Sample Control 1207:
Balanced approach to letting and managing asset management contracts

The approach to letting and managing contracts for asset management activities includes:

  • Price increases limited to inflation (using the RICS Building Cost Information Service indices as the basis)
  • Varying contract terms as necessary, using Regulation 72 of the Public Contracts Regulations 2015
  • Allowing contractors to exercise a break clause (to avoid the disputes that arise when a contractor is tied to an unsustainable contract).