Cleeves Riverside Quarter Real Estate Advisory Services

AI-generated analysis of the documents. Check the official notice and any amendments for current submission details.

1. At a glance

Buyer Title CPV / category Estimated value Per-year Procedure type Lots Location Contract length Submission deadline Go-live / start |--------------------------------|------------------------------------------------|----------------|-----------------|----------|----------------|------|------------------------|------------------|-------------------------------|------------------| Limerick Twenty Thirty DAC Cleeves Riverside Quarter Real Estate Advisory Services not stated €70,000 not stated Open Procedure not stated Limerick City, Ireland not stated 29 June 2026 at 12:00 noon not stated

2. Scope of Work

The contractor will provide Real Estate Advisory Services for the Cleeves Riverside Quarter development in Limerick City. This project encompasses a former industrial mill complex with a total area of approximately 4.1 hectares. The contractor's role will involve strategic market advice, commercial analysis, and recommendations regarding the development, funding, and disposal strategies for various development zones within the site.

The scope of work is structured into three stages:

• Stage 1: Strategic Real Estate Advisory Services

• Market readiness assessment

• Valuation and market sounding

• Funding and delivery options analysis

• Recommendations for development strategies

• Stage 2: Optional Ongoing Advisory Support

• Continued advisory services following Stage 1 completion (no commitment required)

• Stage 3: Optional Disposal and Transaction Support Services

• Support for potential disposal, forward sale, or related transactions (no commitment required)

Key deliverables include:

• Comprehensive market analysis and investment structuring
• Recommendations for funding and delivery strategies
• Reports on stakeholder engagement and project readiness

The project aims to deliver approximately 234 residential units, 270 Purpose Built Student Accommodation (PBSA) bedspaces, commercial floorspace, and extensive public realm improvements, including Flaxmill Plaza and Quarry Park.

3. Background & buyer context

Limerick Twenty Thirty DAC (LTT) was established to facilitate urban regeneration projects in Limerick. The Cleeves Riverside Quarter project aligns with LTT's strategic objectives to unlock underutilized urban sites and attract investment. The procurement of advisory services is timely as LTT seeks to advance the planning and development of this significant regeneration site, which has been dormant since 2011. The project is part of a broader initiative to revitalize the area and enhance local economic growth.

4. Eligibility & selection criteria

Bidders must meet the following eligibility and selection criteria:

• Turnover requirement: Declaration confirming minimum average annual turnover of €1,000,000 over the previous three financial years.
• Insurance:
• Professional Indemnity: not specified
• Public Liability: not specified
• Employer's Liability: not specified
• Certifications: not specified for this tender.
• Past experience: not specified for this tender.
• Personnel: not specified for this tender.
• Geographic / facility constraints: Bidders must be located within a 15-minute walk radius of the site.

5. Award criteria & scoring

Bids will be evaluated based on the following criteria:

The evaluation will follow the Most Economically Advantageous Tender (MEAT) principle, with a minimum acceptable score of 50% required for each qualitative criterion.

6. Submission requirements

Bidders must submit the following documents:

• Method statement / response document: Follow the provided template, with a maximum of 5 pages for the methodology.
• CVs: Up to four named personnel, limited to 2 pages each.
• Pricing schedule: Complete Appendix 3 as per the specified format.
• Case studies: Up to three relevant project examples, with a maximum of 6 pages total.
• Declarations: Include ESPD, Bona Fides, Tax clearance, and Conflict of Interest declarations.
• Mandatory site visit: Not specified for this tender.
• Submission portal: Tenders must be submitted electronically via the eTenders portal.

7. Key dates & process

8. Contract terms that matter

Key contract terms include:

• Term + extension structure: Not specified for this tender.
• Payment terms: Payments will be based on the pricing schedule submitted.
• Key SLAs/KPIs: Not specified for this tender.
• Liquidated damages or penalty regimes: Not specified for this tender.
• Termination clauses: Not specified for this tender.
• IP ownership: Not specified for this tender.
• Sub-contracting rules: The successful Tenderer remains responsible for all services, including those delivered by subcontractors.

9. Risks, red flags & unusuals

Potential risks and concerns include:

• The turnover requirement of €1,000,000 may limit participation to established firms, potentially excluding smaller businesses.
• The geographic constraint of a 15-minute walk radius may restrict the pool of eligible bidders.
• The optional nature of Stages 2 and 3 may lead to uncertainty regarding future workload and revenue for the successful bidder.

10. SME fit assessment

Small and medium-sized enterprises (SMEs) that can credibly bid for this tender should have:

• Relevant experience in real estate advisory services, particularly in residential-led regeneration and mixed-use development.
• The capability to demonstrate compliance with the turnover requirement and insurance criteria.
• The potential for collaboration through consortia or subcontracting, as the tender allows for this structure.
• An indicative bid-preparation effort of approximately 10-15 days, considering the documentation and project examples required.

The presence of a significant turnover requirement and the strategic nature of the project may indicate a stronger position for larger firms or those with prior experience in similar public-sector projects.

11. Where to dig deeper

• Source RFT filename: Cleeves_Real Estate Advisory RFT_08.06.26.pdf
• eTenders CFT ID: not specified
• Contact email or clarification portal: eTenders messaging facility
• Important attachments:
• Appendix 1 - Project Information Memorandum
• Appendix 2 - Requirements & Specifications
• Appendix 3 - Pricing Schedule