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****AWARDED CONTRACT**** TRCF3075: Provision of a Lead Commercial Advisor that will provide advice on the lease negotiations and disposal of the Motorway Service Areas portfolio

DfTc - Department for Transport Published 7 Jun 2023 Contracts Finder
The value below is a framework or dynamic market ceiling: the maximum that could be spent across all call-offs, not the value of a single contract. Aggregate figures on this site exclude these to avoid double counting.

key details

Value£90,000
Statuscomplete
Category (CPV) 70000000
RegionNorth East, North West, Yorkshire and the Humber, East Midlands, West Midlands, East of England, London, South East, South West
Deadline21 Apr 2023
Contract start25 May 2023
Contract end15 May 2025
SME suitableNo
OCIDocds-b5fd17-3c7993ca-bae1-4d8b-a11d-c8aacfe6b36b

Award

SupplierValueDateStatus
CBRE Ltd £90,000 14 May 2023 active

description

The Department for Transport (the 'Department') requires strategic lease re-gear negotiations and disposal advice from a commercial property agent on a series of lease re-gears and disposal of a portfolio comprising 21 trading Motorway Service Areas (MSAs) located across England's motorway network.

This contract is awarded to CBRE Ltd to provide such services over the period commencing on the 15/05/2023, until 15/05/2025, with an option to extend for a further year.

The contract will be billed on a time-cost basis, capped to a maximum fee of £90,000.00 over the duration of the contract. An additional success fee will be provided at the legal completion of sales.

This procurement was conducted via a further competition, by means of CCS Framework RM6168: Estate Professional Services, Lot 1 - Total Estate Management. The contract is therefore governed by the terms and conditions of said framework.

notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
7 Jun 2023 Award (award) · 95dc06e6-21ba-414c-aa2e-8913434f503d-651641

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