Provision of Property Agent Services for Ofgem Office Lease Negotiation

About

Ofgem awarded a contract to Savills (Uk) Limited for property agent services to negotiate a lease between a landlord and their agent for potential new office space.

The scope included negotiating term length and break clauses, cost per square metre/foot, potential landlord incentives to signing an agreement, and landlord contributions to the fitout of the floor.

The supplier was required to provide technical advice on the option being proposed from the landlord and ensure value for money for Ofgem in any final lease agreement.

Part of the requirement was for the supplier to liaise with Ofgem's legal representatives to provide expert advice on lease arrangements.

The supplier also input into the Cabinet Office Property Controls requirement forms.

The contract value was AUD 30,000.