Published date: 19 December 2023

Last edited date: 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.


Closing: 26 January 2024, 12pm

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 5 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 5 years in any combination.

The Contract Effective Date shall be 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

More information

Previous notice about this procurement

Property Investment Manager for West Sussex Pension Fund

  • Opportunity
  • Published 19 December 2023

About the buyer

Contact name

James Skilling

Address

West Street
Chichester
PO19 1RG
GB

Email

james.skilling@westsussex.gov.uk