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Official procurement procedure

Essex Renewal Fund Services - Fund and Asset Management

Portfolio management services
Research and development consultancy services
East of England (UKH3)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Essex County Council: "Essex Renewal Fund Services - Fund and Asset Management". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityEssex County CouncilScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: Essex County Council
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for Essex County Council. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Average Price Reduction
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
5.8Bids / Report
13.5% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 284 active published awards; 282 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Price reduction compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityEssex County Council
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published22 Apr 2025, 15:55 BST
Last source update22 Apr 2025, 15:55 BST
Recurring procurementNot published
ClassificationPortfolio management services, Research and development consultancy services
Delivery area
East of England (UKH3)
OCIDocds-h6vhtk-04a4c4
What is being bought
Essex 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.
What changed
From the official release history
  1. tender value changed
    22 Apr 2025, 15:55 BST
  2. Status changed to complete
    22 Apr 2025, 15:55 BST
  3. Official notice release published
    22 Apr 2025, 15:55 BST
  4. Submission deadline changed to published date
    22 Apr 2025, 15:55 BST
  5. Published value updated to £2,500,000
    1 Oct 2024, 16:01 BST
  6. Status changed to active
    1 Oct 2024, 16:01 BST
  7. Official notice release published
    1 Oct 2024, 16:01 BST
  8. Submission deadline changed to 11 Nov 2024, 12:00 GMT
    1 Oct 2024, 16:01 BST
  9. Buyer information updated
    1 Oct 2024, 16:01 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    Essex 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.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    22 Apr 2025, 15:55 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 31 Mar 2025, 00:00 BST · £1,350,406
Commercial outcome and competition
Awards
Montagu Evans LLP
Not published · Not published · active
Contracts
Contract
£1,350,406 · signed 31 Mar 2025, 00:00 BST · active
Bid statistics
bids: 2 (lot 1)
electronicBids: 2 (lot 1)
foreignBidsFromEU: 0 (lot 1)
foreignBidsFromNonEU: 2 (lot 1)
smeBids: 0 (lot 1)
Buyer and organisations in this procedure

Essex County Council

Contracting authority GB-FTS-4622
View buyer profile

  • Essex County Council
    buyer

    County Hall, Market Road, Chelmsford, UKH3, CM1 1QH
    joshua.carter@essex.gov.uk
    +44 333

  • High Court
    reviewBody

    Royal Courts of Justice, The Strand, London, WC2A 2LL

  • Montagu Evans LLP
    supplier

    70 St Mar Axe, London, UKH3, EC3A 8BE
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published