Award

Residence Transaction for George Eliot Hall and Rusham Park

ROYAL HOLLOWAY AND BEDFORD NEW COLLEGE

This public procurement record has 2 releases in its history.

AwardUpdate

24 Mar 2024 at 08:40

Award Notice
Award

02 Apr 2021 at 09:05

Award Notice
Summary of the contracting process

The Royal Holloway and Bedford New College has awarded a contract for the Residence Transaction for George Eliot Hall and Rusham Park. The procurement process involved a competitive dialog method with a contract value of £85 million. The tender period ended on 19th February 2021, and the contract is scheduled to start on 1st September 2021, with an end date of 31st August 2074. The procurement stage has been completed, and the contract was awarded to Balfour Beatty Infrastructure Investments Limited.

This public procurement opportunity presents a significant project for companies specializing in accommodation management services. Businesses experienced in handling large-scale projects involving design, build, finance, operation, and maintenance can benefit from participating in this tender. Royal Holloway and Bedford New College are seeking a long-term partner to support their growth strategy and accommodate their students' needs, offering a unique opportunity for suitable businesses to contribute to the development of student accommodations.

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Notice Information

Notice Title

Residence Transaction for George Eliot Hall and Rusham Park

Notice Description

Text to be corrected in the original notice: Place of text to be modified: None Instead of: None Read: VII.2)Other additional information: In accordance with regulation 55(1) of the Public Contracts Regulations 2015, Royal Holloway and Bedford New College (also known as Royal Holloway University of London), has taken the decision not to proceed with the Procurement for the following reasons: the financial pressures that the increased costs of borrowing taken together with the increase in construction costs mean that the Project, in its current form, is no longer financially viable for RHUL. Other additional information: In accordance with regulation 55(1) of the Public Contracts Regulations 2015, Royal Holloway and Bedford New College (also known as Royal Holloway University of London), has taken the decision not to proceed with the Procurement for the following reasons: the financial pressures that the increased costs of borrowing taken together with the increase in construction costs mean that the Project, in its current form, is no longer financially viable for RHUL. Royal Holloway and Bedford New College is seeking to enter into a long-term agreement with one partner to support in meeting its growth strategy and accommodation needs of its students. This will involve the potential delivery (design, build, finance, operation and maintenance (soft and hard FM)) of a c.2000 bed student village through a demand risk partnership over one or more phases and shall also include the stock transfer, finance and operation and maintenance (soft and hard FM services) of its existing student accommodation residence, George Eliot Hall.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4ea3e67c-ddf0-4a45-ba45-eaea6374a0b8
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c5218a14-7c0e-4c4e-a4f8-da6f91ef682f
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Competitive dialog
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

98 - Other community, social and personal services

CPV Codes

98341100 - Accommodation management services

Notice Value(s)

Tender Value
£85,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£85,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
24 Mar 20241 years ago
Submission Deadline
19 Feb 2021Expired
Future Notice Date
Not specified
Award Date
19 Feb 20215 years ago
Contract Period
31 Aug 2021 - 31 Aug 2074 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
ROYAL HOLLOWAY AND BEDFORD NEW COLLEGE
Contact Name
Not specified
Contact Email
procurement@rhul.ac.uk
Contact Phone
+441784443044

Buyer Location

Locality
EGHAM, SURREY
Postcode
TW20 0EX
Post Town
Twickenham
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ25 West Surrey
Delivery Location
TLJ South East (England)
Local Authority
Runnymede
Electoral Ward
Englefield Green East
Westminster Constituency
Windsor

Supplier Information

Number of Suppliers
3
Supplier Names

BALFOUR BEATTY INFRASTRUCTURE INVESTMENT

BALFOUR BEATTY INFRASTRUCTURE INVESTMENTS

BALFOUR BEATTY INFRSTRUCTURE INVESTMENTS

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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