Official UK procurement notice
Essex Renewal Fund Services - Fund and Asset Management
Authority: Essex County Council (Local council)
What is being bought
Published requirement descriptionEssex County Council is seeking external support to provide up to ten years (five initial years with options to extend) of fund and asset management services, leading on fund acquisitions and disposals for the Essex Renewal Fund.
The Essex Renewal Fund (“ERF”) is a revolving investment fund supporting the delivery of new homes and jobs. It does this through land and property projects that the market wouldn’t deliver – or, may not deliver to such high standards. It is important that the Fund has a catalytic impact beyond projects that it delivers directly, by building confidence in Essex places and markets. This requires careful fund and asset management, underpinned by robust market intelligence and sound real estate consultancy.
The fund, supporting ECCs commitment to good jobs, future growth and investment, green growth and levelling up the economy, has a number of portfolio and project-level controls to adhere to. It also has an existing portfolio of three commercial properties and will be supported by an internal term alongside fund and project related external consultants.
CPV: Portfolio management services · Research and development consultancy services
The lotProcurement structure
single lot · value publishedLot #1AwardedRenewalPublished value£2,500,000
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Published award criteria (3)
- Quality: 55
- Social Value: 5
- Price: 40
- Suitability
In relation to conditions for participation section III of the notice, the stated selection criteria is as stated in the procurement documentation.
- Staff
- Names and qualifications of delivery staff must be submitted
- Price carries 40 of 100 points: a 10% discount moves about 4 points. The method statement decides this lot, not the discount.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Open procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 1 Oct 2024, 16:01 BST
- Last source update
- 22 Apr 2025, 15:55 BST
- Award evaluation window
- 11 Nov 2024 – …
- Authority reference
DN660817- FTS notice number
2025/S 000-016310- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-04a4c4Find a Tender
- Performance terms
In relation to conditions for participation section III of the notice, the stated selection criteria is as stated in the procurement documentation.
Publisher note: 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. Candidates are welcome to bid for either single or multiple lots of this procurement. Candidates are advised this procurement will be conducted via the Council's e-tendering portal, ProContract, which can be accessed via the following website: https://procontract.due-north.com/Login Please register for a user account to gain access to the procurement documentation for this opportunity. The Council envisages that this procurement will be published on the aforementioned esourcing portal on Tuesday 1st October 2024 . However, the Council reserves the right to postpone the publication in order to ensure suitable assurance that the tender documents are fit for purpose. Once the procurement is published a corresponding advertisement will be available via the Council's e-tendering portal, ProContract to enable prospective bidders to access, view and respond to this opportunity.
How it was run
Official notice- Submission deadline
- 11 Nov 2024, 12:00 GMT
- Submission channel
- {"electronicSubmission"}
- Accepted languages
- en
- Bid validity
- 180 days from the deadline
- Bids opened
- 11 Nov 2024, 12:00 GMT
Timeline
11 Nov 2024 → 22 Apr 2025 · 3 dates- Submission deadline11 Nov 2024, 12:00 GMT
- Bids opened11 Nov 2024, 12:00 GMT
- Notice published22 Apr 2025, 15:55 BST
Notice history
1 event · 2 releases on Find a Tender- Status changed to complete22 Apr 2025, 15:55 BST
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Montagu-Evans LLP | £1,350,406 † | — | Awarded |
Contracts
Contract 016310-2025-1 · Montagu-Evans LLP
- Signed
- 31 Mar 2025
- Value
- £1,350,406
- Status
- active
Bid statistics published by the authority
| Bids | SME | VCSE | Valid bid range |
|---|---|---|---|
| 2bids · 2 electronic · 2 from abroad | 0 | — | — |
Contracting authority & participating public bodies
Dispute resolution & review bodies
- High CourtReview body
Bidders & participating suppliers
1 commercial party on the notice- Montagu Evans LLPAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria