Source: https://tendernation.io/opportunities/01a13cb3-f657-720a-a656-a6efc4c37861/awarded-contract-trcf3075-provision-of-a-lead-commercial-advisor-that-w

awarded GB open procedure

# \*\*\*\*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](https://tendernation.io/buyers/dftc-department-for-transport)

Estimated value

£90,000

Published

7 Jun 2023

Deadline

Closed

21 Apr 2023

## Who can bid

- Small contract value

    Valued under £135,018 including VAT, the lowest Procurement Act threshold for goods and services.
- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

## About this tender

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 Â£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.

## CPV classification

Real estate services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/3c7993ca-bae1-4d8b-a11d-c8aacfe6b36b)

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