Request for Quotation for the Provision of a Real Estate Development Advisor to the Council

Tender description

Bury Council is seeking to appoint the continuation of a Real Estate Development Advisor to provide technical development support to the Council in bringing forwards key development opportunities. The Council’s current contract for this service has now expired and there is a need for its continuation, hence offering this opportunity out. • Detailed knowledge of the North-West real estate market. • Direct experience of taking sites out to the market to secure development. • Fundamental understanding of development economics and how these apply to public land being primed for development. • Evidence of comprehensive experience of negotiating land and property agreements with developers. • Detailed ability to review and advise the Council on development appraisals. • An in-depth understanding of overage agreements, and a capability to critically assess the costs and values supplied by the developer in relation to the overage agreement and to propose a negotiating position for the Council. • Detailed understanding of the capability of the Council and other public bodies to provide funding to support development schemes (Subsidy Control and the broad principles of public investment). The initial contract period will commence on 1st March 2024 to 28th February 2025 with an option to extend for two further 12-month periods until 28th February 2027. Closing time and date for quotation submissions: No later than 12.00 noon on Monday 5th February 2024 Keywords: Consultancy, Real Estate