Notice Information
Notice Title
Delivery Partner Panel 3 - North East, Yorkshire & The Humber Lot, Cottingwood - St Georges Phase 1, Morpeth, Northumberland - Modification Notice
Notice Description
Homes England's Cottingwood Phase 1 site at the former St Georges Hospital, Morpeth is a residential development delivering 260 homes with 15% affordable. This was originally procured via Homes England's Development Partner Panel 3 (DPP3) during 2021/22. The purpose of this additional contract notice is to provide explanation of a modification that has become necessary since the original contract was agreed. The details of this modification are provided below. Please note that contract dates have been revised to reflect the updated timescale and the value has been increased to reflect the updated Gross Development Value (GDV). Costs have increased to a higher degree resulting in the reduction in land value outlined in the additional details section. This notice and the previous notice do not disclose the land value for commercial sensitivity reasons. Additional information: The purpose of this additional contract award notice is to fulfil transparency obligations necessary to validate the modification of the contract during its term. The original award notice's reference was THCA001-DN536322-77438466. The ground for this modification is 'the need for modification brought about by circumstances which a diligent contracting authority/entity could not foresee' (Regulation 72.1(c)). The land value, as assessed at the time of the tender, has reduced by 17.1% in net present value terms. This change does not undermine the original award decision and is within 50% of the original tendered value permitted by this ground. A Supplemental Agreement was exchanged between Homes England and BDW Trading Limited on 28th June 2024 to reflect the approved changes to the land price as a result of the macroeconomic impacts experienced since the Agreement for Lease was exchanged on 31st March 2022. The macroeconomic impacts are principally cost inflation, which has outweighed forecast value growth, and a requirement to extend the build programme due to the current and projected delivery and sales pace. The impact on the land price has been mitigated by changes to other commercial terms.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-b5fd17-41d0f680-c19a-49ef-b628-375c4e44f2c5
- Publication Source
- Contracts Finder
- Latest Notice
- https://www.contractsfinder.service.gov.uk/Notice/78f870f8-0c25-4fd6-9f32-cd9ea2fe109d
- Current Stage
- Award
- All Stages
- Award
Procurement Classification
- Notice Type
- Award Notice
- Procurement Type
- Standard
- Procurement Category
- Works
- Procurement Method
- Not Specified
- Procurement Method Details
- Other -
- Tender Suitability
- SME
- Awardee Scale
- Large
Common Procurement Vocabulary (CPV)
- CPV Divisions
45 - Construction work
-
- CPV Codes
45000000 - Construction work
Notice Value(s)
- Tender Value
- £88,200,000 £10M-£100M
- Lots Value
- Not specified
- Awards Value
- £88,200,000 £10M-£100M
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 19 Jul 20241 years ago
- Submission Deadline
- 5 Nov 2021Expired
- Future Notice Date
- Not specified
- Award Date
- 24 Feb 20224 years ago
- Contract Period
- 31 Mar 2022 - 31 Mar 2030 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
- HOMES ENGLAND (THE NAME ADOPTED BY THE HOMES AND COMMUNITIES AGENCY)
- Contact Name
- Not specified
- Contact Email
- etendering@homesengland.gov.uk
- Contact Phone
- Not specified
Buyer Location
- Locality
- NEWCASTLE UPON TYNE
- Postcode
- NE4 5BZ
- 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), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
-
- Local Authority
- Newcastle upon Tyne
- Electoral Ward
- Arthur's Hill
- Westminster Constituency
- Newcastle upon Tyne Central and West
Further Information
Notice Documents
-
https://www.contractsfinder.service.gov.uk/Notice/78f870f8-0c25-4fd6-9f32-cd9ea2fe109d
19th July 2024 - Awarded contract notice on Contracts Finder
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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