Published date: 19 December 2023
This notice was replaced on 19 December 2023
This notice does not contain the most up-to-date information about this procurement. The most recent notice is:
Opportunity (published 19 December 2023, last edited 5 January 2024)
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
Contract summary
Industry
Pension investment services - 66131100
Pension fund management services - 66141000
Property management services of real estate on a fee or contract basis - 70330000
Commercial property management services - 70332200
Location of contract
PO19 1RG
Value of contract
£10,000,000 to £15,000,000
Procurement reference
CF-0006200D24000000HFzAEAW
Published date
19 December 2023
Closing date
26 January 2024
Closing time
12pm
Contract start date
1 October 2024
Contract end date
30 September 2031
Contract type
Service contract
Procedure type
Competitive procedure with negotiation (above threshold)
Anyone may ask to participate, but only those who are pre-selected will be invited to submit initial tenders and to negotiate.
This procedure can be used for procurements above the relevant contract value threshold.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
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).
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 Effective Date shall be 01 October 2024 with a Service Commencement date of 01 January 2025.
The estimated value of the contract over the full term (initial period and extensions) is £15m.
The link below is for Atamis and the specific WSCC Atamis landing page. A user guide and FAQ section is on the website to ensure you encounter no issues.
https://atamis-7669.my.site.com/s/Welcome
About the buyer
Contact name
James Skilling
Address
West Street
Chichester
PO19 1RG
GB
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