Venue: Microsoft Teams Meeting. View directions
Contact: Carol Eddleston, Senior Democratic Services Advisor
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Apologies for absence |
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Declarations of interest |
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To approve, as a correct record, the minutes of the meeting held on 11th March 2021 |
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Matters arising |
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Decision items - Part 1 (open to the public) |
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Decision: Salford City Council - Record of Decision
I Councillor Hinds, Lead Member for Finance and Support Services and chairman of the Procurement Board, in exercise of the powers contained within the Council Constitution do hereby approve the award of the contract as outlined in the table below:
The Reasons for the tender are that the buildings require a best in class approach to management to secure the best covenant of occupier for the building to ensure the property is a success. The management of Grade A office space is a specialist area and is provided by a small number of consultants within the property market.
Options considered and rejected were:
1. Extend the current arrangements The buildings are currently managed by Knight Frank ( 1 & 2 New Bailey) under an existing 3 year appointment which has now reached the end of its term and CBRE 100 Embankment, under a temporary appointment that was made prior to the practical completion of the building. Both these arrangements no longer meet procurement rules and as such have been re tendered.
2. Bring the management in house The management of Grade A office space is a specialist area and SCC do not have the in-house capability to deliver this service. Further more the appointment of an external manging agent reduces the costs and risks associated with these services to SCC
The financial risk to the Council is mitigated by the fee for the property management services being recoverable from the occupiers of the two buildings as part of the building service charge. Over 65% of the costs of the management fee for 2 New Bailey Square are already covered as a result of the lettings which have taken place in that building to date. As yet, no occupiers are confirmed for 100 Embankment so all the running costs are payable by the Council. However, as the building does not have tenants, the full suite of services is not being provided so the running costs will be reduced until tenants take ... view the full decision text for item 5a |
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Any other business - Part 1 (open to the public) |
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Date and time of next meeting 10:00am on Wednesday 21st April via MS Teams Live. |