Award

Housing annuity Leaseback Model

NEWCASTLE CITY COUNCIL

This public procurement record has 2 releases in its history.

Award

12 Feb 2018 at 09:48

Award Notice
Tender

24 Mar 2017 at 12:14

Tender Notice
Summary of the contracting process

Newcastle City Council is currently facilitating a procurement process for a project titled "Housing Annuity Leaseback Model," aimed at constructing 148 new homes, including Assisted Living apartments, Tyneside flats, and bungalows across five sites in the North East of England. The procurement is classified under Construction work and is in the award stage, with the contract value estimated at £18 million. The contract period is set to commence on 3rd January 2018 and conclude on 30th August 2019. The procurement method used is selective, specifically a competitive dialogue process, with the tender period closing on 23rd March 2017.

This tender presents a significant opportunity for construction firms, particularly those with experience in residential projects, to grow their business by participating in the development of homes for an ageing population. Businesses that excel in finance, design, and construction will find themselves well-suited to compete, especially given the long-term fixed return associated with the Annuity Lease Back Model. With the successful bidder being Tolent Living Limited, there may also be opportunities for subcontracting and collaboration with large-scale developers in the region.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Housing annuity Leaseback Model

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 148 new homes (including Assisted Living apartments, Tyneside flats and bungalows) on 5 sites 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-b5fd17-6589f5b9-1c0d-43f8-9c6c-eb2b20b7458f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2df17ccc-8b7c-4728-93d2-2b70997d98e4
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 dialogue (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
£18,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£18,503,515 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
12 Feb 20188 years ago
Submission Deadline
23 Mar 2017Expired
Future Notice Date
Not specified
Award Date
2 Jan 20188 years ago
Contract Period
3 Jan 2018 - 30 Aug 2019 1-2 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
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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 LIVING

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-6589f5b9-1c0d-43f8-9c6c-eb2b20b7458f-2018-02-12T09:48:47Z",
    "date": "2018-02-12T09:48:47Z",
    "ocid": "ocds-b5fd17-6589f5b9-1c0d-43f8-9c6c-eb2b20b7458f",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "005601",
        "title": "Housing annuity Leaseback Model",
        "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 148 new homes (including Assisted Living apartments, Tyneside flats and bungalows) on 5 sites across the city envisaged for inclusion. This will deliver older persons housing, and an assisted living scheme.",
        "datePublished": "2017-03-24T12:14:10Z",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "45000000",
            "description": "Construction work"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "North East",
                        "countryName": "United Kingdom"
                    },
                    {
                        "region": "North East",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "minValue": {
            "amount": 12000000,
            "currency": "GBP"
        },
        "value": {
            "amount": 18000000,
            "currency": "GBP"
        },
        "procurementMethodDetails": "Competitive dialogue (above threshold)",
        "tenderPeriod": {
            "endDate": "2017-03-23T23:59:59Z"
        },
        "contractPeriod": {
            "startDate": "2018-01-03T00:00:00Z",
            "endDate": "2019-08-30T23:59:59+01:00"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "works",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/72c1bb62-2d5e-4399-aa4f-99e897820b17",
                "datePublished": "2017-03-24T12:14:10Z",
                "format": "text/html",
                "language": "en"
            }
        ],
        "procurementMethod": "selective"
    },
    "parties": [
        {
            "id": "GB-LAE-NET",
            "name": "Newcastle City Council",
            "identifier": {
                "legalName": "Newcastle City Council",
                "scheme": "GB-LAE",
                "id": "NET"
            },
            "address": {
                "streetAddress": "Commisioning and Procurement, Civic Centre",
                "locality": "Newcastle",
                "postalCode": "NE1 8QH",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Chris Rush",
                "email": "chris.rush@newcastle.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-9505052",
            "name": "Tolent Living Limited",
            "identifier": {
                "legalName": "Tolent Living Limited",
                "scheme": "GB-COH",
                "id": "9505052"
            },
            "address": {
                "streetAddress": "Ravenworth House, 5th Ave Business Park, Team Valley, Gateshead, Tyne & Wear, NE11 0HF\""
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-LAE-NET",
        "name": "Newcastle City Council"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-6589f5b9-1c0d-43f8-9c6c-eb2b20b7458f-1",
            "status": "active",
            "date": "2018-01-02T00:00:00Z",
            "datePublished": "2018-02-12T09:48:47Z",
            "value": {
                "amount": 18503515,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-9505052",
                    "name": "Tolent Living Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2018-01-03T00:00:00Z",
                "endDate": "2019-08-30T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/2df17ccc-8b7c-4728-93d2-2b70997d98e4",
                    "datePublished": "2018-02-12T09:48:47Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}