Award

Housing Annuity Leaseback Model Phase 2

NEWCASTLE CITY COUNCIL

This public procurement record has 2 releases in its history.

Award

30 Oct 2019 at 13:48

Award Notice
Tender

06 Mar 2019 at 10:16

Tender Notice
Summary of the contracting process

The Newcastle City Council has initiated a procurement process titled "Housing Annuity Leaseback Model Phase 2", aimed at financing, designing, building, and fitting out new homes across eight sites in the North East of England. The project has a total estimated value of £25 million, with a minimum contract value of £1.8 million. The procurement method employed is a selective competitive procedure with negotiation, and the tender period ended on 12 April 2019. The contract is set to span from 1 October 2019 to 30 September 2024, focusing on the construction sector, particularly involving works related to housing and assisted living facilities.

This tender presents significant opportunities for construction firms that specialise in building residential properties, particularly those experienced in projects that involve assisted living or similar housing solutions. Businesses with capabilities in financial structuring and long-term asset management will also find this contract appealing, given the leaseback arrangement proposed by the Newcastle City Council. Companies that can meet the necessary specifications and standards for the project are well-placed to compete effectively for this multi-million pound contract, which aims to enhance housing options for older persons in the region.

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Notice Information

Notice Title

Housing Annuity Leaseback Model Phase 2

Notice Description

Newcastle Council wishes to invite organisations to finance, design and build and fit out new homes on specific sites and to certain standards and specification which the Council will lease back for a set period of time under an Annuity Lease Back Model 'ALBM',. At the end of this period of time all property and assets will revert back to Council ownership. By leasing the properties back to the Council the partner will secure a long term fixed return for the investment. There are 199new homes (including Assisted Living apartments, Tyneside flats and bungalows) on 8 ites across the city envisaged for inclusion. This will deliver older persons housing, and an assisted living scheme.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-392a1475-b19a-4e1b-982a-b4aea34e1c74
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/38b58553-ea86-4d44-997c-1e7274cc2dd0
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

45 - Construction work

CPV Codes

45000000 - Construction work

Notice Value(s)

Tender Value
£25,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£22,481,981 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
30 Oct 20196 years ago
Submission Deadline
12 Apr 2019Expired
Future Notice Date
Not specified
Award Date
16 Oct 20196 years ago
Contract Period
17 Oct 2019 - 30 Sep 2024 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NEWCASTLE CITY COUNCIL
Contact Name
Chris Rush
Contact Email
chris.rush@newcastle.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
NEWCASTLE
Postcode
NE1 8QH
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)
Local Authority
Newcastle upon Tyne
Electoral Ward
Monument
Westminster Constituency
Newcastle upon Tyne Central and West

Supplier Information

Number of Suppliers
1
Supplier Name

TOLENT CONSTRUCTION

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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