Residence Transaction for George Eliot Hall and Rusham Park

Contract summary

Industry

• Accommodation management services - 98341100

Location of contract

South East

Value of contract

£85,000,000

Procurement reference

BIP582682459

Published date

2 April 2021

Closing date

19 February 2021

Closing time

12am

Contract start date

1 September 2021

Contract end date

31 August 2074

Contract type

Service contract

Procedure type

Competitive dialog

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

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Description

Text to be corrected in the original notice:
Place of text to be modified: None
Instead of: None
Read: VII.2)Other additional information: In accordance with regulation 55(1) of the Public Contracts Regulations 2015, Royal Holloway and Bedford New College (also known as Royal Holloway University of London), has taken the decision not to proceed with the Procurement for the following reasons: the financial pressures that the increased costs of borrowing taken together with the increase in construction costs mean that the Project, in its current form, is no longer financially viable for RHUL.
Other additional information: In accordance with regulation 55(1) of the Public Contracts Regulations 2015, Royal Holloway and Bedford New College (also known as Royal Holloway University of London), has taken the decision not to proceed with the Procurement for the following reasons: the financial pressures that the increased costs of borrowing taken together with the increase in construction costs mean that the Project, in its current form, is no longer financially viable for RHUL.
Royal Holloway and Bedford New College is seeking to enter into a long-term agreement with one partner to support in meeting its growth strategy and accommodation needs of its students. This will involve the potential delivery (design, build, finance, operation and maintenance (soft and hard FM)) of a c.2000 bed student village through a demand risk partnership over one or more phases and shall also include the stock transfer, finance and operation and maintenance (soft and hard FM services) of its existing student accommodation residence, George Eliot Hall.

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More information

Links

• https://www.delta-esourcing.com/delta/respondToList.html?noticeId=582682459
• Please follow this link to view the notice.

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Award information

Awarded date

19 February 2021

Contract start date

1 September 2021

Contract end date

31 August 2074

Total value of contract

£85,000,000

This contract was awarded to 3 suppliers.

Balfour Beatty Infrastructure Investments Limited

Balfour Beatty Infrastructure Investment Limited

Balfour Beatty Infrstructure Investments Limited

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About the buyer

Address

Egham Hill
Egham, Surrey
TW20 0EX
UK

Telephone

+441784443044

Email

procurement@rhul.ac.uk