Published date: 30 October 2019

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 12 April 2019

Contract summary

Industry

  • Construction work - 45000000

Location of contract

North East

Value of contract

£1,800,000 to £25,000,000

Procurement reference

C-011360

Published date

30 October 2019

Closing date

12 April 2019

Contract start date

1 October 2019

Contract end date

30 September 2024

Contract type

Works

Procedure type

Competitive procedure with negotiation (above threshold)

Anyone may ask to participate, but only those who are pre-selected will be invited to submit initial tenders and to negotiate.

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

Newcastle Council wishes to invite organisations to finance, design and build and fit out new homes on specific sites and to certain standards and specification which the Council will lease back for a set period of time under an Annuity Lease Back Model 'ALBM',. At the end of this period of time all property and assets will revert back to Council ownership. By leasing the properties back to the Council the partner will secure a long term fixed return for the investment.
There are 199new homes (including Assisted Living apartments, Tyneside flats and bungalows) on 8 ites across the city envisaged for inclusion. This will deliver older persons housing, and an assisted living scheme.

More information

Previous notice about this procurement

Housing Annuity Leaseback Model Phase 2

  • Opportunity
  • Published 6 March 2019

Award information

Awarded date

17 October 2019

Contract start date

18 October 2019

Contract end date

30 September 2024

Total value of contract

£22,481,981

This contract was awarded to 1 supplier.

TOLENT CONSTRUCTION LIMITED

Address

Ravensworth House
NE11 0HF
GB

Reference

Companies House number: 02450574

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Chris Rush

Address

Commisioning and Procurement, Civic Centre
Newcastle
NE1 8QH
England

Email

chris.rush@newcastle.gov.uk