DfTc - Department for Transport · Awarded contract
Awarded

Provision of Lead Commercial Advisor for Lease Negotiations and Disposal of Motorway Service Areas Portfolio

Awarded 24 May 2023

View live tenders
Awarded24 May 2023
Value£90,000.00
SupplierCBRE Ltd
AgencyDfTc - Department for Transport
RegionUnited Kingdom
CategoryConsultancy & Legal
Ended 1y 6mo ago1y 12mo term
Awarded 24 May 2023Expired 14 May 2025

About

DfTc - Department for Transport awarded a contract to CBRE Ltd for strategic lease re-gear negotiations and disposal advice on a portfolio of 21 trading Motorway Service Areas across England's motorway network.

The contract commenced on 15/05/2023 and runs until 15/05/2025, with an option to extend for a further year.

It is billed on a time-cost basis, capped at a maximum fee of £90,000.00, with an additional success fee payable at legal completion of sales.

The procurement was conducted via a further competition under CCS Framework RM6168: Estate Professional Services, Lot 1 - Total Estate Management, and is governed by the terms and conditions of that framework.

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