Property Investment Management Watford

Property Investment Management Watford

The Council wishes to ensure a balance of risk through diversity and to improve the income received by the Council.

United Kingdom-Watford: Commercial property management services

2016/S 080-141339

Contract notice

Services

Directive 2014/24/EU

Section I: Contracting authority

I.1)Name and addresses

Watford Borough Council
Town Hall
Watford
WD17 3EX
UNITED KINGDOM
Contact person: Corporate Procurement Manager
Telephone: +44 1923278370
E-mail: howard.hughes@watford.gov.uk
NUTS code: UKH23Internet address(es):Main address: https://www.watford.gov.ukAddress of the buyer profile: https://www.watford.gov.uk
I.2)Joint procurement

I.3)Communication

The procurement documents are available for unrestricted and full direct access, free of charge, at: http://www.delta-esourcing.com/tenders/UK-UK-Watford:-Commercial-property-management-services./6Y4GB8733S
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be submitted electronically via: http://www.delta-esourcing.com/tenders/UK-title/6Y4GB8733S
Tenders or requests to participate must be submitted to the abovementioned address

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:

Property Investment Management.

II.1.2)Main CPV code

70332200

II.1.3)Type of contract

Services

II.1.4)Short description:

Management and Development of the Council’s investment property portfolio as described in each Lot below. The portfolio in total is worth approx. 105 000 000 GBP. The Council wishes to ensure a balance of risk through diversity and to improve the income received by the Council.

II.1.5)Estimated total value

Value excluding VAT: 2 000 000.00 GBP

II.1.6)Information about lots

This contract is divided into lots: yes
Tenders may be submitted for all lots
The contracting authority reserves the right to award contracts combining the following lots or groups of lots:

The Authority will not be awarding contracts for all 3 Lots — either the Authority will award a single contract for Lot 3 or will enter into 2 contracts for Lots 1 and 2.

II.2)Description

II.2.1)Title:

Core Investment Portfolio

Lot No: 1

II.2.2)Additional CPV code(s)

70332200

II.2.3)Place of performance

NUTS code: UKH23
NUTS code: UK
Main site or place of performance:

Hertfordshire, United Kingdom.

II.2.4)Description of the procurement:

A portfolio with a nominal value of 85 000 000 GBP producing a rent roll of 5 250 000 GBP, which includes the INTU Shopping Centre and Charter Place in Watford. This portfolio excludes the Council’s interests in Watford Business Park (see Lot 2). Further information is set out in the tender documents available as set out in Section I.3) above.

II.2.5)Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents

II.2.6)Estimated value

Value excluding VAT: 1 600 000.00 GBP

II.2.7)Duration of the contract, framework agreement or dynamic purchasing system

Duration in months: 60
This contract is subject to renewal: yes
Description of renewals:

An option on the part of the Council to renew / extend the contract for a further period of up to 60 months.

II.2.9)Information about the limits on the number of candidates to be invited

Envisaged minimum number: 5
Maximum number: 7
Objective criteria for choosing the limited number of candidates:

In accordance with regulations 57 and 58 of the Public Contracts Regulations 2015 and in accordance with the pre-qualification questionnaire.

II.2.10)Information about variants

Variants will be accepted: no

II.2.11)Information about options

Options: yes
Description of options:

The Council will have an option to extend / renew as above.

II.2.12)Information about electronic catalogues

II.2.13)Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information
II.2)Description

II.2.1)Title:

Watford Business Park

Lot No: 2

II.2.2)Additional CPV code(s)

70332200

II.2.3)Place of performance

NUTS code: UKH23
NUTS code: UK
Main site or place of performance:

Hertfordshire, United Kingdom.

II.2.4)Description of the procurement:

This portfolio includes the Council’s interests in Watford Business Park only. The Council own the freehold of this 67 acre site which is valued at approximately 15 000 000 GBP. Geared ground rents currently provide the Council with an income of approximately 650 000 GBP per annum. Further information is set out in the tender documents available as set out in Section I.3) above.

II.2.5)Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents

II.2.6)Estimated value

Value excluding VAT: 400 000.00 GBP

II.2.7)Duration of the contract, framework agreement or dynamic purchasing system

Duration in months: 60
This contract is subject to renewal: yes
Description of renewals:

An option on the part of the Council to renew / extend the contract for a further period of up to 60 months.

II.2.9)Information about the limits on the number of candidates to be invited

Envisaged minimum number: 5
Maximum number: 7
Objective criteria for choosing the limited number of candidates:

In accordance with regulations 57 and 58 of the Public Contracts Regulations 2015 and in accordance with the pre-qualification questionnaire.

II.2.10)Information about variants

Variants will be accepted: no

II.2.11)Information about options

Options: yes
Description of options:

The Council will have an option to extend / renew as above.

II.2.12)Information about electronic catalogues

II.2.13)Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information
II.2)Description

II.2.1)Title:

Core Investment Portfolio and Watford Business Park

Lot No: 3

II.2.2)Additional CPV code(s)

70332200

II.2.3)Place of performance

NUTS code: UKH23
NUTS code: UK
Main site or place of performance:

Hertfordshire, United Kingdom.

II.2.4)Description of the procurement:

Lot 3 is for bidders who wish to bid for both Lots 1 and 2 — the Council will be interested in any economies of scale resulting from such an approach. The description for Lot 3 is therefore the same as the description for both Lots 1 and 2.

II.2.5)Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents

II.2.6)Estimated value

Value excluding VAT: 2 000 000.00 GBP

II.2.7)Duration of the contract, framework agreement or dynamic purchasing system

Duration in months: 60
This contract is subject to renewal: yes
Description of renewals:

An option on the part of the Council to renew / extend the contract for a further period of up to 60 months.

II.2.9)Information about the limits on the number of candidates to be invited

Envisaged minimum number: 5
Maximum number: 7
Objective criteria for choosing the limited number of candidates:

In accordance with regulations 57 and 58 of the Public Contracts Regulations 2015 and in accordance with the pre-qualification questionnaire.

II.2.10)Information about variants

Variants will be accepted: no

II.2.11)Information about options

Options: yes
Description of options:

The Council will have an option to extend / renew as above.

II.2.12)Information about electronic catalogues

II.2.13)Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information

Section III: Legal, economic, financial and technical information

III.1)Conditions for participation

III.1.1)Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers

List and brief description of conditions:

Suppliers must be registered with the Royal Institute of Chartered Surveyors (RICS).

III.1.2)Economic and financial standing

Selection criteria as stated in the procurement documents

III.1.3)Technical and professional ability

Selection criteria as stated in the procurement documents
III.1.5)Information about reserved contracts
III.2)Conditions related to the contract
III.2.1)Information about a particular profession

III.2.2)Contract performance conditions:

As stated in the invitation to tender.

III.2.3)Information about staff responsible for the performance of the contract

Obligation to indicate the names and professional qualifications of the staff assigned to performing the contract

Section IV: Procedure

IV.1)Description

IV.1.1)Type of procedure

Restricted procedure
IV.1.3)Information about a framework agreement or a dynamic purchasing system
IV.1.4)Information about reduction of the number of solutions or tenders during negotiation or dialogue
IV.1.6)Information about electronic auction

IV.1.8)Information about the Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: no
IV.2)Administrative information
IV.2.1)Previous publication concerning this procedure

IV.2.2)Time limit for receipt of tenders or requests to participate

Date: 23/05/2016
Local time: 12:00
IV.2.3)Estimated date of dispatch of invitations to tender or to participate to selected candidates

IV.2.4)Languages in which tenders or requests to participate may be submitted:

English

IV.2.6)Minimum time frame during which the tenderer must maintain the tender

Duration in months: 4 (from the date stated for receipt of tender)
IV.2.7)Conditions for opening of tenders

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no

VI.2)Information about electronic workflows

Electronic payment will be used

VI.3)Additional information:

The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement. The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out in the procurement documents available as set out in I.1) above.

Expressions of Interest for this opportunity must be submitted, including a completed online questionnaire via the procurement portal. The portal includes further information about the project. Suppliers should read through this set of instructions and follow the process to respond to this opportunity.

The information and documents for this opportunity are available on: https://www.delta-esourcing.com

You must register on this site to respond, registration is free, if you are already registered you will not need to register again, simply use your existing username and password. Please note there is a password reminder link on the homepage.

Suppliers must log in, go to your Response Manager and add the following Access Code: 6Y4GB8733S.

Please allow sufficient time when responding prior to the closing date and time shown on the portal as you have been asked to complete an online questionnaire and to upload documents. Late submissions cannot be uploaded and will not be accepted.

If you experience any technical difficulties please contact the Delta eSourcing help desk on 0845 270 7050 or email helpdesk@delta-esourcing.com

For more information about this opportunity, please visit the Delta eSourcing portal at: https://www.delta-esourcing.com/tenders/UK-UK-Watford:-Commercial-property-management-services./6Y4GB8733S

To respond to this opportunity, please click here: https://www.delta-esourcing.com/respond/6Y4GB8733S

GO Reference: GO-2016420-PRO-8093795.

VI.4)Procedures for review

VI.4.1)Review body

Watford Borough Council
Town Hall
Watford
WD17 3EX
UNITED KINGDOM
Telephone: +44 193278370
E-mail: howard.hughes@watford.gov.ukInternet address:https://www.watford.gov.uk
VI.4.2)Body responsible for mediation procedures
VI.4.3)Review procedure
VI.4.4)Service from which information about the review procedure may be obtained

VI.5)Date of dispatch of this notice:

20/04/2016

 

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