Published date: 17 January 2025
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Real estate services - 70000000
Location of contract
Any region
Value of contract
£9,052,204
Procurement reference
tender_359022/1438284
Published date
17 January 2025
Closing date
27 June 2024
Closing time
12pm
Contract start date
1 March 2025
Contract end date
28 February 2029
Contract type
Service contract
Procedure type
Call-off from a framework agreement
A mini-competition or direct purchase from a pre-established framework agreement.
Contract is suitable for SMEs?
No
Contract is suitable for VCSEs?
No
Description
EPS encompasses activities related to the oversight and control of real estate and covers a diverse range of services. Service requirements comprise of two categories: core and non-core. Core services are those that have a foreseeable demand which is driven by the size and nature of the estate. These services are to be delivered by the supplier, unless relevant exceptions apply, such as conflicts of interest. These services include but are not limited to general estate duties, property management, asset management, data management and reporting and financial services/ treasury function. The non-core services are those that are required on an ad-hoc demand basis and are typically driven by individual project requirements. The supplier will be instructed to deliver these services, as and when required. These services include but are not limited to valuations, rent reviews, disposals, acquisitions, dilapidations, and specialist advice.
The contract is for an initial 4 year term, with the option to extend for a period of up to two years.
The value associated with this contract is for the maximum contract term (4+2 years) and covers both the core and non-core service elements.
Award information
Awarded date
18 December 2024
Contract start date
1 March 2025
Contract end date
28 February 2029
Total value of contract
£9,052,204
This contract was awarded to 1 supplier.
Cushman & Wakefield Debenham Tie Leung Limited
Address
125 Old Broad Street, London, United Kingdom, EC2N 1AR
Reference
Companies House number: 02757768
Supplier is SME?
No
Supplier is VCSE?
No
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Closing: 27 June 2024, 12pm