Option to Purchase Agreement of Land at Courtlands

Concepts

• construction work
• stevenage
• sjm
• purchase agreement of land
• ehp land development ltd
• land purchase
• land
• novation agreement
• courtlands
• marshgate

Location

Hertfordshire:

Description

Marshgate is placing a voluntary ex-ante transparency notice to advertise its intention to enter into an option to purchase agreement concerning land at Courtlands, Todds Green, Stevenage, Hertfordshire, SG1 2JE ('the Property') with further details set out below.

Total Quantity or Scope

The proposed transaction provides for Marshgate to enter into an option to purchase agreement with EHP Land Development Ltd (EHP) of land at the Property. The Property has the benefit of planning permission for 17 dwellings with associated infrastructure. EHP has entered into an agreement for works for the construction of the dwellings and associated infrastructure with SJM & Co Ltd (SJM) (Agreement for Works). The option to purchase is conditional upon Marshgate entering into a novation agreement with EHP and SJM for Marshgate to be a party to the Agreement for Works in place of EHP. The Agreement for Works specifies that SJM shall construct the dwellings and associated infrastructure as per the planning permission. Additional information: This voluntary ex ante transparency notice is being published to enable the observance of a voluntary standstill period of 10 days. The standstill period will end at midnight on 7th April 2022.

Award Detail

CPV Codes

• 45211100 - Construction work for houses
• 70122200 - Land purchase services

Legal Justification

This is a voluntary ex ante transparency notice pursuant to regs 99 - 100 of the Public Contract Regulations 2015. Marshgate consider that the proposed transaction is not a public contract and is not caught by the Public Contracts Regulations because: Marshgate have had no influence on the design of the works, The construction of the works will simply be implementing a planning permission that has already been granted and one that Marshgate had no involvement in developing, EHP have already entered into a legally binding contract for the construction of the works, and The option to purchase is conditional on Marshgate entering into the novation of the Agreement for Works. As such, the proposed transaction falls outside the scope of and does not need to comply with Part 2 of the Public Contracts Regulations 2015 (and therefore Directive 2014/24/EU) and may be awarded without prior publication of a Contract Notice in the Official Journal of the European Union.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. **