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: