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Decision details

Award of New Contract to External Agents to Manage the Investment Property Portfolio

Decision Maker: Cabinet Member for Finance and Council Reform

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

Summary of Decision

The Cabinet Member for Finance and Council Reform has approved the award of a new contract to Avison Young from 05 April 2023 for four years to 05 April 2027, with an option to extend for a further two years, with a maximum end date of 05 April 2029.

 

Reasons for Decision 

This decision will ensure the continued management of the Council’s Property Investment Portfolio whilst also ensuring improved service delivery and value for money by way of a robust contract specification and detailed set of key performance indicators with penalty provisions for non-performance.

 

Publication date: 08/02/2023

Date of decision: 08/02/2023

Effective from: 16/02/2023

Accompanying Documents: