Published date: 24 March 2017
This notice was replaced on 12 February 2018
This notice does not contain the most up-to-date information about this procurement. The most recent notice is:
Awarded contract (published 12 February 2018)
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
North East
Value of contract
£12,000,000 to £18,000,000
Procurement reference
005601
Published date
24 March 2017
Closing date
23 March 2017
Contract start date
25 August 2017
Contract end date
30 August 2019
Contract type
Works
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 148 new homes (including Assisted Living apartments, Tyneside flats and bungalows) on 5 sites across the city envisaged for inclusion. This will deliver older persons housing, and an assisted living scheme.
About the buyer
Contact name
Chris Rush
Address
Commisioning and Procurement, Civic Centre
Newcastle
NE1 8QH
England
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