Published date: 10 March 2021

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: 9 April 2021, 12pm

Contract summary

Industry

  • Construction work - 45000000

  • Real estate services - 70000000

  • Development services of real estate - 70110000

    • Buying and selling of real estate - 70120000

    • Residential property services - 70331000

    • Non-residential property services - 70332000

    • Housing services - 70333000

    • Construction-related services - 71500000

Location of contract

IP1 2BX

Value of contract

£750,000,000

Procurement reference

CD1286

Published date

10 March 2021

Closing date

9 April 2021

Closing time

12pm

Contract start date

1 March 2022

Contract end date

28 February 2037

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?

No

Description

Suffolk County Council (the 'Council') has the ambition of delivering residential development in Suffolk. In order to realise this ambition, the Council is seeking to procure a private sector partner ('PSP') with whom to establish a 50:50 joint venture ('JV') development vehicle.

The JV will be responsible for delivering multiple residential development schemes throughout Suffolk. The Council will commit sites to the JV for development and may also provide funding via loans or equity contributions.

It is anticipated that the PSP will provide funding and services to the JV. Such services may include (amongst others) construction services and development management services.

Following development, individual residential units or development parcels will be marketed and sold. Profits from the JV will be distributed to the Council and the PSP based on their equity holdings.

More information

Links

Additional text

This opportunity is available in the `Current Tenders` area of www.suffolksourcing.uk.

Interested parties are invited to express their interest in order to gain full access to the tender documentation

Is a Recurrent Procurement Type? : No

About the buyer

Contact name

Martin Jennings

Address

Russell Road
Ipswich
Suffolk
IP1 2BX
United Kingdom

Telephone

+44 1473260450

Email

martin.jennings@suffolk.gov.uk

Website

https://www.suffolk.gov.uk/business-jobs-and-careers/tenders-and-supplying-us/