CM3159 Property Management Framework

The Framework will have an initial duration of four (4) years, with the option for the Client to extend the Framework by up to an additional four (4) years, resulting in a maximum total duration of eight (8) years. The extension may be exercised in increments determined by the Client, which may include, but are not limited to: A single extension of up to four (4) years; or Multiple shorter extensions (e.g. annual extensions), provided that the total framework duration does not exceed eight (8) years. The decision to extend the Framework will be at the sole discretion of the Yorkshire Water, and will be subject to considerations including (but not limited to): Continued business need and value for money Ongoing compliance with legal and regulatory requirements Satisfactory market conditions and competitiveness of the Framework The effectiveness of the Framework in delivering its intended outcomes The Client reserves the right not to exercise the extension option, or to extend the Framework for a reduced period, based on the above factors. Any extension will be communicated to all Framework suppliers in accordance with the terms of the Framework Agreement.