Joint Venture for Development of Multiple Sites in Suffolk

A Tender Notice
by SUFFOLK COUNTY COUNCIL

Source
Contracts Finder
Type
Contract (Services)
Duration
15 year
Value
£750M
Sector
BUSINESS
Published
10 Mar 2021
Delivery
01 Mar 2022 to 28 Feb 2037
Deadline
09 Apr 2021 12:00

Concepts

Location

Geochart for 1 buyers and 0 suppliers

1 buyer

Description

Suffolk County Council (the 'Council') has the ambition of delivering residential development in Suffolk. In order to realise this ambition, the Council is seeking to procure a private sector partner ('PSP') with whom to establish a 50:50 joint venture ('JV') development vehicle. The JV will be responsible for delivering multiple residential development schemes throughout Suffolk. The Council will commit sites to the JV for development and may also provide funding via loans or equity contributions. It is anticipated that the PSP will provide funding and services to the JV. Such services may include (amongst others) construction services and development management services. Following development, individual residential units or development parcels will be marketed and sold. Profits from the JV will be distributed to the Council and the PSP based on their equity holdings.

CPV Codes

  • 70000000 - Real estate services
  • 70110000 - Development services of real estate
  • 70332000 - Non-residential property services
  • 71500000 - Construction-related services
  • 70120000 - Buying and selling of real estate
  • 70331000 - Residential property services
  • 45000000 - Construction work
  • 70333000 - Housing services

Other Information

This opportunity is available in the `Current Tenders` area of www.suffolksourcing.uk. Interested parties are invited to express their interest in order to gain full access to the tender documentation Is a Recurrent Procurement Type? : No Additional information on how to apply for this contract https://www.suffolk.gov.uk/business-jobs-and-careers/tenders-and-supplying-us/

Reference

Domains