Official UK procurement notice
Princes Exchange, Leeds – Managing Agent & Estate Management Services
Authority: NETWORK RAIL INFRASTRUCTURE LIMITED (Central government)
What is being bought
Published requirement descriptionNetwork Rail Infrastructure Limited is undertaking a Preliminary Market Engagement (PME) to inform a potential future procurement for the provision of estate management and managing agent services at Princes Exchange, Leeds.
Princes Exchange is a multi-tenanted, Grade A commercial office building currently undergoing refurbishment and, on completion, is expected to provide approximately 94,000 sq. ft. of modern office accommodation across multiple floors. The building will comprise a mix of rail occupier space and commercial office accommodation, supported by shared amenities including reception, business lounge and café facilities.
Through this PME, Network Rail is seeking to engage with the supply market to better understand market capability, delivery models and commercial approaches for managing agent and estate management services within a comparable multi-tenant commercial office environment.
The potential scope of services may include, but is not limited to:
- Property and estate management services
- Tenant and occupier engagement and relationship management
- Facilities management coordination, including oversight of hard and soft FM services delivered by third-party providers
- Supplier and contract management, including management of third-party service providers
- Service charge administration, budgeting and financial reporting
- Health, safety and statutory compliance management
- Performance monitoring, reporting and governance
The appointed managing agent (subject to any future procurement) would be expected to act on behalf of Network Rail in delivering the day-to-day operational management of the building, ensuring it is managed safely, efficiently and in compliance with all relevant statutory and regulatory requirements, while delivering a high-quality occupier experience.
The services relate to the provision of managing agent and estate management functions. Delivery of operational facilities management services (including, but not limited to, cleaning, security, maintenance and utilities) is not expected to form part of the managing agent contract and may be procured separately.
Network Rail is seeking feedback from the market on:
- Typical delivery models and organisational structures for services of this nature
- Allocation of responsibilities between managing agents and specialist subcontractors
- Commercial models, pricing structures and value-for-money considerations
- Innovation, digital solutions and opportunities to enhance occupier experience
- Market capacity and appetite to deliver services of this scale and specification
- Key risks, challenges and opportunities associated with delivering these services
This Preliminary Market Engagement is being conducted for information-gathering purposes only. It does not constitute a call for competition, a procurement, or any commitment by Network Rail to undertake a procurement exercise.
Network Rail has not yet determined the final route to market and may consider a range of compliant procurement approaches in accordance with the Procurement Act 2023 and internal governance requirements.
Participation in this PME will not confer any advantage or disadvantage in any subsequent procurement process.
CPV: Building and facilities management services · Facilities management services · Non-residential property services · Property management services of real estate on a fee or contract basis
The lotProcurement structure
single lot · no lot value publishedPipeline intelligence · planning stage: how this market runs before the tender is published
How NETWORK RAIL INFRASTRUCTURE LIMITED buys Property management services of real estate on a fee or contract basis (CPV 7033), and who usually turns up
NETWORK RAIL INFRASTRUCTURE LIMITED’s own published record, next to the published market for the same work. Frameworks and DPS are kept out: they attract a different number of bids. Whole-market view: Property management services of real estate on a fee or contract basis (CPV 7033) →
How the contest usually goes
Winner shares use published awards; bid and price charts use contested lots.
i
How often small and medium firms win.
Share of awards where the winner’s size is known.
The counts under this question show how many awards have a known supplier size.
Small firms have won here. Neither number says whether you qualify; it describes who has been winning.
i
How often local firms win similar work.
Winners with a registered address in the delivery region, out of awards with a known address.
Here, local means registered in Yorkshire and the Humber.
A local branch does not count if the registered address is elsewhere.
Most of this buyer’s recorded winners are registered outside Yorkshire and the Humber.
i
How long buyers here take to decide after bids close.
Middle value in days from the deadline to the first award notice, on competitions that published both dates.
Only decided tenders count, so slow ones still waiting are not in.
Half of these awards were announced within 148 days of the bid deadline.
i
How often work is awarded with no recorded rival.
Direct awards and tenders where every published lot count shows one bid.
Both shares are minimums: some awards have no bid count.
Thin markets produce this too; it is not proof of a tailored specification.
Direct awards or one recorded bid are common here. Check the route before spending time on a bid.
How many bids did past lots attract?
i
How many bids past lots received.
Each colour is a bid-count range. Only competed lots with a published count are included.
Past bids do not predict this tender.
1 bid13% / 20%
2–350% / 20%
4–638% / 40%
7+0% / 20%
How did awards compare with estimates?
i
Where winning prices landed against estimates.
Each colour shows awards below, close to or above the published estimate, one lot at a time.
Past prices are a guide, not a bid price.
Below estimate83% / 40%
Within ±2%0% / 20%
Above estimate17% / 40%
Assess each lot i
What past awards tell you about each lot.
See the forecast, this buyer’s earlier suppliers and firms with relevant wins.
No supplier is confirmed as a bidder.
i
What past awards tell you about each lot.
See the forecast, this buyer’s earlier suppliers and firms with relevant wins.
No supplier is confirmed as a bidder.
Open a lot for its forecast, this buyer’s previous supplier and possible competitors, from published award history, not a bid list
Lot #1CPV 7033Published estimate£650k
i
How many bids this lot may attract.
The forecast uses similar past competitions. The bar shows either that forecast or past bid counts; the line below says which.
Each lot shows its own forecast based on its own category; forecasts for different lots of the same notice are not comparative. The bar shows 10 past lots.
A forecast, not a list of bidders.
1 bid10%
2–330%
4–640%
7+20%
i
Where the award price may land.
The forecast uses similar awards and the buyer’s estimate. The band covers the middle half of likely prices.
No comparable awards for this lot yet.
A statistical guide from past awards, not a price to bid.
Who has supplied this buyer on similar work? i
Who has done similar work for this buyer.
Past contracts are matched by buyer, title and type of work.
A past supplier may not bid again.
i
Who has done similar work for this buyer.
Past contracts are matched by buyer, title and type of work.
A past supplier may not bid again.
No earlier contract of this buyer matches this lot on the published record.
Who could compete for this lot? i
Who could compete for this lot?
Firms with relevant past wins. On a framework, we show firms on that agreement.
None is confirmed as a bidder.
i
Who could compete for this lot?
Firms with relevant past wins. On a framework, we show firms on that agreement.
None is confirmed as a bidder.
Candidate suppliers for this notice have not been worked out yet, so this is not a verdict that nobody fits.
About this data
- Source. Official UK public procurement notices (Find a Tender), reused under the Open Government Licence v3.0. New notices arrive through the day; the figures are rebuilt nightly.
- Two views, kept apart. The authority’s own track record and the wider market for the same kind of work sit side by side and are never mixed. Where the local picture is too thin, a figure widens to a broader market and says which one it used.
- Forecasts are labelled. The price forecast and its range, possible competitors and the earlier-work matches are our estimates from past awards: not published facts, not win chances and not price advice. Official notices do not say who is bidding.
- Every figure shows what it rests on. Not every notice publishes a bid count, a value or a delivery region, so each figure carries the number of records behind it, and one built on few records is marked as such. The on a figure explains it; the counting rules are in the methodology. Spotted something wrong? Tell us.
Procedure terms & legal framework
From the official record- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Planned procurement
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Utilities
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 21 Apr 2026, 17:34 BST
- Last source update
- 21 Apr 2026, 17:34 BST
- Authority reference
Project_45918- FTS notice number
2026/S 000-036338- Latest notice
- Preliminary market engagement notice (UK2)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0687e8Find a Tender
How it was run
Official notice- Submission deadline
- —
Timeline
21 Apr 2026 → 1 Jan 2027 · 4 dates- Planning notice published184 days ago21 Apr 2026, 17:34 BST
- Market engagement169 days ago6 May 2026, 23:59 BST
The Preliminary Market Engagement (PME) will be conducted through a structured questionnaire issued as part of the Market Engagement documentation. Interested organisations are invited to review the Market Engagement documentation and complete the Market Engagement Response Template (Annex A), providing responses to the questions set out within the document.
The Market Engagement documentation can be accessed via Network Rail’s sourcing platform (Bravo): networkrail.bravosolution.co.uk/web/login.html ↗
To access the documents, select “View Current Opportunities” and locate the opportunity titled “Princes Exchange – Estate Management and Managing Agent Services”.
There is no requirement to register or log in to access the documents.
Completed responses should be submitted via email to the contact address provided within the Market Engagement documentation by 06th May 2026.
Any clarification questions should be submitted via the contact email address detailed within the documentation. Responses will be recorded in an anonymised clarification log and published via updates to the opportunity listing and associated documents on the Bravo platform. Interested organisations are responsible for reviewing the opportunity listing for any updates.
No supplier briefing events are currently planned as part of this engagement.
Participation in this engagement is voluntary and is for information-gathering purposes only. It will not form part of any future procurement process.
- Tender notice expected145 days ago30 May 2026, 23:59 BST
- Today22 Oct 2026
- Contract startsin 70 days1 Jan 2027
Notice history
1 event · 1 release on Find a Tender- Preliminary market engagement notice published21 Apr 2026, 17:34 BSTUK2
Commercial outcome & contract awards
Pipeline notice- Awards (0)
- No award published
- Contracts (0)
- No contract published
- Bid statistics
- No aggregate bid statistics published
Contracting authority & participating public bodies
Official documents & specifications (1)
Official links; attachments are not copiedNotices published for this procedure
- Preliminary market engagement notice Preliminary market engagement notice on Find a Tender