Our New Managing Agent
By Nige
on Tue 25 Jun 2024
at 16:11
Type: Page
Since we have now agreed a timeline for an orderly handover with Bloor Homes (BH) and FirstPort (FP), we need to look for a new Managing Agent (MA) that can look after the day to day running of the Management Company (MC). That means they will maintain The Dovecote on our behalf, hopefully without taking us to the cleaners!
As a result, we have initiated a formal process to select an appropriate MA, using two primary documents that provide a structure for this selection process and articulate what residents are looking for in an MA.
Invitation To Tender (ITT)
The ITT sets out framework in which residents will select a new MA. It articulates what potential MAs need to do to register their interest, the questions that they need to answer and the format of their official tender response.
The ITT has been developed specifically to support this MA selection exercise.
Requirements Definition (RD)
The RD sets out the specifics of what residents need from working with a prospective MA.
The RD has been drafted to reflect our best view of our requirements, but will be maintained moving forward, so that we can reflect lessons we learn in working with Managing Agents.
Potential Managing Agents
We have a list of about 15 potential MAs, which we have collated through contacts in the industry.
We have attempted to contact every MA and ask them whether they may be interested in submitting a tender. We accept that not every MA will be interested in submitting a tender, due to locality, size or business cirumstances, but it maximises our opportunity of getting the very best deal.
Timeline to Select a New Managing Agent
