Award

Voluntary Ex Ante Transparency Notice (VEAT) - Farnworth Town Centre Development Scheme

BOLTON COUNCIL

This public procurement record has 1 release in its history.

Award

30 May 2023 at 16:31

Award Notice
Summary of the contracting process

The Bolton Council has awarded a £28,200,000 contract for the Farnworth Town Centre Development Scheme to Capital & Centric. The contract involves construction work and is scheduled to start on July 3, 2023, and end on July 2, 2025. The procurement stage is complete, and the tender method used was an open procedure. The project is based in England, United Kingdom, and falls under the works category.

This contract presents opportunities for businesses, especially in the construction industry, to engage with Bolton Council's development scheme. Small and medium-sized enterprises (SMEs) and Voluntary, Community, and Social Enterprise (VCSE) organisations are well-suited to compete for this project. Interested parties can contact Sarah Atherton at Bolton Council for more information.

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Notice Information

Notice Title

Voluntary Ex Ante Transparency Notice (VEAT) - Farnworth Town Centre Development Scheme

Notice Description

The contracting authority is not awarding a contract This is a 30 day VEAT Notice in respect of the proposed Farnworth Town Centre Development Scheme, due to commence on or around 3 July 2023 The scheme is publicly funded through an agreed funding strategy comprising a combination of grant and loan financing from Bolton Council Future High Street Funds, Brownfield funds, and lending from Greater Manchester Combined Authority GMCA Bolton Council intends to enter into an Option Agreement, with an annexed Buy Back Option and a Price and Overage Deed with Capital and Centric Cocoon Ltd. C&C for the planned regeneration development at Farnworth Town Centre The Option Agreement places an obligation on Bolton Council to sell the land at Farnworth Town Centre to Capital and Centric should Capital and Centric exercise the option. Should Capital and Centric exercise the option to buy the land, it can as the developer, develop the land in accordance with planning permission (subject to permitted variations) if it chooses to, but is not required to do so Bolton Council can exercise the Buy Back Option if The funding agreement with GMCA is not entered into in line with the agreed funding strategy; and/or A forward purchase agreement is not entered into in line with the agreed funding strategy; and/or There is, broadly, an insolvency event in relation to CandC and or Practical completion of the development is not reached within a certain timeframe The Price and Overage Deed allows for deferred consideration payable for the property to Bolton Council shortly after practical completion which will be secured by way of a charge

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4d263224-5ee1-416e-aaf3-d91ded0cc32a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b767761c-a3f5-4731-9695-abd98b8479c6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Works
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

45 - Construction work

CPV Codes

45000000 - Construction work

Notice Value(s)

Tender Value
£28,200,000 £10M-£100M
Lots Value
Not specified
Awards Value
£28,200,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
30 May 20232 years ago
Submission Deadline
30 May 2023Expired
Future Notice Date
Not specified
Award Date
29 May 20232 years ago
Contract Period
2 Jul 2023 - 2 Jul 2025 2-3 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
BOLTON 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
BOLTON
Postcode
BL1 1RU
Post Town
Bolton
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD36 Greater Manchester North West
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
Bolton
Electoral Ward
Queens Park & Central
Westminster Constituency
Bolton North East

Supplier Information

Number of Suppliers
1
Supplier Name

CAPITAL & CENTRIC

Further Information

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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