b5fd17-3f0ee05f-0d00-4861-b467-5c8a69c6a6da [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-3f0ee05f-0d00-4861-b467-5c8a69c6a6da) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-3f0ee05f-0d00-4861-b467-5c8a69c6a6da.json) ## Summary The Sandwell Metropolitan Borough Council is seeking Commercial Property Consultants to undertake a review of its commercial property estate. The Council aims to enhance value through redevelopment or active estate management, in line with its new Corporate Asset Management Strategy. The procurement is at the Tender stage, with a closing date of Friday 24 February 2023 at 15:00 hrs. The contract period is set to start on 3 March 2023 and end on 31 March 2024. The procurement method is an Open Procedure (below threshold) for business development consultancy services in the West Midlands, United Kingdom. This tender presents an opportunity for commercial property consultancy firms with knowledge of the West Midlands property market to contribute to enhancing value for Sandwell MBC. Businesses involved in research, development consultancy, and commercial property management services are well-suited to compete. The contract period offers an opportunity for business growth and collaboration with the Council in achieving its asset management objectives, resulting in potential long-term partnerships and continued business development in the region. ## Notice Commercial Property Consultants to undertake a review of Sandwell's Commercial Property Estate SMBC owns a significant portfolio of commercial property investments and it wishes to undertake a review of these to establish what opportunities exist to enhance value (income or capital) through redevelopment or through more active estate management. To undertake this review, it wishes to appoint an experienced commercial property consultancy with intimate knowledge and experience of the West Midlands property market. The Council has recently adopted a new Corporate Asset Management Strategy. This sets out a plan for the more effective use of its operational and commercial property assets. There is a particular need to reduce costs and also to enhance income streams. As part of this it needs to look carefully at its commercial property portfolio with a view to identifying opportunities to enhance value. The Council manages the portfolio in-house. Whilst this is a cost-effective way of delivering day-to-day property management, the in-house team do not have the level of exposure to the local property market that a good local agent would have, or the exposure to national operators or to the investment & funding market that a large firm of property consultants would have. It is hoped that by engaging the help of an experienced consultancy with local & regional agency experience and with investment, funding and estate management experience, opportunities to enhance value can be identified. The Council will be using the In-tend e-Tendering System for this Procurement exercise, please visit https://in-tendhost.co.uk/sandwellmbc to access the Sandwell MBC In-tend Supplier Portal. From here you will be able to register your company, express an interest in the opportunity, and gain immediate access to Quotation or other related documents. To submit a quotation you will be required to 'Opt In'. For a Step by Step user guide to the Sandwell MBC In-tend Supplier Portal please click on the 'Guidance for Suppliers' section of the website. All procurement responses must be carried out via the Sandwell MBC In-tend Supplier Portal. If you require further assistance in respect of the system please contact the In-tend support team on 0844 272 8810. Closing date: Friday 24 February 2023 at 15:00hrs Additional information: Is a Recurrent Procurement Type? : No ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/58f7ca4b-eb8d-4fb6-b2c3-d85448a6f979 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (below threshold) | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 30 Jan 2023 | | Submission deadline | 24 Feb 2023 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 3 Mar 2023 - 31 Mar 2024 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | SANDWELL METROPOLITAN BOROUGH COUNCIL | | Locality | WEST MIDLANDS | | Post town | Birmingham | | Postcode | B69 3DB | | Country | England | | ITL 1 | TLG West Midlands (England) | | ITL 2 | TLG3 West Midlands | | ITL 3 | TLG37 Sandwell | | Local authority | Sandwell | | Electoral ward | Oldbury | | Westminster constituency | West Bromwich | | Delivery location | TLG West Midlands (England) | ## CPV Codes ### Divisions - 70 - Real estate services - 73 - Research and development services and related consultancy services - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 70332200 - Commercial property management services - 73200000 - Research and development consultancy services - 79411100 - Business development consultancy services ## Release History - 30 Jan 2023 at 12:23 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/58f7ca4b-eb8d-4fb6-b2c3-d85448a6f979 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/58f7ca4b-eb8d-4fb6-b2c3-d85448a6f979 30th January 2023 - Opportunity notice on Contracts Finder - https://in-tendhost.co.uk/sandwellmbc/aspx/ Additional information on how to apply for this contract ## Notice URLs - https://in-tendhost.co.uk/sandwellmbc ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-3f0ee05f-0d00-4861-b467-5c8a69c6a6da. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-3f0ee05f-0d00-4861-b467-5c8a69c6a6da.json.