Provision of Estates Management Professional Services for ESPO

About

ESPO awarded a contract to AA Projects Ltd, Align Property Partners Ltd, APB (Leicester) LLP, Archus Limited, Ardent Management Limited, Aspinall Verdi Limited, Aspire Compulsory Purchase LLP, Banks Long & Co Limited, and Bruton Knowles LL for a national framework agreement for the provision of estates management consultancy services relating to the use, management, acquisition, disposal and development of land and property, and associated services.

The framework covers eight lots: fixed asset valuation, rating valuation, general valuation, commercial agency, agricultural agency, lease management, property/estate management, strategic asset management and development consultancy, compulsory purchase and compensation, workplace and workspace management, and planning consultancy.

All service providers are required to confirm that reports and recommendations will be approved by a member of the Royal Institution of Chartered Surveyors (Lots 1-7) or Royal Town Planning Institute (Lot 8), or a relevant professional body of equivalent standing.

ESPO will monitor the financial stability of the awarded service providers during the framework period by reference to credit ratings agency reports, with the right to suspend or permanently remove providers based on significant changes in credit scores.

ESPO will also monitor performance against framework KPIs, including the delivery of social value to customers.

The framework agreement has the option to extend for up to a further 24 months, and the total estimated value stated includes the option period.

The contract value is AUD 160,000,000.