Decision details

Approval of contract award for Property Investment Advisory Services following a mini competitive tender using the Property Panel (2014-18) OJEU Reference No. 2013/S 235-408288from the Housing and Communities Agency (HCA) framework.

RESOLVED:

That a contract is awarded to CBRE under the Homes and Communities Agency framework for three years from 1 September 2017 with an option to extend for one year.

Reason For Decision:

In March 2017 Cabinet set out its ambitions for the further growth of the Investment Portfolio and the procurement of a property investment advisor to provide the necessary skills and level of support required. The proposed procurement will support the Council to grow its portfolio and increase the level of income received from investments thereby enhancing its financial resilience over the longer term.

[The decisions on this item can be called in by the Corporate Services Select Committee]