Joint Venture for Development of Multiple Sites in Bracknell Forest
Main contract details
The JV will be responsible for delivering multiple development schemes throughout Bracknell Forest. 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, services to the JV or directly to the Council. Such services may include (amongst others) construction services and development management services.
The Council intends to create a flexible structure to allow developments to proceed through various delivery methods.
This may include sites being transferred by the Council to the JV or sites being retained by the Council with the JV and/or the PSP providing construction services.
The estimated contract value of this opportunity is between 200 000 000 GBP and 1 000 000 000 GBP. This figure is based on the estimated gross development value for the Category 1 sites (circa £200,000,000) with a reasonable forecast for future Category 2 Sites, Category 3 Sites and Community Facilities that may be brought into the scope of the JV during the contract term.
The reason for the range is due to a variety of factors which include but are not limited to, the lifespan of the JV, the possibility of fluctuations in market conditions over the contract term and the challenge of forecasting the use, scale and value of the future Category 2 Sites and Category 3 Sites and Community Facilities which have not yet been identified by the Authority.
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 this 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.
*******Text amended 28.05.2019 to change value range and explanation of value range.**********
Key dates
Expression of interest window
From 24/05/2019 10:00 to 27/06/2019 12:00
New to ProContract?
If you are not currently registered on the ProContract procurement portal, you can complete a simple registration process by clicking the following link - Register free
Contact details
Bracknell
Berkshire
RG12 1JD
United Kingdom