Published date: 24 May 2019

This notice was replaced on 29 May 2019

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 12 October 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


  • Construction work - 45000000

  • Real estate services - 70000000

  • Construction-related services - 71500000

Location of contract

South East

Value of contract


Procurement reference


Published date

24 May 2019

Closing date

27 June 2019

Contract start date

16 February 2020

Contract end date

28 February 2035

Contract type

Service contract

Procedure type

Competitive dialog

Contract is suitable for SMEs?


Contract is suitable for VCSEs?



This is a summary of information provided in part on tenders electronic daily (TED), part of the Official Journal of the EU ref: 2019/S 099-239891 and in full in the documents on the South East Business Portal (see below).
The Council has the ambition of delivering development in Bracknell and beyond, in order to promote economic development, enhance vitality, and secure new homes and facilities for local residents and businesses. The Council's overarching project vision is to deliver high quality development that supports a thriving, 18 hour town centre and catalyses further regeneration in the area, and that serves the needs of all residents and businesses, including new community facilities and affordable housing, fostering a sense of local ownership
In order to realise these ambitions, the Council is seeking to procure a PSP with whom to establish a 50:50 JV development vehicle. The Council and the PSP's respective interests in the JV will be established through a Competitive Dialogue procurement process.

The estimated contract value of this opportunity is between £145,000,000 and £300,000,000. This figure is based on the estimated gross development value for the Cat1 sites with a reasonable forecast for future Cat2 Sites, Cat 3 Sites and Community Facilities that may be brought into the scope of the JV during the contract term.

The Council envisages a contract period of approximately 15 years with an option to extend the contract period in a number of periods up to an overall extension of 10 years. The actual period will be determined by best value considerations during the procurement procedure.
Organisations must register their interest on the South East Business Portal ( (the "Portal") in order to receive any changes or notifications issued by the Council during this tender process. The Council will not be held responsible for lack of communication to any organisation who does not register their interest. Clarification questions must also be sent through the Portal. For more information about this opportunity please visit the Portal.

The Council reserves the right not to award the contract in whole or in part, to cancel or amend the tender process and does not bind itself to accept any tender. The Council shall not be liable under any circumstances for any costs, charges or expenses incurred by any bidder or prospective bidder in responding to this notice or in taking part in this procurement process.
Advisers to the procurement procedure have been Avison Young and Pinsent Masons.

About the buyer

Contact name

Kevin Ayers


Time Square
Market Street
RG12 1JD