Contract notice
Section I: Contracting
authority
I.1) Name and addresses
Wyre Forest District Council
Wyre Forest House, Finepoint Way
Kidderminster
DY11 7WF
UK
Contact person: Jackie Reed
Telephone: +44 1562732928
E-mail: procurement@wyreforestdc.gov.uk
NUTS: UKG
Internet address(es)
Main address: https://www.wyreforestdc.gov.uk
Address of the buyer profile: https://www.wyreforestdc.gov.uk
I.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge at:
https://procontract.due-north.com
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be sent electronically to:
https://procontract.due-north.com
I.4) Type of the contracting authority
Regional or local authority
I.5) Main activity
General public services
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Contract for Asset Purchase and Sale Investment Advice and Asset Portfolio Management Service for North Worcestershire District Councils (Redditch, Bromsgrove and Wyre Forest)
Reference number: DN376749
II.1.2) Main CPV code
70300000
II.1.3) Type of contract
Services
II.1.4) Short description
Wyre Forest District Council on behalf of the 3 North Worcestershire Councils, comprising Redditch Borough Council, Bromsgrove District Council and Wyre Forest District Council wish to appoint a contractor who will be able to source and introduce them to new property investment opportunities; and to provide them with advice on any opportunities that might be introduced to the Councils from another third party; and support them in determining which acquisitions would be appropriate for their portfolios and to proceed with such acquisitions. The Councils will require the contractor to give them assurance that acquisitions are in conformity with the Councils’ investment strategies and in compliance with the Government Statutory Guidance on Local Government Investments (February 2018).
II.1.5) Estimated total value
Value excluding VAT:
300 000.00
GBP
II.1.6) Information about lots
This contract is divided into lots:
No
II.2) Description
II.2.3) Place of performance
NUTS code:
UKG
II.2.4) Description of the procurement
Wyre Forest District Council on behalf of the 3 North Worcestershire Councils, comprising Redditch Borough Council, Bromsgrove District Council and Wyre Forest District Council (“The Councils”) wishes to appoint a contractor to provide a service to advise on the purchase of revenue generating investments that meet the Councils’ adopted strategies (supporting economic growth and regeneration) and as part of the Councils’ medium term financial strategies to build their respective portfolios of assets that will provide a sustainable long term revenue stream to support the continued delivery of each of the Councils’ services to their residents.
The Councils wish to appoint a Contractor who will be able to source and introduce them to new investment opportunities; and to provide them with advice on any opportunities that might be introduced to the Councils from another third party; and support them in determining which acquisitions would be appropriate for their portfolios and to proceed with such acquisitions. The Councils will require the contractor to give them assurance that acquisitions are in conformity with the Councils’ investment strategies and in compliance with the Government Statutory Guidance on Local Government Investments (February 2018).
Further, the Councils want the Contractor to manage the assets within their respective existing and developing portfolios in order to ensure that at all times the portfolios are delivering the best performance obtainable of them, in both revenue and capital growth terms, whilst observing the security and liquidity guidance from Government. The Councils expect that the Contractor will be able to advise on the local, regional and national sector investment markets and when it would be appropriate to dispose of an asset. The Councils want a Contractor to work closely with their estates and legal teams and any appointed property management company to ensure that the asset is well managed and maintained and that the administration and renewal of the leases is optimised.
II.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
II.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months: 24
This contract is subject to renewal: No
II.2.9) Information about the limits on the number of candidates to be invited
II.2.10) Information about variants
Variants will be accepted:
No
II.2.11) Information about options
Options:
No
II.2.12) Information about electronic catalogues
Tenders must be presented in the form of electronic catalogues or include an electronic catalogue
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
No
IV.2) Administrative information
IV.2.2) Time limit for receipt of tenders or requests to participate
Date:
17/12/2018
Local time: 12:00
IV.2.4) Languages in which tenders or requests to participate may be submitted
EN
IV.2.7) Conditions for opening of tenders
Date:
17/12/2018
Local time: 12:00
Place:
Wyre Forest House.
Section VI: Complementary information
VI.1) Information about recurrence
This is a recurrent procurement:
No
VI.4) Procedures for review
VI.4.1) Review body
Wyre Forest District Council
Wyre Forest House, Finepoint Way
Kidderminster
DY11 7WF
UK
E-mail: procurement@wyreforestdc.gov.uk
Internet address(es)
URL: http://www.wyreforestdc.gov.uk/
VI.5) Date of dispatch of this notice
14/11/2018