Published date: 7 July 2023

Last edited date: 7 August 2023

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 11 August 2023, 5pm

Contract summary

Industry

  • Financial and insurance services - 66000000

Location of contract

Yorkshire and the Humber

Value of contract

£12,000,000 to £19,200,000

Procurement reference

PMC070723

Published date

7 July 2023

Closing date

11 August 2023

Closing time

5pm

Contract start date

16 October 2023

Contract end date

15 October 2028

Contract type

Service contract

Procedure type

Competitive dialogue (above threshold)

Tenders are invited from pre-qualified suppliers after discussion of requirements and potential solutions.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

Yes

Description

The University is seeking an investment partner to co-fund a new student accommodation construction project in the city of York, North Yorkshire. As well as sharing the financial burden of investing in the project, the partner will share in the longer term income generated by this property.

The preferred approach to funding the project is a Contractual Joint Venture (JV), which we consider provides the best balance between cost and benefit whilst remaining affordable and banking covenant compliant. However, this approach would depend upon identifying a suitable and capable partner to collaborate with us in delivering the project on terms to be determined through a competitive tender process.

In order to achieve the best overall solution for our requirement, a Selection Questionnaire is first being issued. This is to facilitate the identification of the very best potential bidders, of which it is anticipated that no more than 5 will be invited to progress in the procurement process.

Select bidders will then participate in a competitive dialogue, with strictly limited scope for negotiation. The majority of the tender specification will not be open to discussion, as the requirement, the design and contractor for the work are all well established.

The only elements of the tender that will remain open to negotiation will be those which pertain to the amount of investment that the bidder wishes to contribute, the value of the return they expect to receive and the arrangements and timing for exiting the investment.

All submissions must be sent via email to procurement@yorksj.ac.uk by 17:00 on August 11th to be taken into consideration.

More information

Previous notice about this procurement

Student Accommodation Contractual Joint Venture

  • Future opportunity
  • Published 31 May 2023

Attachments

Links

About the buyer

Contact name

Paul Revell

Address

Lord Mayors Walk
YORK
YO317EX
England

Telephone

+441904876553

Email

procurement@yorksj.ac.uk

Website

www.yorksj.ac.uk