Item - 2024.BA84.6
Tracking Status
- This item was considered by Bid Award Panel on June 19, 2024 and was adopted without amendment.
BA84.6 - Award of Doc4395121516 to CBRE Limited for the Asset Management Services and Solution Across all City Divisions for Corporate Real Estate Management
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Panel Decision
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.
$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.
Origin
Summary
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. |
Background Information
https://www.toronto.ca/legdocs/mmis/2024/ba/bgrd/backgroundfile-246510.pdf
Motions
Moved by David McLeod.
Vote (Adopt Item)
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Result: |
Majority Required |
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Yes: |
Leah Ross (Chair), David McLeod, Diana Santucci, Lena Dianda |
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No: |
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Absent: |
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