Award

Joint Venture for Development of Multiple Sites in Bracknell Forest

BRACKNELL FOREST BOROUGH COUNCIL

This public procurement record has 3 releases in its history.

Award

12 Oct 2021 at 14:11

Award Notice
Tender

29 May 2019 at 07:02

Tender Notice
Tender

24 May 2019 at 08:39

Tender Notice
Summary of the contracting process

The Bracknell Forest Borough Council is currently engaged in a public procurement process titled "Joint Venture for Development of Multiple Sites," aiming to enhance economic development in Bracknell, England. This competitive dialogue process falls under the construction industry category, with a substantial estimated contract value ranging from £200 million to £1 billion. The initial contract period is set to commence on February 16, 2020, lasting approximately 15 years with potential extensions of up to 10 years. Interested organisations must register by June 27, 2019, through the South East Business Portal to receive updates regarding this tender.

This tender presents substantial opportunities for businesses specialising in construction, real estate, and related services. Companies with the capability to partner in a joint venture structure, particularly those experienced in large-scale developments, affordable housing projects, and community facilities, would be well-suited to compete effectively. As the council aims to create high-quality developments to serve local needs, successful bidders can expect a long-term partnership that could significantly enhance their market presence and reputation in the construction sector.

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Notice Information

Notice Title

Joint Venture for Development of Multiple Sites in Bracknell Forest

Notice Description

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 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 PS200,000,000) 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 the South East Business Portal (https://sebp.due-north.com/) (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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3f499f7e-f817-474f-99bf-67fe0d4ec0e3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9bc0a26e-a8b6-427d-b1ac-427af3433996
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

45 - Construction work

70 - Real estate services

71 - Architectural, construction, engineering and inspection services

CPV Codes

45000000 - Construction work

70000000 - Real estate services

71500000 - Construction-related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£1,000,000,000 £1B-£10B
Contracts Value
Not specified

Notice Dates

Publication Date
12 Oct 20214 years ago
Submission Deadline
26 Jun 2019Expired
Future Notice Date
Not specified
Award Date
18 Dec 20205 years ago
Contract Period
21 Dec 2020 - 20 Dec 2035 Over 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
BRACKNELL FOREST BOROUGH COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRACKNELL
Postcode
RG12 1JD
Post Town
Reading
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ15 Berkshire East
Delivery Location
TLJ South East (England)
Local Authority
Bracknell Forest
Electoral Ward
Town Centre & The Parks
Westminster Constituency
Bracknell

Supplier Information

Number of Suppliers
1
Supplier Name

COUNTRYSIDE PROPERTIES (UK

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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