Decision

1. Proceeding to procurement for housing management services for Bromley owned housing portfolio via a compliant open tender be approved. The estimated annual value being £2m with the contract to commence from 1 April 2024 for a ten-year term (with the option to extend for a further five years) at an estimated whole life value of £30m.
2. It be noted that, as per the previous report to Executive there are resource requirements that will be built up as part of the 2024/25 budget process in order to meet the Council’s statutory obligations in relation to stock ownership and affordable housing management.
3. For the Beehive Scheme, following receipt of specialist legal and financial advice it be approved to proceed on the recommendation detailed for the future management of the portfolio, as set out in paragraphs 3.11 – 3.17 of the report.