Published date: 12 August 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.
Contract summary
Industry
Construction work - 45000000
Location of contract
England
Value of contract
£150,000,000 to £2,000,000,000
Procurement reference
PENDL001-DN560191-17054467
Published date
12 August 2021
Closing date
13 September 2021
Closing time
5pm
Contract start date
1 January 2022
Contract end date
31 December 2031
Contract type
Works
Procedure type
Negotiated procedure
Contract is suitable for SMEs?
No
Contract is suitable for VCSEs?
No
Description
The Borough Council of Pendle (The Council) is seeking to establish a long term partnership through the creation of a Joint Venture Development Company (JV) with a private sector organisation or consortium to contribute to the regeneration and economic growth of the Borough of Pendle.
It is envisaged that the Council will, where it is applicable and at the agreement of both partners, transfer sites to the JV for development at an independently assessed value.
The initial development opportunities will be in Nelson, in particular the delivery of projects arising from Nelson Town Deal www.nelsontowndeal.co.uk. A Town Investment Plan was submitted in February 2021 to the Ministry of Housing, Communities and Local Government seeking £29.9m of investment with the intention that this would lever in a further £40m from public and private sector sources. A Heads of Terms offer for £25m has now been received and the Council and Town Deal Board are undertaking a process of reviewing the projects in line with the reduced funding.
It is the intention of the Council to work in partnership with the selected development partner to identify further sites or buildings, either in the Council's ownership, other public sector ownership, or in private ownership, for development across the Borough over the term of the appointment.
The Council expects that the private sector development partner in the JV will be experienced in undertaking a range of regeneration and economic development projects and be capable of offering full design, specification and delivery. Fundamental to the Council's requirements is that the development partner is capable of investing in the JV to complement the Council's investment and facilitate the draw down of funding, both from the public and private sector, to provide the financial capacity for projects.
The entire term of the contract is 15 years, split into an 10 year initial period plus an option to
extend for a further period of 5 years.
More information
Links
-
- https://procontract.due-north.com/Advert/Index?advertId=b4fd5d0e-bdf9-eb11-810d-005056b64545
- Tender notice
- The Chest - Access this link for documents
About the buyer
Contact name
Peter Walpole
Address
The Town Hall
Market Street
Nelson
BB9 7LG
England
Telephone
+44 7875635549
peter.walpole@star-procurement.gov.uk
Website
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Closing: 13 September 2021, 5pm