Decision details

Appointment of Citicentric Chartered Surveyors for Friary Centre Phase 2 Rent Review (via Mini-Competition under Valuation Framework)

Decision Maker: Assistant Director: Assets and Property

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

A mini competition was held to obtain competitive quotes for surveyors to act on behalf of the Council in the ‘Phase 2’ rent review dated 15/01/24 under the Head Lease of The Friary Centre. This rent review is concerned with the office building 1 Onslow St which is part of the Friary Centre leasehold demise, currently held by property investment firm M&G (formally: Carraway Guildford (Nominee A) Ltd & Carraway Guildford (Nominee B) Ltd))
Of the five Framework suppliers contacted for the tender only four responded. One supplier was conflicted as it acts for the leaseholder M&G on the lettings of these offices, and another chose not to provide a fee quote.
Of the two suppliers that did provide fee quotes their tender returns were scored 70% on price and 30% on expertise and experience (based on a written submission, and scored against a set criteria).
Citicentric provided the lowest fee quote and scored highest on their expertise amongst the two tenders. They did specify that their fee quote didn’t include a measured survey of the property, but they have now provided a capped quote for this survey (if required) which forms part of the Contract Value listed above.

Reasons for the decision:

N/A

Alternative options considered:

None

Source of Authority to take Decision:

Council’s 21/7/2023 Constitution Part 3, Page 3-42 Para 2(c).

Publication date: 03/04/2024

Date of decision: 28/03/2024