ISI – Property Management – Property Management Services to the Insolvency Service of Ireland
Department of Justice and Equality
The number of Bankruptcy cases in Ireland to date has been very small.
However, as a result of recent legislative reform it is anticipated that there will be a significant increase in cases in the near future. Most estimates put the figure above 1 000 per annum over the next few years. Many cases will involve rented properties which will require some degree of management until they are sold by the Official Assignee or re-possessed by the mortgagee. The extent of the service required will depend on whether or not a functioning property. The successful Tenderer will be required to manage rental properties which have vested in the Official Assignee following the bankruptcy of an individual, for the benefit of the bankrupt's estate. In other cases where there is no property management company or that company is insolvent a more extensive service may by required.
In any particular case the length of time for which the service is required will depend on whether or not the property is in negative equity. If the property is in negative equity then the Official Assignee will remain in possession of the property (and entitled to collect rents) until the mortgagee appoints a Receiver or otherwise goes into possession. If there is equity in the property the Official Assignee will seek to sell the property as soon as possible but will collect the rent until the sale is concluded.
The successful Tenderer will be required to manage rental properties which have vested in the Official Assignee following the bankruptcy of an individual, for the benefit of the bankrupt's estate.
The time limit for receipt of tenders was 2014-05-26. The procurement was published on 2014-04-10.
Who? What?- • Miscellaneous business and business-related services › Collection agency services
- • Non-residential property services › Commercial property management services
- • Property management services of real estate on a fee or contract basis › Residential property services
- • Renting or leasing services of own property › Non-residential property renting or leasing services
- • Renting or leasing services of own property › Residential property renting or leasing services
| Date | Document |
|---|---|
| 2014-04-10 | Contract notice |
Object
Scope of the procurement
Title: Residential property renting or leasing services
Notice metadata
Original language: English 🗣️
Document type: Contract notice
Nature of contract: Services
Regulation: European Union
Common procurement vocabulary (CPV)
Code: Residential property renting or leasing services 📦
Procedure
Procedure type: Open procedure
Type of bid: Submission for one lot only
Award criteria
Lowest price
Contracting authority
Identity
Country: Ireland 🇮🇪
Awarding authority type: Ministry or any other national or federal authority
Awarding authority name: Department of Justice and Equality
Postal address: 94 St Stephen's Green
Postal code: 2
Postal town: Dublin
Contact
E-mail: dtfitzpatrick@justice.ie 📧
Phone: +353 16028202 📞
Reference
Dates
Date dispatched: 2014-04-10 📅
Submission deadline: 2014-05-26 📅
Publication date: 2014-04-15 📅
Identifiers
Notice number: 2014/S 074-128186
OJ-S issue: 74
Additional information
Object
Scope of the procurement
Short description:
Title of the lot: Rent Collection and Property Management Services to the Insolvency Service of Ireland
Procedure
Tender opening date: 2014-05-26 📅
Contracting authority
Contact
Contact point: Declan Fitzpatrick
Source: OJS 2014/S 074-128186 (2014-04-10)