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TED - Tenders Electronic Daily (Publications Office of the EU) verified 4 days ago Contract award

Portugal - Building review and recovery works - Public works contract for the full rehabilitation of 13 rent-free units in Lisbon, belonging to the property assets of IGFSS

Original Portugal - Obras de revisão e recuperação - Empreitada de obras públicas consubstanciada em obras de reabilitação integral de 13 frações, de renda livre, sitas em Lisboa, pertencentes ao património imobiliário do IGFSS

Awarded Portugal Construction work

Buyer Instituto de Gestão Financeira da Segurança Social, I.P.

€1.6M awarded value · €1,609,574

Key facts

Awarded
Estimated value
€1.7M
€1,728,040
Procedure
Open procedure
  1. Awarded
  2. Published
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Awarded to

LSM - Serviços e Manutenção, LDA.; Fraterna - Engenharia, Consultoria e Construção, LDA.

Awarded value
€1,609,574 7% under the estimate of the same lots
Award date
Bids received
4 over 3 lots
Record with this buyer
1 first contract from this buyer in the register

Summary

Machine-generated summary

The Instituto de Gestão Financeira da Segurança Social, I.P. awarded a public works contract for the full rehabilitation of 13 rent-free units in Lisbon forming part of its property assets. The works covered units in the parishes of Alvalade and Arroios, Areeiro, and Belém, Campo de Ourique and Estrela. The contract was awarded on 2025-03-13 to LSM - Serviços e Manutenção, LDA. and Fraterna - Engenharia, Consultoria e Construção, LDA. for EUR 1,609,573.82. The awarded price was 7% below the estimated value of EUR 1,728,040. The contract awarded status confirms the procedure has concluded.

Description

Empreitada de obras públicas consubstanciada em obras de reabilitação integral de 13 frações, de renda livre, sitas em Lisboa, pertencentes ao património imobiliário do IGFSS Empreitada de reabilitação das Frações sediadas nas freguesias de Alvalade e Arroios; Empreitada de reabilitação das Frações sediadas na freguesia do Areeiro; Empreitada de reabilitação das Frações sediadas nas freguesias de Belém, Campo de Ourique e Estrela

Official source

Source: TED - Tenders Electronic Daily (Publications Office of the EU)

Always verify details on the official notice.

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Last verified against TED - Tenders Electronic Daily (Publications Office of the EU) 4 days ago

What this buyer has paid before

Based on 6 comparable contracts this buyer awarded in this sector over the last 4 years.

This award
€1.6M
Estimated value
€1.7M
Median award
€671,539
Middle half of past awards
€555,601 to €1.1M

The award is larger than three in four past awards.

Most recent awards

Award values as published by the official sources. Use them as a guide, not a rule: scope, lots and duration differ between contracts.

Instituto de Gestão Financeira da Segurança Social, I.P.

Portugal

notices in the register
9
awards
8
awarded in total
€6.0M

Competition

tenders per lot on average (open and restricted procedures)
3.6
of those lots received a single tender
38%

As the official award notices state them, over the last 3 years. Tenders per lot count open and restricted procedures only: in a negotiated procedure or a direct award a single tender is the procedure itself. The country is the one the notice gives for the winner.

One dot per award, on the day it was signed, sized by its value. A ring is an award with no published value.

Recent awards

Market context

open now in Construction work
29,718
median open notice
€783,629

Who wins in this market

Many suppliers

Portugal · Construction work

different companies won awards here
2,303
of the awards went to the three most frequent winners
4%
buyers awarded contracts here
1,165

Based on 3,755 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.

Competition

tenders per lot on average (open and restricted procedures)
4.9
of those lots received a single tender
13%
of the awards went to companies based in another country
1%
of the tenders came from another country
2%

As the official award notices state them, over the last 3 years. Tenders per lot count open and restricted procedures only: in a negotiated procedure or a direct award a single tender is the procedure itself. The country is the one the notice gives for the winner.

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