Published date: 20 December 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.


Closing: 31 January 2025, 12pm

Contract summary

Industry

  • Property management services of real estate on a fee or contract basis - 70330000

Location of contract

United Kingdom

Value of contract

£700,000 to £900,000

Procurement reference

TOWER001-DN756506-66535138

Published date

20 December 2024

Closing date

31 January 2025

Closing time

12pm

Contract start date

7 April 2025

Contract end date

6 April 2029

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

The main objective of this procurement exercise is to appoint an accredited and qualified Chartered Surveying firm to provide estate management professional services support to the Council's Asset Management team. The service requirements are broken down as follows.

Lot 1 - General Estate Management Activities (Estimated Value - £790,000)

This lot will primarily focus on lease renewals and rent reviews including the option to procure other services including;

• Agency and lease management
• Surveying and strategic advice
• Estate, asset and property management
• Rent reviews lease breaks & lease expiries
• Lease renewals & lease regear
• Lease consents
• Lease surrender & regrant
• Dilapidations
• Wayleaves & easements
• Licences for alteration and landlords consent

Currently individual instructions are raised via RFQ to a variety of suppliers for distinct pieces of work. In some circumstances these will be bundled. In order to reduce future contact administration Asset Management are looking to appoint a single supplier to undertake all instructions.

Lot 2 - Estate Management Activities relating to Ben Jonson Road and shops at Mile End
(Estimated Value - £100,000)

• General estate management and advice including service charge management and collection, rental management and collection and ad hoc advice relating to the leases. The Council will retain the right to request support with the lettings of property where required.

About the buyer

Contact name

Ade Adesina

Address

New Town Hall
160 Whitechapel Road London
London
E1 1BJ
United Kingdom

Telephone

+44 2073644099

Email

ade.adesina@towerhamlets.gov.uk

Website

http://www.towerhamlets.gov.uk