Apr 17, 2018 - Since January 2015, the tier 1 property managers (Cushman & Wakefield, CBRE, GVA Grimley, JLL, Knight
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Property Management Custom Analysis Based on data from January 2015 – April 2018 23 April 2018 Tussell uses public sector information (a) licensed for use by the UK Government under the Open Government Licence v3.0 and/or (b) from the EU Tenders Electronic Daily website licenced for re-use by the European Commission. This information remains the copyright of the UK Government and European Commission respectively.
Joel Pearce
Gus Tugendhat
Head of Research &
Founder
Partnerships
[email protected]
[email protected]
+44 770 398 9433
+44 203 887 3591
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As of 23 April 2018 there are 19 open tenders worth £1.9B in the Real Estate Services sector
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Since January 2015, the tier 1 property managers (Cushman & Wakefield, CBRE, GVA Grimley, JLL, Knight Frank and Savills) have won 288 awards worth £93M and been listed on 197 frameworks with an estimated value to them of £235M
A framework is an agreement between a contracting authority and supplier(s) establishing the terms of future procurement “call-offs”. The overall value listed on a framework is the maximum that could be issued over its lifetime and is not guaranteed. Our estimate comes from dividing this overall value equally between the suppliers on the agreement.
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CBRE leads the pack based on award value, having won awards with a lifetime value of £32M or 34% of the total value issued. Savills has the highest estimated framework value, with £102M or 43% of the total estimated value
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The top 10 buyers account for 60% of the total award value and 91% of the total estimated framework value issued to the tier 1 property managers
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6 of the top 10 contracts were frameworks which accounted for 90% of the total estimated framework value issued. Half of the top 10 contracts went to a single supplier
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As of 23 April 2018, 85 awards worth £24M currently held by the tier 1 property managers are due to expire. Giving you the opportunity to build your pipeline and challenge the incumbents
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