Published date: 19 July 2023
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Business services: law, marketing, consulting, recruitment, printing and security - 79000000
Location of contract
United Kingdom
Value of contract
£99,500
Procurement reference
MANC001-DN672752-69154249
Published date
19 July 2023
Closing date
16 June 2023
Closing time
5pm
Contract start date
27 July 2023
Contract end date
1 June 2024
Contract type
Service contract
Procedure type
Other
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
Yes
Description
This City is a housing development company created by Manchester City Council with the aim to accelerate the number of new homes for Manchester people. Schemes developed through This City will focus on high quality, zero-carbon homes and will deliver a mix of accessible rent and market homes. The first development site on Rodney St. in Ancoats is set to deliver 128 new homes and is scheduled to break ground in the summer of 2023. Future ambitions for This City is to scale up and develop 500 new homes a year.
To realise the future ambitions, MCC engaged PwC in the summer of 2022 to support and develop an outline Investment Memorandum (IM) with an initial focus to propose a commercial structure to secure an investment partner for This City to develop a group of sites yielding upwards of 1200 new homes referred to as phase 2 development . The initial phase of the IM, completed by PwC, included workshops with MCC councillors and executives to establish and set strategic objectives for partnership, engage with potential partners from different investor profiles to test their appetite to enter a process in principle and propose a commercial structure that aligned with feedback.
Following the work in this initial stage, stage 1, a preferred commercial partnership structure was formed that will guide how the investment partnership will be developed in stage 2.
This City and its sole shareholder MCC, wish to receive a proposal and quotation to complete two further stages (stage 2 and stage 3) of the IM.
Award information
Awarded date
7 July 2023
Contract start date
27 July 2023
Contract end date
1 June 2024
Total value of contract
£99,500
This contract was awarded to 1 supplier.
PricewaterhouseCoopers LLP UK
Address
1 Embankment Place
London
WC2N 6RHReference
None
Supplier is SME?
No
Supplier is VCSE?
No
About the buyer
Contact name
Georgia Richardson
Address
Floor 5 (Mount Street Elevation)
Town Hall Extension, Albert Square
Manchester
M60 2LA
England
georgia.richardson@manchester.gov.uk
Website
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Closing: 16 June 2023, 5pm
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