Property and Asset Management Services

Background The Buckinghamshire Council is looking to procure property and asset management services for its owned estate. The existing contract expires in March 2024, and in order to mitigate disruption of business this process is expected to run between July and November 2023. The initial intention is to follow the Open Procedure – this is subject to change depending on further market analysis and procurement strategy. The Council aims to introduce enhancements to the existing contract by means of competitive tender. The aim is to award the contract to the solution offering best value for money for service delivery, but also improve contract management and overall service performance. The successful delivery of this investment will require a high quantity of high-quality professional services across a wide range of disciplines. The value of the contract has been estimated at approximately £1,000,000 per annum, as follows: • Property and Asset Management Services: £650,000 pa • Strategic Asset Management and Consultancy: £350,000 pa • Special projects (subject to projects being approved): £1,500,000 (during contract term) The initial contract term is expected to be 4 years, with an option to extend for 3 periods of 12 months. For avoidance of doubt, this PIN is not a call for competition.