Published date: 23 October 2020

Last edited date: 23 October 2020

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


Closing: 28 August 2020, 1:30pm

Contract summary

Industry

  • Financial consultancy services - 66171000

Location of contract

TN34 3UY

Value of contract

£44,000

Procurement reference

HBC - 031314 - AWARD

Published date

23 October 2020

Closing date

28 August 2020

Closing time

1:30pm

Contract start date

20 October 2020

Contract end date

31 December 2021

Contract type

Service contract

Procedure type

Other

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

Hastings Borough Council sought to appoint a suitably qualified and experienced consultant to provide Financial Advisory Services in its progression of the Bulverhythe Housing Development with a Joint Venture Partner.
The Council wants to ensure that outcomes on council owned land are maximised with the aim of creating sustainable communitues, increasing social value and stimulating revenue generation to help support the delivery of local services in the face of ongoing government cutbacks. The council has established the Hastings Housing Company (HHC) to help realise its objectives.
Hastings Borough Council in discussions with a potential joint venture (JV) partner for the development of the site. These discussions require a detailed understanding of the scheme and its viability, especially regarding development cost as well as potential end sales values. Quantity Surveying services are being procured to review the current scheme costings and provide an updated outline cost plan.
In addition to understanding the scheme costs, the council needs to understand how the scheme can most effectively be structured to maximise its income. HBC therefore wish to appoint a third party to provide specialist financial advice.

Award information

Awarded date

8 October 2020

Contract start date

20 October 2020

Contract end date

31 December 2021

Total value of contract

£44,000

This contract was awarded to 1 supplier.

Ernst & Young LLP

Address

1 More London Place, London, United Kingdom, SE1 2AF

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Gerry Palmer (WDC)

Address

Breeds Place
Hastings
East Sussex
TN34 3UY
United Kingdom

Telephone

01323 443350

Email

gerry.palmer@wealden.gov.uk

Website

www.hastings.gov.uk/