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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.