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Bid Award Panel · 2024-06-19 · 2024.BA84.6

The filed record

Award of Doc4395121516 to CBRE Limited for the Asset Management Services and Solution Across all City Divisions for Corporate Real Estate Management

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The decision

2024-06-19 · Bid Award Panel · adopted

As filed

The Bid Award Panel adopted the following: 1. Bid Award Panel grant authority to award the contract in accordance with the Contract Details set out in the report (June 13, 2024) from the Chief Procurement Officer: Solicitation Number: Negotiated Request for Proposals Doc4395121516 Description: For the Asset Management Services and Solution for Corporate Real Estate Management Division for a period of five (5) years. Recommended Supplier: CBRE Limited Contract Award Value: $13,494,906 net of all applicable taxes and charges (Including contingency) $15,249,243 including Harmonized Sales Tax and all applicable charges.

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$13,732,416 net of Harmonized Sales Tax recoveries Contract is expected to start on the date of award and end on June 30, 2029. The above cost calculations for the fourth and fifth contract year reflect an estimated annual 3 percent increase as per the Consumer Price Index.

On the agenda

As the city filed it

Solicitation Issued: February 6, 2024 Solicitation Closed: March 18, 2024 Number of Addenda Issued: Six (6) Number of Bids: Two (2) Table 2: Summary of Bids Received CBRE Limited Norda Stelo.

Staff recommended

The Chief Procurement Officer recommends that the Bid Award Panel grant authority to award the following contract: Solicitation Number: Negotiated Request for Proposals Doc4395121516 Description: For the Asset Management Services and Solution for Corporate Real Estate Management Division for a period of five (5) years. Recommended Supplier: CBRE Limited Contract Award Value: $13,494,906 net of all applicable taxes and charges (Including contingency) $15,249,243 including Harmonized Sales Tax and all applicable charges.

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$13,732,416 net of Harmonized Sales Tax recoveries Contract is expected to start on the date of award and end on June 30, 2029. The above cost calculations for the fourth and fifth contract year reflect an estimated annual 3 percent increase as per the Consumer Price Index.

    On the record

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